DAX futures (Dec 2017 contract FDXZ7, Sept U7 contract EXPIRES TODAY, continuation contract is FDXc1)
As the front month rolls over to December, the market continues to consolidate.
The correction that has threatened over recent days has so far failed to materialise with recent candles showing long lower tails but buying into the close.
This suggests that the sellers are testing the water but are unable to take control near term.
Although momentum indicators such as the RSI (around 65), MACD and Stochastics (both rising in bullish configuration) remain strong, there is still a feeling that a near term correction would help to renew upside potential once more.
As such corrections remain a chance to buy.
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