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Equities are mixed with Germany’s DAX the standout underperformer, losing ground amid a slightly stronger EUR. The UK UK Index outperforms thanks to a weaker GBP vs USD and higher Brent Crude oil prices after a North Sea supply shutdown. US equities are called a shade lower after fresh highs last night, in the run-up to central bank updates (Fed, ECB, BoE), overshadowing a Tech rebound and Energy sector strength.
The UK UK Index is higher thanks to RDSB/BP (North sea pipeline shutdown), AZN/GSK/BT (bullish reversal), BATS (weaker GBP/defensive), VOD (testing major resistance) and EXPN. Holding the index back from a breakout are HSBC/PRU/STAN (profit taking) and GLEN/RIO (1-month falling highs resistance). Germany’s DAX underperforms due to losses for Lufthansa, Siemens and Volkswagen, on account of EUR strength, eclipsing gains for Utilities (RWE, E.ON), both listings of Fresenius, SAP and ThyssenKrupp.
The UK Index 100 is making another upside test of 7475. The DAX 30 could be in a new bullish flag at 13100. Dow Jones Futures sit in a rising channel now safely above 24390. Gold’s bounce has already met Dec falling resistance at $1245.
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The UK Index 100 is making another upside test of 7475
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Possible support
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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 could be in a new bullish flag at 13100 that helps it back to 13500
Watch levels: Bullish 13,150; Bearish 13,110
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 sit in a rising channel now safely above 24390. Back to record highs?
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 already met Dec falling resistance at $1245.
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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