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Equity markets are mildly red this morning. Investors likely wary of entering positions into the weekend after what happened last and with Tuesday’s mass exodus from the Dow into the close indicating severe nervousness as regards the holding of stocks overnight. Low volume across the board to be expected today, then, with an uptick in selling probable this afternoon between 4 and half past.
Gold is staying buoyant with those invested loathe to move out before the weekend – seeing through some positive macro data to what lies behind: ongoing concerns about China’s economy and government meddling in its currency.
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UK 100 now testing 6200 resistance after a successful breach of the 6100 level yesterday as the index moved out of the bullish triangle pattern.
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Possible support
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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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Germany’s DAX is struggling to better 10400 this morning with the index back around 10200. 4-day rising lows providing additional support.
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Possible support
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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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US Dow Jones futures treading water having breached resistance 16500, wrestling 16600 now with rising lows having the potential to give the index a helping hand – in the absence of a Friday afternoon selloff.
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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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Gold’s remaining buoyant into Friday’s session, testing $1130 resistance after recovering from yesterday’s lows $1125.
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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