DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1)
The DAX has opened lower and looks near term corrective but is likely to end up being another chance to buy.
Playing catch up after yesterday’s Whit Monday public holiday, the DAX was going to be under pressure in the early moves.
Support at 12,709 has been a pivot over the past few weeks and given the mildly corrective slant on trading there could now be a minor pullback once more.
However, although the market has rolled over near term, the outlook remains technically positive and now outlook for the DAX remains in place and any correction would be a chance to buy.