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Equities are posting mild losses this morning, investors adopting the usual cautious stance ahead of this evening’s Fed policy update, especially after strong rallies of late and indices at or so close to significant highs. Markets are already pricing in a rate hike which means guidance is key. How many rates hikes the Fed pencils in for 2017 is what will be the information that moves sentiment overnight. Lower oil prices and a mixed bag for metals is also hampering risk appetite.
The UK 100 is hovering around 6950 having eased from yesterday’s highs. The DAX 30 is doing its best to hold above 11250 in a falling channel since late yesterday. Dow Jones Futures are holding their uptrend at 19990, within touching distance of yesterday’s highs and of course the 20,000 mark. Gold has found support at $1161 to preserve a rising channel.
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The UK 100 is hovering around 6950 having eased from yesterday’s highs. Support at 6940 this morning and lower tails suggest bullish appetite to hold ground. Breakout or breakdown?
Watch levels: Bullish 6965, Bearish 6935
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 is doing its best to hold above 11250 in a falling channel since late yesterday. Breakout or breakdown? Continuation of channel?
Watch levels: Bullish 11290, Bearish 11230
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
Dow Jones Futures are holding their uptrend at 19990, within touching distance of yesterday’s highs and of course the 20,000 mark.
Watch levels: Bullish 19920, Bearish 19880
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 found support at $1161 to preserve a rising channel towards $1166.
Watch levels: Bullish $1162, Bearish $1160.5
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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