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Equity markets in the red this morning in the face of a broad fixed income sell off, with UK 100 DAX30 shrugging off what should have been encouraging news about an imminent Greek bailout deal that, if reached, would mean Athens can make its next IMF payment without further economic aid. Robust macro data from the US failing to effectively counter Eurozone unease as Wall St. futures tank while Gold back below $1190 with a Dollar Basket bounce off support capping dollar-denominated safe-haven and commodity price gains.
UK 100 selling off heavily having given up pre-open futures gains. Now in a 1-month, 190pt trading range with nowt but Greece on the minds of investors.
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Possible support
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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 has broken below 3-week rising support with the trend line now acting as resistance.
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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US Dow Jones is languishing around 17975 support with opposing economic drivers keeping things steady for the time being. Potential for re-dress of balance in the coming hours, or days.
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 demand up on Eurozone uncertainty yet muted by a strong dollar basket. Basically sideways, $1200 remains in sight as the yellow metal crawls upwards along 3-week rising support. Expect spikes along the way.
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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