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Equities are mixed again today with stateside traders otherwise engaged for Thanksgiving, having left Wall St at fresh record high last night. The UK’s UK Index is just offside this morning, held back by an interesting mix of Utilities (NG), Telcos (VOD, BT), Miners (BLT) and Banks (HSBC) while at the other end Healthcare (SHP, GSK) and Oil (BP, RDS) do their best to help. The German DAX is at breakeven persistent USD strength/EUR weakness helping its big exporting members (VW, BASF, BMW, BAY) offset weakness in Banks (CBK), Materials (HEI) Tech (IFX) and Media (PSM). Wall St futures are posting small gains.
The UK 100 has made another bounce off 3-week rising support at 6790. The DAX 30 sits mid-way between the boundaries of its 10600-10780 2-week sideways range. Dow Jones Futures at 19100 remain around all-time highs with the compass still pointing north. Gold has broken below $1200 on account of persistent USD strength and lack of safehaven interest.
The UK 100 has made another bounce off 3-week rising support at 6790. Bounce or breakdown?
Watch levels: Bullish 6820, Bearish 6785
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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The DAX 30 sits mid-way between the boundaries of its 10600-10780 2-week sideways range. Could further EUR/USD weakness help deliver a breakout?
Watch levels: Bullish 10710, Bearish 10645
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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The Dow Jones Futures at 19100 remain around all-time highs with the compass still pointing north. As we said yesterday, a bullish pennant could yet take the index to 19300. RSI says overbought.
Watch levels: Bullish 19105, Bearish 19085
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Gold has broken below $1200 on account of persistent USD strength and lack of safehaven interest. Support at $1180 for now, but will it hold up?
Watch levels: Bullish $1195, Bearish $1175
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
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