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Equity indices are slightly higher this morning with events from the banking sector the most news-worthy. There is relief that Italian time-bomb Monte dei Paschi has been assured a bailout, while Deutsche Bank and Credit Suisse have settled with the US DoJ for pre-crisis mis-selling although a stubborn Barclays is holding out for a smaller fine. UK Index flat with gains from several defensives offsetting a mix of risky names dragging on the index into the long Christmas weekend.
The UK 100 keeps knocking on the door of recent 7065 highs. The DAX 30 trades sideways, holding Tuesday’s breakout above Nov/Dec 2015 highs at 11435. The Dow Jones Futures uptrend is being hampered at 19940 by Tues falling highs. Gold moving into $1130 apex of 10-day narrowing pattern. Will it break higher of lower?
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The UK 100 keeps knocking on the door of recent 7065 highs. Can it make a final hurrah breakout before Christmas towards early October all-time highs of 7130?
Watch levels: Bullish 7070, Bearish 7050
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 trades sideways, holding Tuesday’s breakout above Nov/Dec 2015 highs at 11435. A festive pause before another break higher?
Watch levels: Bullish 11490, Bearish 11450
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 uptrend is being hampered at 19940 by Tues falling highs. Back to 19900 before a bounce and breakout for a fresh challenge on the magic 20,000 mark?
Watch levels: Bullish 19945, Bearish 19920
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 moving into $1130 apex of 10-day narrowing pattern. Will it break higher of lower?
Watch levels: Bullish $1133, Bearish $1128
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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