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Equities are mixed, the UK Index in the red on continued oil price volatility and metals prices pulling back from highs while Germany’s DAX and Wall St bounce back from yesterday’s losses. Investors nerves are nonetheless frayed by OPEC member bipolarism (optimism one minute, pessimism the next), coupled with weekend political risk in the form of Austro-Italian votes that could have far reaching ramifications across the troubled region and add to an existing tally of populist discontent in the wake of Brexit and Trump.
The UK 100 remains under significant pressure having breached the 6770 lows of yesterday. The DAX 30 is trying to break back higher at 10600 following yesterday’s breakdown. Dow Jones Futures are sideways in a 19080-19140 range. Break higher or lower? Gold has found rising support at $1185, trying to engineer a run back to $1200 but still under significant pressure.
The UK 100 remains under significant downside pressure having breached the 6770 lows of yesterday and failed overnight to regain 6800.
Watch levels: Bullish 6785, Bearish 6745
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 trying to break back higher at 10600 following yesterday’s breakdown from a 2-week sideways range.
Watch levels: Bullish 10630, Bearish 10575
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 Dow Jones Futures are sideways in a 19080-19140 range. Break higher or lower?
Watch levels: Bullish 19145, Bearish 19095
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 has found rising support at $1185, trying to engineer a run back to $1200 but still under significant pressure.
Watch levels: Bullish $1189, Bearish $1184
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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