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Equities mixed this morning with event-risk fatigue (US election debate, ECB, China GDP) looking set to mean a quiet end to the week. UK’s UK 100 only outperforming thanks to M&A in Tobacco, otherwise it’s a mix of both defensives and high beta book-ending the index in terms of drivers. Certain Miners are posting gains in spite of USD strength (EUR weakness helping DAX) hampering metals, perhaps thanks to oil regaining its footing after yesterday’s sharp declines. Plenty of interest in the many major corporates scheduled to report next week.
The UK Index 100 is holding its 5-week uptrend, well above 7000, itching for a test of 7050 resistance. The DAX 30 sits just above 10700 after yesterday’s breakout. Platform for next up-leg? Dow Jones Futures are back around 4-day lows of 18115, deciding whether to break lower or rebound. Gold has found support at Tuesday’s $1260 breakout level, which could help keep its October rebound alive.
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The UK 100 is holding its 5-week uptrend, well above 7000, itching for a test of 7050 resistance. Bullish ascending triangle pattern?
Watch levels: Bullish 7055, Bearish 7010
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 sits just above 10700 after yesterday’s breakout beyond 14-month falling highs. Sustainable? Platform for next up-leg?
Watch levels: Bullish 10740, Bearish 10670
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 are back around 4-day lows of 18115, deciding whether to break lower or rebound to the floor or ceiling of its longer-term narrowing trend.
Watch levels: Bullish 18165, 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 has found support at Tuesday’s $1260 breakout level, which could help keep its October rebound alive.
Watch levels: Bullish $1266, Bearish $1259
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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