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Equity markets are recovering slowly this morning with the UK Index back from an earlier foray towards all-time highs. European equities are mildly happy on Greek assurances while US markets are recovering after a turbulent couple of days – will they? Won’t they? Gold is moving sideways into the weekend, investors following cues from the US Fed.
UK 100 is taking very slow stroll northwards this morning, little progress made since the open when it looked as if 7000 was in sight. Holding up around recent all-time highs, however, with a bullish ascending triangle in formation. Will it propel the index higher before the weekend?
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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Germany’s DAX still trudging upwards although some way off now from its own all-time highs and back below 12000, which looks to be resistance today.
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 US Dow Jones is wandering upwards, taking the scenic route as it does so beneath rising resistance from 11-March.
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 still falling although back in the upper half of its March channel. Sideways into the weekend?
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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