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Equities have reversed a strong start and decent overnight bounce. This comes as initial relief that Donald made hard work of his first presidential debate against Hillary is eclipsed by, 1) intensifying fears about Deutsche Bank (and sector peers and Chancellor Merkel and the Eurozone); 2) the US government pondering how big a fine it can pin on VW without bankrupting it for dieselgate and, 3) oil remaining volatile as we get snippets from the OPEC-led Algiers meeting.
The UK 100 has made a full retrace of its overnight bounce. Currently testing 6800 lows. The DAX 30 is down but not out, still holding above its trendline of 2-month rising support at 10275. Dow Jones Futures have turned back from 18225 intersecting resistance but have yet to re-test September rising lows at 18050. Gold is holding its recent bounce to trade $1335-1340.
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The UK 100 ‘s has made a full retrace of its overnight bounce. Currently testing 6800 lows.
Watch levels: Bullish 6810, Bearish 6790
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 down but not out, still holding above its trendline of 2-month rising support at 10275.
Watch levels: Bullish 10335, Bearish 10270
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 turned back from 18225 intersecting resistance but have yet to re-test September rising lows at 18050. Daily RSI showing negative divergence with price. Bearish?
Watch levels: Bullish 18140, Bearish 18100
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 holding its recent bounce to trade $1335-1340.
Watch levels: Bullish $1338.5, Bearish $1333.5
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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