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Equities are pointing north again today, buoyed by Fed rate hike uncertainty taking the USD from its highs. This, along with positive UK inflation data, is is helping materials prices – notably Brent Crude oil holding above $51 – and thus Energy/Miners, as well as financials and a selection of big internationally-focused and high-yielding defensives. Markets appear optimistic going into risk events including tonight’s China GDP growth update, Wednesday’s final Trump vs Clinton debate and Thursday’s ECB policy decision. Note the GBP regaining poise versus USD after last week’s ‘mare.
The UK Index 100 is back above 7000, building on its bounce from 6950 to maintain the post-Brexit uptrend. Back to the highs? The DAX 30 is in the midst of a bullish flag back to its 2-month ceiling at 10675. Can it finally break higher? Dow Jones Futures have rallied back to the mid-point of their 17950-18350 narrowing range. Gold is adding to its rebound from $1250. Potential for triple-bottom back to $1280.
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The UK 100 is back above 7000, building on its bounce from 6950 to maintain the post-Brexit uptrend. Back to the highs?
Watch levels: Bullish 7030, Bearish 6995
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 in the midst of a bullish flag back to its 2-month ceiling at 10675. Can it finally break higher?
Watch levels: Bullish 10690, Bearish 10585
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 rallied back to the mid-point of their 17950-18350 narrowing range
Watch levels: Bullish 18180, Bearish 18150
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 adding to its rebound from $1250. Falling highs overcome. Potential for triple-bottom back to $1280.
Watch levels: Bullish $1266, Bearish $1258
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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