DAX futures (Dec 2017 contract is FDXZ7, continuation contract is FDXc1)
Corrections on DAX futures continue to be seen as a chance to buy however the market is likely to remain contained during today’s session with the German Federal Elections being held over the weekend.
The consolidation of the past couple of weeks also shows a drift of higher lows with the support around 12,500 remaining intact and today’s early dip to 12,544 potentially another higher low.
Daily momentum indicators remain strongly configured with the RSI in the mid-60s, whilst the MACD and Stochastics are positively positioned.
With a run of higher highs too, the outlook remains a push to test the 12,655 July high.
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