DAX futures higher today after closing last week below 100 day moving average

On Friday the DAX was again the worst performing major European stock market index. The DAX handed back 182 points, to close 1% lower, at 18,171. That close was not far above the lows of the session, at 18,162 and well below its 100 day moving average, which was in place then at 18,255. The noted trend line support has now shifted slightly owing to the chart dynamics and that is in place today, at around 18,115. If that gives way when live trading resumes, the next important support levels of any note are in place at 18,030 (low July 2) and then comes the June 14 low, at 17,951. Overnight the DAX futures have rebounded and right now a higher opening is being priced in. However, it remains to be seen if that will be the case when live trading resumes at 7am GMT. The DAX is currently priced to reopen at around 18,220