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Markets are still showing signs of recovery this morning, although tensions across the Middle East and Ukraine still dominate the headlines. The US Q2 Earnings season is still delivering and the UK has so far produced mixed results with the big players beginning to release their latest earnings figures.
The UK’s UK 100 is trading flat this morning higher after retail sales disappointed. Yesterdays high of 6824 showed signs that the UK 100 still has some legs, however, a pull back this morning has seen it dip back below 6800. A break back up above 6800 could see a move back towards early July levels of 6875.
Germany’s DAX is continuing its long term uptrend still, however, in the shorter term we see lower highs being made with resistance seen at 9800 and 9870. A break of both these levels could see another push forward towards 10000.
The US Dow Jones still remains very close to its all-time highs, after the S&P 500 recorded another all-time high overnight on strong company earnings from the tech giants. The DOW is continuing to push up from February’s uptrend, with last weeks all-time highs very much in reach.
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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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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
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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