DAX almost sets a technically positive close- Futures rebound ahead of the opening today

Yesterday the US stock markets pushed higher in the first couple of hours of live trade and that helped to ensure a series of higher closes here in Europe. Only the CAC 40 failed to close higher amongst the three major indexes. The FTSE 100 was the best of the three and the DAX managed to set a daily close above 21,300. Meantime that 100 day moving average had shunted higher and was in place yesterday at 21,328. So, the close at 21,311 remained below that technical level. The session high was set at 21,315. The later slide in US stocks helped to send the DAX futures back down and at one stage the index was pricing the opening close to 21k. Well, that opening outlook has now changed again and that is all due to a rebound in the US futures and gains across Asia this morning. So, right now the DAX is pricing the opening pretty close to where it ended the session yesterday. There will be more to add on this before live trading resumes this morning