DowJones balancing geopolitics and rising bond yields The Dow Jones traded cautiously on Tuesday as investors balanced tentative signs of progress in Middle East ceasefire talks against continued geopolitical tensions and rising bond yields. While reports suggested mediators had proposed a 10-day ceasefire between Iran and Israel, fresh threats from the Houthis and continued US strikes on Iran kept oil prices elevated, with Brent crude closing above $89 a barrel.
Higher Treasury yields also weighed on sentiment, with the 10-year yield climbing to its highest levels in weeks as investors reacted to signs of looser fiscal policy in the UK and persistent inflation concerns. Rising real yields continue to present a headwind for equities, particularly rate-sensitive sectors.
Today, attention turns to UK employment data, Germany's ZEW economic sentiment survey and the ECB's Bank Lending Survey, while earnings from General Motors, Capital One, Charles Schwab and Interactive Brokers will provide fresh insight into the health of the US consumer and financial markets. The Dow Jones remains caught between resilient corporate earnings and macroeconomic headwinds from higher yields and geopolitical uncertainty.
Key Support and Resistance Levels
Resistance Level 1: 52470
Resistance Level 2: 52650
Resistance Level 3: 52850
Support Level 1: 51733
Support Level 2: 51570
Support Level 3: 61370
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
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The Day Ahead Today's focus is on the UK labour market, European economic sentiment, and another busy day of earnings.
UK employment data, including wages, unemployment and jobless claims, will be closely watched for clues on the Bank of England's next interest rate move. In Europe, the German and Eurozone ZEW surveys will provide an early indication of business confidence, while the ECB's Bank Lending Survey will offer insight into credit conditions across the region. In the US, the Philadelphia Fed non-manufacturing survey will provide another read on the strength of the services sector.
On the earnings front, investors will focus on results from General Motors, Capital One, Charles Schwab, Interactive Brokers and Danaher. Together, these companies will provide valuable insight into the health of the US consumer, financial markets, industrial demand and healthcare spending. Results from Novartis, MSCI, EQT and Halliburton will also be monitored for updates on pharmaceuticals, investment flows and energy markets.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
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NSDQ100 - further volatility ahead? The NASDAQ 100 is under renewed pressure as investors continue to rotate out of AI and large-cap technology stocks, extending the recent correction. The index is expected to open lower after the S&P 500 fell 0.51% yesterday, with US futures pointing to further weakness. The sell-off has spread across global markets, with Japan's Nikkei plunging 4.8%, while Chinese equities have also posted heavy losses, reflecting a broad deterioration in risk sentiment.
The weakness has been driven by a combination of disappointing technology earnings and renewed concerns over inflation. TSMC is trading sharply lower after guiding for higher-than-expected capital expenditure, raising questions about near-term profitability despite continued AI demand. Meanwhile, Netflix dropped almost 9% in after-hours trading after earnings failed to impress, adding further pressure to the technology sector.
Macro concerns are also resurfacing. Brent crude has climbed above $85 per barrel, reviving fears that higher energy prices could keep inflation elevated and delay future Federal Reserve rate cuts. This has weighed particularly heavily on growth stocks, which remain sensitive to higher interest rate expectations.
Another notable development has been the continued weakness in gold, which has fallen below $4,000/oz for the first time this year. The decline suggests investors are reducing defensive positions as Treasury yields remain elevated and inflation expectations become more uncertain.
Today's economic calendar could provide further volatility. Traders will focus on US industrial production, housing starts, building permits, capacity utilisation and the preliminary University of Michigan consumer sentiment survey. Stronger-than-expected data could reinforce expectations that the Fed will keep policy restrictive for longer, potentially adding further pressure to the NASDAQ 100, while softer figures may provide some relief to technology stocks. Fed Vice Chair Jefferson's comments will also be closely monitored for any guidance on the outlook for interest rates.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Brent Crude Oil bullish continuation pattern supported at 8,130 Brent Crude Oil continues to trade within the broader prevailing trend, with recent price action showing signs of a breakout phase.
