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Equity indices are very mixed this morning. The UK’s UK Index is on the back foot from lower oil prices (another leg down for crude), financials still under pressure (dovish Carney), sector rotation in Healthcare (Shire drug approval), profits taking from international exposure and Sterling off its lows (lower public borrowing + hawkish BoE comment). Germany’s DAX underperforms on account of EUR strength (USD off highs) led lower by a mix of financials, consumer, health and airlines. Note France’s CAC even weaker after Macron allies resign amid scandal. The US Dow Jones is called only a touch higher this afternoon.
The UK Index 100 is testing overnight lows after GBP spikes on hawkish BoE member comment. The DAX 30 decline has found support at 12710. Dow Jones Futures have bounced to test 21480 overnight highs. Gold has broken out from a bullish falling wedge
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The UK Index 100 is testing overnight lows after GBP spikes on hawkish BoE member comment
Watch levels: Bullish 7470, Bearish 7440
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 decline has found support at 12710
Watch levels: Bullish 12750, Bearish 12700
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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Dow Jones Futures have bounced to test 21480 overnight highs.
Watch levels: Bullish 21,490; Bearish 21,450
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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Gold has broken out from a bullish falling wedge. Note RSI back from oversold.
Watch levels: Bullish $1250; Bearish $1244
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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