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Equity markets are mixed this morning with the UK’s UK Index the standout performer, trying for a bounce from recent lows ahead of a 10am High Court ruling on triggering Article 50 and the bank of England’s latest policy update at midday. Positive drug news for Shire and a weaker USD is helping internationals as Banks and Supermarkets see renewed interest and oil prices off their lows help BP and Shell. US Election uncertainty remains strong as the countdown to a new President begins. A weaker USD is hindering the German DAX via reciprocal EUR strength that hurts its exporters. Safehaven metals off their recent rally highs.
The UK 100 is trying to build on its bullish break from this week’s downtrend. Can it better overnight highs of 6860?The DAX 30 has found support around 10350 but remains hindered by a stronger EUR. Uptrend to resume? Dow Jones Futures remain above September lows of 17900 ahead of the Election. Bullish Bounce or breakdown from bearish triangle? Gold has sold back from $1305 but could resume its uptrend via support at $1290 from the prior channel ceiling.
The UK 100 is trying to build on its bullish break from this week’s downtrend. Can it better overnight highs of 6860?
Watch levels: Bullish 6870, Bearish 6815
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 found support around 10350 but remains hindered by a stronger EUR. Uptrend to resume?
Watch levels: Bullish 10390, Bearish 10320
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 remain above September lows of 17900 ahead of the Election. Bullish Bounce or breakdown from bearish triangle? RSI oversold.
Watch levels: Bullish 18005, Bearish 17920
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 sold back from $1305 but could resume its uptrend via support at $1290 from the prior channel ceiling.
Watch levels: Bullish $1298, Bearish $1289
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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