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Equities have made a very mixed start to the news week, the UK UK Index essentially flat, holding Friday’s breakout, but Germany’s DAX losing ground due to M&A. A waning of Friday’s USD bounce is also hindering sentiment by way of fresh reciprocal GBP and EUR strength.
The UK UK 100 is being supported by Miners (higher metals prices, especially iron ore), DGE (extending rally) and BP (weaker USD, Oil off lows). Dragging on the index are GSK, IMB, BATS and RB as investors shun defensives and PPB on news of a change at the top. Germany’s DAX is lower due to Fresenius Medical acquiring NxStage Medical for $2bn.
The UK Index 100 has eased back from its 7540 breakout highs. The DAX 30 have pulled back below 12300. New channel? Dow Jones Futures remain above 22100, in a rising channel. Gold’s bounce from $1255 late July low is waning.
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The UK Index 100 has eased back from its 7540 breakout highs. Bounce or breach?
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 have pulled back below 12300. New channel?
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 remain above 22100, in a rising channel
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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Gold bounce from $1255 late July low is waning. Bearish flag?
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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