DAX Xetra (cash index)
There has been a rather topsy turvy few sessions on the DAX recently, however, taken in the context of the past few weeks, the market is trading in a range and increasingly is in need of a catalyst to drive a breakout.
An encouraging rebound helped to prevent a concerning sell-off on Friday and a positive reaction has come through with early gains today.
However the bulls may struggle to continue to push on, given the uncertain geopolitical outlook of the next couple of days.
The momentum indicators are rather neutrally configured now and reflect the recent range building.
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