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​​​FTSE 100 consolidates while DAX 40 slips and NASDAQ 100 loses volatility​​

​​​​FTSE 100 consolidates while DAX 40 slips and NASDAQ 100 loses volatility​​ ahead of the US Thanksgiving holiday.​

Trading charts Source: Adobe images

​​​FTSE 100 consolidates

​The FTSE 100 is gradually slipping from this week’s 8,319 high but seems to be supported by the 55-day simple moving average (SMA) at 8231.

​Resistance above Monday’s 8319 intraday high can be seen between the 8326 to 8372 mid-September, early and late October highs. This area is expected to once again cap.

​Good potential support below the 55-day SMA at 8231 sits between the September to early October lows at 8196 to 8153.

​​​FTSE 100 daily chart

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​DAX 40 slips

​The German DAX 40 index continues to come off Monday’s 19,469 high as the threat of Trump tariffs hangs over the German automobile industry. The 55-day SMA at 19,196 may act as support ahead of the major 19,004 to 18,810 support zone. It consists of the late September-to-November lows and is the line in the sand for the medium-term trend.

​Resistance above the 14 November high at 19,308 is seen along the October to November downtrend line at 19,341.

​DAX 40 daily chart

DAX 40 chart Source: IT-Finance.com
DAX 40 chart Source: IT-Finance.com

​NASDAQ 100 side-lined ahead of Thanksgiving

​The NASDAQ 100 is experiencing a loss of volatility ahead of the Thanksgiving holiday with Monday’s high at 21,003 acting as the first resistance marker. If overcome, the current November record high at 21,233 would be in focus.

​Minor support can be seen around the 19 to 20 November highs at 20,744 to 20,753. If slipped through, the August-to-November uptrend line at 20,530 may be revisited.

​NASDAQ 100 daily chart

NASDAQ 100 chart Source: IT-Finance.com
NASDAQ 100 chart Source: IT-Finance.com

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