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Equities are mixed again at the half way point, Wall St futures pointing to extension of its record rally into a long US weekend, while the UK Index nudges fresh highs but slowed up by Jan rising resistance. Germany’s DAX underperforms on EUR strength, derived from hawkish ECB minutes yesterday and ‘progress‘ with German coalition talks this morning.
The UK UK Index is being driven north by GKN (takeover offer), GSK (extending bounce), BLT (China data, extends Dec rally), BT and SMIN (US tax benefit, breakout) fighting against a drag from BATS/ULVR (stronger GBP) and HSBC/BARC (more appetite for LLOY and RBS following bullish breakouts).
Germany’s DAX is held back by losses for CBK/DBK (consolidation talk?), HEI/BEI (stronger EUR), overpowering gains for Pro, Adidas (Kering sells Puma stake), Autos (BMW Dec. sales rise/VW China exports) and ThyssenKrupp.
The UK Index 100 has been slowed up by rising highs resistance at 7785. The DAX 30 is struggling with falling highs resistance at 13240. Dow Jones Futures are showing appetite to break above 25700. Gold is close to testing late Sept ember highs of $1335.
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The UK Index 100 has been slowed up by rising highs resistance at 7785
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 is struggling with falling highs resistance at 13240
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 showing appetite to break above 25700.
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 is close to testing late Sept ember highs of $1335.
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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