Key Level: 8,130
This area previously acted as a consolidation zone and is currently being monitored as a notable support level.
Scenario Above 8,130
If price remains above 8,130, market structure may continue to reflect near-term upside pressure. In this context, the following levels may act as reference resistance areas:
9,090 – Initial resistance
9.407 – Psychological and structural level
9,700 – Extended resistance on the longer-term chart
Scenario Below 8,130
A sustained move and daily close below 8,130 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the downside:
7,914 – Minor support
7,640 – Stronger support and potential demand zone
Conclusion
Brent Crude Oil remains above an important technical area, with 8,130 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent uptrend phase or transitions toward further downside continuation.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The Day Ahead Today's attention will be on a broad set of US economic releases, which should provide a fresh read on the strength of the manufacturing, housing and consumer sectors ahead of the Fed's July meeting. Industrial production, capacity utilisation and June housing starts will be closely watched for signs that higher interest rates are continuing to weigh on activity, while the University of Michigan consumer sentiment survey will also be monitored for inflation expectations. Import and export price data could offer additional insight into inflation pressures within global supply chains.
In Europe, investors will look at the ECB's May current account and Italy's current account balance for further evidence of the euro area's external position. In Canada, international securities transactions will provide another gauge of foreign demand for Canadian assets.
On the central bank front, Fed Governor Philip Jefferson will be the key speaker, with markets looking for any comments on the recent softer inflation data and the outlook for interest rates. ECB Executive Board member Piero Cipollone is also scheduled to speak.
Corporate earnings include results from Volvo, Sandvik, and Saab, offering further insight into demand across the industrial, mining equipment and defence sectors. Given their global exposure, their outlook statements may also provide useful signals on manufacturing activity, supply chains and European economic momentum.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BTCUSD Bearish continuation pattern capped at 66,690
BTCUSD continues to trade within the broader prevailing trend, with recent price action showing signs of a consolidation pullback phase.
Key Level: 66,690
This area previously acted as a consolidation zone and is currently being monitored as a notable resistance level.
Scenario Below 66,690
If price remains below 66,690, market structure may continue to reflect near-term downside pressure. In this context, the following levels may act as reference support areas:
61.950– Near-term support
61,050 – Intermediate support
59.950 – Broader support zone
Scenario Above 66,690
A sustained move and daily close above 66,690 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the upside:
67.400 – Initial resistance
68,680 – Higher resistance zone
Conclusion
BTCUSD remains near an important technical area, with 66,690 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent corrective phase or transitions toward further upside continuation.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
S&P500 - rate expectations and strong corporate earnings US equities extended their gains as softer-than-expected June producer inflation reinforced expectations that the Fed will remain on hold. A weaker PPI report, downward revisions to prior data, and benign PCE inflation components pushed Treasury yields lower, with the 2-year yield falling to 4.14% and the 10-year to 4.55%. Fed Chair Kevin Warsh reiterated the Fed's independence without signalling any policy shift, while Governor Cook maintained a cautious hawkish stance, saying further tightening remains possible if disinflation stalls.
The S&P 500 rose 0.38%, supported by easing rate expectations and strong corporate earnings, while the Nasdaq gained 0.62%. BlackRock surged after beating earnings estimates, although semiconductor stocks remained under pressure, with the Philadelphia Semiconductor Index falling 2.08%. TSMC delivered better-than-expected results and raised its sales outlook, but AI-related shares saw mixed performance as investors questioned the pace of hyperscaler spending and rotated into other sectors expected to benefit from AI investment.
Geopolitical risks remain elevated as renewed US strikes on Iran and attacks on Russian oil tankers kept Brent crude near $85 a barrel. Meanwhile, trade tensions resurfaced after the US announced tariffs on selected Brazilian imports, adding another source of uncertainty for investors. Overall, lower bond yields and resilient earnings continue to support the broader market, although elevated oil prices and geopolitical developments remain key risks for sentiment.
