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Equity indices are nursing losses as sentiment remains under the cosh from political uncertainty (Trump, Brexit, Middle East) and Oil having taken another leg south to plumb 10-month lows on revived supply glut fears.
The UK’s UK Index is being weighed down by Oil, Banks (uncertain outlook on growth and rates), Miners and FX sensitive internationals, overpowering strength within Healthcare (SHP approval, GSK legal) and precious metals miners (FRES, RRS) as the safe havens rally on reduced risk appetite. Germany’s DAX is only mildly lower, with gains for Thyssenkrupp and Merck offsetting losses for Deutsche Bank and Deutsche Telekom.
The UK Index 100 bounce is struggling to get back above 7420. The DAX 30 has bounced from support at 12720. Dow Jones Futures have found support at 21390 to keep the uptrend alive. Gold’s bounce has found a hurdle in $1255.
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The UK Index 100 is struggling to get back above 7420. Hourly RSI stuck in lower half = bearish. Bearish flag?
Watch levels: Bullish 7420, Bearish 7400
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 has bounced from support at 12720.
Watch levels: Bullish 12770, Bearish 12750
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 found support at 21390 to keep the uptrend alive.
Watch levels: Bullish 21,425; Bearish 21,390
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 bounce has found a hurdle in $1255 to keep the June downtrend alive.
Watch levels: Bullish $1255; Bearish $1250
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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