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Equities are in the red mid-morning, sentiment dented by fresh USD weakness as even a ‘skinny’ US healthcare repeal bill fails in the Senate, delivering more unwelcome GBP and EUR strength. And whilst it may be a quieter day for earnings, investors are still having to digest a mixed ahead of US Q2 GDP this afternoon.
The UK UK 100 is underwater due to Banks (BARC results, more PPI, HSBC results Monday), Healthcare (SHP & GSK pullback), Telecoms (BT results) and Miners (Copper price pullback). Representing only minimal positivity are both DGE & RDSB basking in the glow of yesterday’s results, AZN bouncing from its Mystic lows and investors favouring defensive names (BATS, SSE). Germany’s DAX is back at 3-month lows on widespread weakness, especially industrials and autos which can’t be offset by Adidas (+8% on results) and a flat day for Banks (DBK, CBK).
The UK Index 100 has bounced off 3-week rising support at 7380. The DAX 30 has fallen back to test 12-month rising support and its 200-day MA. Dow Jones Futures are back from their new 21800 record, but hold their rising channel. Gold has found resistance from 12-month falling highs resistance at $1265.
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The UK Index 100 has bounced off 3-week rising support at 7380.
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 fallen back to test 12-month rising support and its 200-day moving average.
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 from their new 21800 record, but hold their rising channel.
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’s has found resistance from 12-month falling highs resistance at $1265.
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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