The Dax 40 recoups losses as traders reposition ahead of CPI this week. The bulls are looking to safeguard the summer rebound by keeping it off the critical demand zone around 12450. A surge above 13050 has prompted short-term sellers to cover their bets, easing the bearish pressure. 13340 near the 30-day moving average and the start of a stalled rebound is an area of interest. A breakout may attract momentum buying and lift the index to 13700. On the downside, 12900 is a fresh support if the rally loses steam.
