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Equities look set to end this week on a downer, as geopolitical uncertainty regarding North Korea shakes volatility from its 2017 slumber. This has taken equities from recent highs, dragging metals and oil with them, the preference for safe havens sending Gold & Silver to 2-month highs and reviving interest in bonds.
The UK UK 100 underperforms, most impacted by losses among risk assets including Oil Majors, Miners, Financials/Banks, but also Pharma, Telecoms and select defensives such as Tobacco. Gains for consumer staples (ULVR +RB) offer little help. Germany’s DAX is also being weighed down by risk assets (Financials, industry) but outperforms the UK Index thanks to gains for Healthcare and Consumer.
The UK Index 100 has broken below 7350 to flirting with 7300 2-month lows. The DAX 30 has bounced from 11935, but has yet to break back above 12000. Dow Jones Futures are testing support just above 21800. Gold is edging back from overnight highs. Bearish double top back to $1279?
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The UK Index 100 has broken below 7350 to flirting with 7300 2-month lows. RSI oversold.
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 has bounced from 11935, but has yet to break back above 12000
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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Dow Jones Futures are testing support just above 21800. RSI now oversold
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 edging back from overnight highs. Bearish double top? back to $1279?
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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