DAX futures on the rise this morning as moving average range persists

Yesterday the DAX was the worst performing major European stock market index. The DAX handed back 0.81%. That compared to a loss of 0.58% for the CAC 40 and 0.41% for the FTSE 100. The DAX fell to a session low at 18,075, but later recovered some of the earlier downside, to close 147 points lower, at 18,177. Now that low means it dropped back close to its 100 day moving average again (in place at 18,024 as of the close yesterday). The index had stopped just short of its 50 day moving average on Monday (in place at 18,355 as of the close yesterday). If you look at a daily chart of the DAX, with those moving averages in place, you will see the observation made here a few times before, about the price action being trapped between those and it is clearly still in place. So, it continues to look like trading that moving average range has been a pretty profitable tactic since June 14. Well, the DAX future is lifting this morning and right now pricing a reopening at around 18,260, so we shall see if this persists again today