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Equity markets are once again mixed in thin market trading, with the UK’s UK Index edging back from fresh intraday highs at the open and Germany’s DAX weaker as the US dollar retreats, while US futures are pointing to a positive open this afternoon. Most notably, US dollar weakness has inspired a fresh multiyear high for global growth barometer Copper, keeping the UK Index around record levels despite the falling greenback’s negative impact on the index’s plethora of internationally exposed names.
The UK UK Index has pulled back from fresh intraday highs, however remains marginally positive thanks to further advances for the heavily weighted Mining sector (RIO, GLEN, BLT, AAL), while AZN, DGE, NG. and AV. also offer support. At the other end, BT and BATS both weigh after going ex-div, while the two largest-weighted stocks on the index, Shell and HSBC, also drag with marginal losses. Germany’s DAX sees losses across the majority of sectors, with HeidelbergCement and Fresenius being the only risers of note.
The UK Index 100 is mounting a fresh charge on 7636 highs after a channel breakout. The DAX 30 is narrowing further between 13030-13060. Dow Jones Futures are testing resistance at 24810. The Gold rally has accelerated, fast approaching the $1300 mark.
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The UK Index 100 is mounting a fresh charge on 7636 highs after a channel breakout.
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 narrowing further between 13030-13060.
Watch levels: Bullish 13,065; Bearish 13,030
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 testing resistance at 24810.
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
The Gold rally has accelerated, fast approaching the $1300 mark.
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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