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Equities are mixed this morning, the UK’s UK Index trying to make headway from support but hindered by overnight highs. A mix of stocks are again bookending the index in terms of drivers, defensives and Miners helping while healthcare and domestic banks hinder. A USD Basket off its highs, helping EUR/USD hold up, is hampering DAX exporters, while banks pull the index into the red. Wall St futures are flat as a pancake. While we talked of looming political uncertainty in Europe yesterday, oil minister comment shenanigans have returned to keep us on our toes amid the run-in to OPEC’s end-month meeting in Vienna. Fed chair Yellen also speaks later.
The UK 100 trades a tight 6750-6780 range, between rising support and overnight highs. Breakout or breakdown? The DAX 30 is testing yesterday’s lows of 10605. Bounce or breach? Dow Jones Futures are at the apex of a narrowing pattern at 18870. Bullish continuation pattern to continue post-election rally? Gold is having attempt at recent $1231 resistance. Bullish reversal possible if we break out to $1235.
The UK 100 trades a tight 6750-6780 range, between rising support and overnight highs. Breakout or breakdown?
Watch levels: Bullish 6785, Bearish 6730
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 testing yesterday’s lows of 10605. Bounce or breach?
Watch levels: Bullish 10650, Bearish 10590
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
Dow Jones Futures are at the apex of a narrowing pattern at 18870. Bullish continuation pattern to continue post-election rally? 18800 holding up well so far.
Watch levels: Bullish 18905, Bearish 18850
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 having attempt at recent $1231 resistance. Bullish reversal via an ascending triangle bottom pattern is possible if it can break out to $1235.
Watch levels: Bullish $1235, Bearish $1224
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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