Key Support and Resistance Levels
Resistance Level 1: 7,600
Resistance Level 2: 7,632
Resistance Level 3: 7,688
Support Level 1: 7,470
Support Level 2: 7,425
Support Level 3: 7,364
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The Day Ahead The spotlight today is on the US June retail sales report, which will provide an important read on the strength of consumer spending following recent signs of a slowing economy. Markets will also watch the Philadelphia Fed manufacturing survey, weekly jobless claims, NAHB housing market index, and business inventories for further clues on growth momentum and the outlook for Fed policy.
In Europe, attention turns to the UK's May monthly GDP, offering an update on the pace of economic activity, while Eurozone and Italian trade balance figures will provide insight into external demand.
On the central bank front, investors will monitor remarks from Fed's Logan and Schmid for any guidance on the interest rate outlook following this week's inflation data. In Asia, the Bank of Korea announces its latest policy decision, with markets looking for signals on the timing of future rate cuts.
The earnings season gathers pace with results from TSMC, which will be closely watched for global AI and semiconductor demand, while Netflix provides an update on subscriber growth and advertising revenues. In healthcare, UnitedHealth, Abbott, and Intuitive Surgical will offer insight into medical spending trends, while General Electric, ABB, Atlas Copco, and Alcoa will provide a read on industrial activity and manufacturing demand. Financials are represented by State Street, with Prologis offering a view on commercial real estate and logistics, while Publicis Groupe will be watched for trends in global advertising spending.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Gold sideways consolidation below 4,209 resistance Gold continues to trade within the broader prevailing trend, with recent price action showing signs of a corrective pullback phase.
Key Level: 4,209
This area previously acted as a consolidation zone and is currently being monitored as a notable resistance level.
Scenario Below 4,209
If price remains below 4,209, market structure may continue to reflect near-term downside pressure. In this context, the following levels may act as reference support areas:
3,935– Near-term support
3,890 – Intermediate support
3,845 – Broader support zone
Scenario Above 0.8570
A sustained move and daily close above 4,209 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the upside:
4,252 – Initial resistance
4,297 – Higher resistance zone
Conclusion
Gold remains below an important technical area, with 4,209 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent corrective phase or transitions toward further upside continuation.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
WTI Crude Oil oversold rally supported above 7,636 WTI Crude continues to trade within the broader prevailing trend, with recent price action showing signs of a breakout phase.
Key Level: 7,636
This area previously acted as a consolidation zone and is currently being monitored as a notable support level.
Scenario Above 7,636
If price remains above 7,636, market structure may continue to reflect near-term upside pressure. In this context, the following levels may act as reference resistance areas:
8,456 – Initial resistance
8,776 – Psychological and structural level
9,088 – Extended resistance on the longer-term chart
Scenario Below 7,636
A sustained move and daily close below 7,636 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the downside:
7,458 – Minor support
7,245 – Stronger support and potential demand zone
Conclusion
WTI Crude remains above an important technical area, with 7,636 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent uptrend phase or transitions toward further downside continuation.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The Day Ahead The spotlight remains on inflation and central banks, with US June PPI providing the next key read on pipeline price pressures following Tuesday's CPI report. Markets will also hear from Fed Chair Kevin Warsh, who continues his Humphrey–Hawkins testimony before the Senate Banking Committee, while the Fed's Beige Book offers an updated assessment of economic conditions ahead of the July FOMC meeting. Additional Fed speakers, including Cook, Williams and Musalem, could also influence expectations for the path of interest rates.
Overnight, attention will be on China's Q2 GDP and the accompanying monthly activity data covering retail sales, industrial production, fixed asset investment and home prices, which should provide the clearest picture yet of the strength of China's economic recovery. In Europe, Eurozone industrial production will offer another gauge of manufacturing momentum.
The Bank of Canada is also expected to announce its latest policy decision, with investors watching for any changes to the outlook on inflation and growth.
