FTSE 100, DAX 40 and S&P 500 mixed ahead of US CPI print
FTSE 100, DAX 40 and S&P 500 mixed ahead of widely anticipated US November CPI data release.
FTSE 100 rises again
The FTSE 100 has come off its six-week high at 8,389 and slid to a three-week low at 8,235 by revisiting the 55-day simple moving average (SMA) which together with the November-to-December uptrend line offers support. Were this support zone to give way, the 200-day SMA at 8,182 would be back in the picture.
Minor resistance can now be spotted around the 8,304 early November low.
DAX 40 consolidates
The German DAX 40 consolidates further below Monday’s 20,476 record high, made close to the psychological 20,500 mark.
Minor support can now be seen around Tuesday’s 20,260 low and further support around last Wednesday’s 20,264 high and Thursday’s 20,197 low. More significant support can be found around the psychological 20,000 mark ahead of the October peak at 19,683.
S&P 500 probes wedge support line
The S&P 500 consolidates below last week’s 6,099 record high and nears its multi-month long wedge formation support line at 6,028 ahead of the widely awaited US November consumer price index (CPI) print. Were it to be fallen through, the psychological 6,000 mark would be back in sight.
A rise above last week’s high at 6,099 would engage the July-to-December resistance line at 6,122.
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