DAX futures (Sept 2017 contract is FDXU7, continuation contract is FDXc1)
The strong bullish candle on Friday (helped undoubtedly by a euro correction) has put the DAX back at another key crossroads.
Is this a rally going to again fail as it has down over the past couple of weeks around the old breakdown just above 12,300?
The near term momentum has picked up with a bull cross on MACD and Stochastics buy signal, however now this needs to be converted into a consistent rally.
That makes today’s session key.
Friday could now close above 12,303 but the bulls are still sitting with more confidence in the market.