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      10/06/21 10:53

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    • FTSE 100, DAX and Dow likely to bring buying opportunity FTSE, DAX, and Dow consolidating, with a bullish opportunity coming into play as we await a directional breakout. Source: Bloomberg  Joshua Mahony | Senior Market Analyst, London | Publication date: Thursday 05 August 2021  FTSE 100 pullback brings potential buying opportunity The FTSE 100 has drifted lower overnight, with the index weakening from trendline resistance. While the existence of both trendline support and resistance does highlight a rising wedge formation, we would only take a bearish lead from that if price falls back below the 7050 swing-low. Until then, this pullback brings a potential for another long entry around the ascending trendline and deep Fibonacci support zone (7072-7086). Source: ProRealTime DAX consolidates below resistance as we await potential breakout The DAX looks to be consolidating below the key 15706 resistance level this morning, with the index pausing in a bid to break out from this recent period of sideways price action. A rise up through 15706 from here would point towards a breakout and likely push towards the prior high of 15816. As such, the ability to break resistance or simply remain within the consolidation zone will be key for the day ahead. Source: ProRealTime Dow Jones back into key support after Wednesday decline The Dow slumped back towards the key 34761 support level yesterday, with the index remaining within a fairly tight range over the course of the past fortnight. A break out of this 34761-35176 zone will provide us with a fresh directional signal. Nonetheless, with price close to the lower boundary of that range, a bullish short-term outlook is favoured for a move back towards the top of this pattern. Source: ProRealTime   See opportunity on an index?  
    • SAGE modellers predicted 100,000 cases a day if restrictions were lifted. Wrong again. ''over 1,200 so-called experts signed ‘the Declaration’ – cooked up by the same people behind the John Snow Memorandum – warning of the terrible effect easing coronavirus restrictions on July 19th would have. The Declaration originally took the form of a letter in the Lancet, published on July 7th, in which 120 self-described ‘scientists’, many of them members of Independent SAGE, described ‘Freedom Day’ as “dangerous and premature”.  Have 1,200 Experts Ever Been Proved Wrong So Quickly? – The Daily Sceptic The reality is that a lot of modern science has been corrupted and no longer works for enquiry but now works for pay masters with an agenda, entire scientific fields have become completely politicised and scientists themselves acting to shut down and deplatform differing opinion. The exact opposite as to what science is supposed to be about. The start of the next flu season begins in a few months so all the BS will start all over again.     Meanwhile, @Virg2101 THIS is what living with the virus looks like. Sweden still has positive cases - 463/day - but its people are trusted & respected by the Government. 41% of the population is fully vaxxed with no lockdowns, divisive coercion, unvaxxed segregation or relentless campaign of fear.    
    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage:   Team GB 4th in medals table at Tokyo 2020 Indices: CAC hits 20yr high as Europe overall expected to open mixed. Asia mostly up, ASX200 new record high. FTSE250, yesterday hi t a new record high FX: Watching sterling ahead of Bank of England rate decision at noon. USD received a boost as more Fed commentators indicate bullish commentary Equities: UBER multi-month low as costs outweigh good Q2 earnings. SIE raises guidance. Watching RR AIG today Commods: Brent tests $70 support
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