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Equities are off their best levels after a positive start, in spite of pretty solid macro data (Eurozone PMI Services, Spanish Unemployment), but are at least holding their ground and the solid start to 2017. Oil has found its feet following yesterday’s dollar-sell-off as hopes are revived of tighter supply via OPEC-led fresh production cuts whilst metals prices regain some poise. Retailers are dragging the UK Index lower after a Next profits warning, fighting strength among Healthcare and Housebuilders. Weakness in Autos and a EUR off its worst levels are hindering the DAX.
The UK 100 is holding 7170 support at the ceiling of the prior rising channel. Bounce? The DAX 30 has bounced from 11550, but can it regain 11600? Dow Jones Futures are rebounding towards 19900 (and 20,000?) after yesterday’s test of 19,800. Gold is making an upside testing of $1165 which could open the door for a return to $1195.
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The UK 100 is holding 7170 support at the ceiling of the prior rising channel. Bounce back towards 7200?
Watch levels: Bullish 7185, Bearish 7165
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 has bounced from 11550, but can it regain 11600?
Watch levels: Bullish 11585, Bearish 11545
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 rebounding towards 19,900 (and 20,000?) after yesterday’s test of 19,800.
Watch levels: Bullish 19905, Bearish 19870
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 making an upside testing of $1165 which could open the door for a return to $1195.
Watch levels: Bullish $1169, Bearish $1162
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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