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Equity indices are trading flat on another sombre post-terror attack day with markets shrugging off renewed geopolitical risk and Travel stocks not suffering usual knee-jerk weakness. The UK 100 is treading water with Lloyds (MBNA purchase offers growth potential) and big Pharma offsetting losses for HSBC, Oil majors and Tobacco despite the weak GBP. Major bourses remain close to highs, but may struggle to improve without a Monte dei Paschi recap/rescue in the bag.
The UK 100 is sideways 6995-7020, waiting to pop one way or the other. The DAX 30 is holding its December uptrend above 14000, still trying to engineer a breakout to fresh 13-month highs. Dow Jones Futures are knocking at 19920 resistance trying to challenge 19965 all-time highs. Gold turned back from $1140 to resume downtrend 6-week downtrend channel.
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The UK 100 is sideways 6995-7020, waiting to pop one way or the other as it consolidates at the top of its December Santa rally uptrend.
Watch levels: Bullish 7025, Bearish 6985
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 holding its December uptrend above 14000, still trying to engineer a breakout to fresh 13-month highs.
Watch levels: Bullish 11440, Bearish 11410
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 knocking at 19920 resistance trying to challenge 19965 all-time highs. Can it make 20,000 before year-end?
Watch levels: Bullish 19925, Bearish 19875
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 turned back from $1140 to resume downtrend 6-week downtrend channel hampered by fresh USD strength.
Watch levels: Bullish $1135, Bearish $1131
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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