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Equity markets are flat this morning.
UK 100 is taking a break below falling highs, DAX is also flat following yesterday’s full retracement of Tuesday’s gain, Wall St is trading near support 17600 and Gold is sideways.
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UK 100 is at the floor of a rising channel. It’s not so much about what may happen today, more so what could happen on Monday. Are traders getting ready for a technical bounce to kick off 2016?
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 sideways into New year’s Eve, in a tight range.
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 also range bound, with support at prior resistance while recent breakout beneath a 10-day rising wedge is a concern heading into next week.
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 back within its week-long falling channel while testing intersecting overnight 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.
Click here for help with Support & Resistance Click here for help with technicals
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