Last updated: September 4th, 2017 at 10:10 am
DAX futures (Sept 2017 contract is FDXU7, continuation contract is FDXc1)
The selling pressure resumed yesterday with a sharply bearish session that is once more looking to test the key near term range lows.
For now though support continues to be formed above the 12,077 late July low, however the more times this is tested the more likely an eventual break will be seen.
The medium term momentum indicators retain a negative configuration and this is ramping up the pressure.
The RSI, MACD and Stochastics lines have all ticked lower again and rallies continue to be sold into.
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