DAX futures (Mar 2018 contract FDXH8, continuation contract is FDXc1)
Aside from the volatility of recent sessions there is still a degree of uncertainty over the near term outlook on the DAX.
Every time the market looks set up for a downside break there is a reason to buy (generally due to strength on Wall Street).
However the pressure is building as the number of negative daily candlesticks continues to grow.
This suggests that early gains in the session ultimately find selling pressure and the bulls seem unable to get any sort of sustainable foothold in the market.
This is reflected in the volatile session from Tuesday which has left a lower high at 13,346.
It looked as though the sellers were getting on top yesterday with a close below 13,200, but the early rebound today has again prevented traction in the move from developing.
Momentum indicators are mixed on the daily chart with RSI, MACD and Stochastics all flattening to reflect the uncertainty.
However, there is a slight negative bias on the hourly chart to suggest a bias towards selling into the rebounds.
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