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Equities are under pressure today, the OPEC pantomime on hold until next week’s meeting with Russia, allowing investors to fret anew about the weekend’s Italian referendum and of course the US jobs report tomorrow. A weaker USD and thus stronger GBP and EUR are also weighing on the international contingent of both the UK Index and DAX, although oil is having another go at yesterday’s production cut highs to keep Energy buoyant.
The UK 100 is trading around the 6730 floor of its 3 week channel. Break or bounce? The DAX 30 remains trapped in a 2-week 10500-10650 falling channel. Dow Jones Futures are hampered below 19150 by falling highs since yesterday’s record. Gold has taken another leg lower to test near $1160 levels last traded early Feb.
The UK 100 is trading around the 6730 floor of its 3 week channel. Break or bounce?
Watch levels: Bullish 6765, Bearish 6725
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 remains trapped in a 2-week 10500-10650 falling channel.
Watch levels: Bullish 10610, Bearish 10540
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
The Dow Jones Futures are hampered below 19150 by falling highs since yesterday’s record. Back to this week’s 19070 lows?
Watch levels: Bullish 19165, Bearish 19115
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 taken another leg lower to test near $1160 levels last traded early Feb. This extends the November downtrend.
Watch levels: Bullish $1172, Bearish $1165
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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