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Equities markets are in the red this morning despite that overnight China stimulus boon, and volatile on festive trade volumes and the perceived ‘fragility of the Eurozone periphery’ as played out by Spain, whose general election result leaves the country without a majority supported government and with the hard task of making that work. Greece 2.0?
UK 100 is little changed from today’s open, Wall St. futures are consolidating following a circa 150pt rally in yesterday’s session, DAX has very recently given up 100pts and Gold has picked up support around $1077.
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UK 100 – While the mid-Dec uptrend just about remains in play, note a breakdown out of the recent narrowing pattern.
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 is suffering a similar fate to the UK Index with its own breach of rising support.
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 futures are retracing yesterday’s gains beneath rising support-turned-resistance. the sideways channel remains in play, however.
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 is simply range bound this morning.
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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