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Equities are holding their ground this morning buoyed by an overnight surge on Wall St that extended the Trump rally, coupled with optimism the ECB will (within the next 2 hrs) keep the easy policy gravy train rolling that little bit longer and hopes that Italy’s undercapitalised and teetering banking sector will get another reprieve until the new year. The UK Index is being driven by a mix of healthcare, materials and defensives, whilst being held back largely by financials.
The UK 100 is doing its best to hold above 6900 after a pullback from overnight highs. The DAX 30 has broken below December rising support at 11020 but remains above the key 11000 level. Dow Jones Futures are sideways 19500-550 after yesterday’s northerly surge to fresh all-time highs. Gold is readying for a break from a narrowing pattern at $1176.
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The UK 100 is doing its best to hold above 6900 after a pullback from overnight highs. A break above 6920 could allow the December bounce and Santa rally to continue.
Watch levels: Bullish 6920, Bearish 6885
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 broken below December rising support at 11020 but remains above the key 11000 level. Breather before the recent rally continues?
Watch levels: Bullish 11050, Bearish 10990
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 sideways 19500-550 after yesterday’s northerly surge to fresh all-time highs. Merely waiting for the next leg up?
Watch levels: Bullish 19555, Bearish 19490
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 readying for a break from a narrowing pattern at $1176. But will it be north or south?
Watch levels: Bullish $1179, Bearish $1173
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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