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Equities have made a poor start to the week despite a non-OPEC Oil production cut pledge that bolsters OPEC’s own key promise, designed to maintain an oil price recovery. A lack of Monte Dei Paschi rescue over the weekend has dampened sentiment somewhat, leaving the bank and troubled peers as an outstanding risk issue. In the run-up to a priced-in US rate hike on Wednesday, the real focus now is on the Fed’s policy normalisation outlook in light of Trump’s election.
The UK 100 is already testing December rising lows at 6950. Breakdown or bounce? The DAX 30 has broken below rising support at 11275. Support at 11140? Dow Jones Futures are back from Friday’s fresh record highs, testing overnight lows at 19765. Gold at $1155 is extending its month-long falling channel.
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The UK 100 is already testing December rising lows at 6950. Breakdown or bounce?
Watch levels: Bullish 6985, Bearish 6925
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 broken below rising support at 11275. Support at 11140? Note RSI oversold.
Watch levels: Bullish 11210, Bearish 11150
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 Friday’s fresh record highs, testing overnight lows at 19765. Back to rising support at 19700?
Watch levels: Bullish 19775, Bearish 19745
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 at $1155 is extending its month-long falling channel. RSI stuck oversold is bearish.
Watch levels: Bullish $1157, Bearish $1150
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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