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Equities are mixed this morning, Germany’s DAX underperforming a flat UK Index and Wall St as weakness in Autos (supplier profits warning) and a strong EUR (USD weak, draghi hawkish) weigh on the continental index.
The UK UK Index , by contrast, is flat thanks to oil majors (oil bounce), Banks (central bank hawkishness) and Miners (China industrial profits growth + comments from Prime Minister Li). Hindering the index, however, is Healthcare (US healthcare bill scepticism) and a mix of US exposed and defensives which are hindered by persistent GBP strength vs USD.
The UK Index 100 has bounced back to flat at 7440, consolidating further. The DAX 30 has rebounded above 12700. Dow Jones Futures are back above 21400, the June uptrend intact. Gold’s bounce has slowed up around falling highs resistance at $1253.
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The UK Index 100 has bounced back to flat at 7440, consolidating further
Watch levels: Bullish 7450, Bearish 7430
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 rebounded above 12700 to keep it sideways
Watch levels: Bullish 12730, 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 are back above 21400, the June uptrend intact
Watch levels: Bullish 21,420; Bearish 21,380
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 bounce has slowed up around falling highs resistance at $1253.
Watch levels: Bullish $1255; Bearish $1249
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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