Corporate earnings continue to gather pace, with technology in focus as ASML reports, providing an important update on global semiconductor demand and AI-related investment. In the US, results from Johnson & Johnson, Morgan Stanley, BlackRock, Progressive and Bank of New York Mellon will offer further insight into the health of the financial sector, investment activity and broader corporate earnings trends.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NSDQ100 ahead of US CPI The Nasdaq 100 came under pressure on Monday as a sharp rise in oil prices and renewed geopolitical tensions fuelled stagflation concerns, while another sell-off in semiconductor stocks weighed heavily on the technology sector. Brent crude surged almost 10% to above $83 a barrel after further US-Iran escalation and President Trump's announcement of an "Iranian blockade" in the Strait of Hormuz, raising fears of higher inflation and slower economic growth.
Technology stocks bore the brunt of the move, with the Philadelphia Semiconductor Index falling 4.78%, dragging the Nasdaq lower by 1.55%. The broader S&P 500 also declined 0.79%, although the majority of its constituents finished higher, highlighting how weakness in the large-cap technology sector dominated overall market performance.
Higher oil prices also pushed Treasury yields sharply higher, with the 2-year Treasury yield climbing to 4.28% and the 10-year reaching 4.62%, increasing pressure on high-growth technology stocks that are particularly sensitive to rising interest rates.
Today's key focus for Nasdaq traders is the US June CPI report. A softer-than-expected inflation reading could ease Treasury yields and provide support for technology shares, while an upside surprise would likely reinforce expectations of tighter Fed policy, keeping pressure on growth stocks. Investors will also closely watch Fed Chair Kevin Warsh's testimony before Congress and earnings from major US banks, which could influence broader market sentiment heading into the heart of earnings season.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The Day Ahead - US June CPI & earnings Tuesday's focus is firmly on the US, with June CPI the key event of the day as investors look for evidence of whether tariff-related price pressures are beginning to feed through into inflation. A stronger-than-expected reading could reinforce expectations that the Fed will keep interest rates higher for longer, while a softer print would support hopes for policy easing later this year. Markets will also monitor the NFIB Small Business Optimism survey for insights into business confidence and inflation expectations, alongside Treasury International Capital (TIC) flows for signs of foreign demand for US assets.
Attention will also be on Capitol Hill as Fed Chair Kevin Warsh delivers his semi-annual monetary policy testimony before the House Financial Services Committee, with markets scrutinising his comments on inflation, the labour market and the outlook for interest rates. Additional remarks from Fed officials Barr, Cook, Bowman and Goolsbee could provide further policy signals, while Bank of England Governor Andrew Bailey is also scheduled to speak.
The US earnings season gathers pace with results from JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo and Citigroup. As the first major banks to report, their earnings and guidance will offer an important read on the health of the US consumer, loan demand, investment banking activity and the broader economic outlook, helping to set the tone for markets in the weeks ahead.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
DowJones, inflation expectations, earnings results, Middle East The Dow Jones Industrial Average is expected to open on a cautious note as investors balance escalating geopolitical tensions with a busy week of US inflation data, Fed commentary and the start of second-quarter earnings season.
The key events for markets are tomorrow's US CPI report, Wednesday's PPI release, and Fed Chair Kevin Warsh's Humphrey–Hawkins testimony before Congress. Together, these could reshape expectations for interest rates and drive volatility across US equities.
The Dow is also likely to be in focus as Q2 earnings season begins tomorrow with results from five major US banks. Given the index's heavy weighting towards financials and industrial companies, bank earnings and management outlooks will play an important role in determining market sentiment.
Meanwhile, the intensifying US-Iran conflict has pushed Brent crude above $79 per barrel, raising concerns that higher energy prices could keep inflation elevated and weigh on corporate margins. Treasury yields have also edged higher, adding another potential headwind for equities.
Dow futures are trading lower ahead of the open, suggesting investors are adopting a more defensive stance. The index is likely to be driven by inflation expectations, earnings results from the banking sector, and any further developments in the Middle East throughout the week.
Key Support and Resistance Levels
Resistance Level 1: 52800
Resistance Level 2: 53050
Resistance Level 3: 53300
Support Level 1: 52030
Support Level 2: 51780
Support Level 3: 51560
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
