This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Equities are pretty flat this morning during the lull between what was always destined to be a slightly less fiery third and final US presidential debate overnight (shots fired across both bows nonetheless) and the ECB’s policy update press conference this afternoon. Major indices are holding ground around recent highs, assuming Clinton will ultimately trump her adversary, all the while waiting for the next stimulus tweak from a major central bank. USD strength hindering metals but Oil happy to run with production cut optimism.
The UK Index 100 back from 3-day highs but holding above 7000 and with rising support. The DAX 30 is back from 10695 highs, holding its week-long uptrend at 10660. But is negative divergence a worry? Dow Jones Futures are sideways at 18225 in what could prove a bullish flag or bearish double top. Gold has eased from its breakout highs due to a stronger USD and less Trump fear. Uptrend still valid to allow bullish triple-bottom to complete at $1280.
Click below to expand sections
The UK 100 back from 3-day highs but holding above 7000 and with rising support. Bullish ascending triangle? Breakout and another rally back to challenge the highs?
Watch levels: Bullish 7040, Bearish 6990
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
The DAX 30 is back from 10695 highs, holding its week-long uptrend at 10660. But is negative divergence between price and RSI a worry? Breakdown from bearish rising wedge on the cards?
Watch levels: Bullish 10705, Bearish 10635
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 sideways at 18225 in what could prove a bullish flag breakout to 18350 or bearish double top back to 18150.
Watch levels: Bullish 18260, Bearish 18195
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 eased from its breakout highs due to a stronger USD and less Trump fear. Uptrend still valid to allow bullish triple-bottom to complete at $1280.
Watch levels: Bullish $1271, Bearish $1266
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
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research