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Equities are nicely positive this morning, trying to maintain their uptrends from this week’s lows despite uncertainty about what is on the way in terms of monetary policy updates from a host of central banks over the next 5 sessions. While USD is normally a hindrance, positives noises from the commodity space are nonetheless serving to buoy market sentiment via a mild oil price bounce after revived supply glut jitters and a Copper breakout potentially offering an early bullish signal for other base metals and global growth.
The UK 100 has broken this week’s trend of falling highs to trade back above 6700. The DAX 30 is at the 10400 apex of its week-long narrowing pattern. Will it break higher or lower? Dow Jones futures have made a bullish break from yesterday’s downtrend to resume this week’s uptrend at 18080. Gold has bounced off $1315 to maintain the 2016 uptrend. Upside potential to $1345?
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The UK 100 has broken this week’s trend of falling highs to trade back above 6700. Can it regain Monday’s, even Friday’s 6860 highs?
Watch levels: Bullish 6725, Bearish 6665
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 is at the 10400 apex of its week-long narrowing pattern. Will it break higher or lower?
Watch levels: Bullish 10450, Bearish 10375
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 have made a bullish break from yesterday’s downtrend to resume this week’s uptrend at 18080. Onwards and upwards? Or a break downwards?
Watch levels: Bullish 18110, Bearish 18070
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 has bounced off $1315 to maintain the 2016 uptrend. Upside potential to $1345?
Watch levels: Bullish $1325, Bearish $1319
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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