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    Out Look 201117

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    Out Look 201117

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    Out Look 201117

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    Out Look 201117

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10 views8 pages

    Out Look 201117

    Uploaded by

    mails4vips
    Out Look 201117

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    You are on page 1of 8

    Angela’s ashes

    Coalition talks break down

    Yesterday, Sunday, at 23:00 GMT Christian Democrats main alliance hopeful


    the Free Democrats (FDP) walked out of talks which included the Greens
    saying, ‘it’s better not to govern than to govern badly’. Both the Chancellor
    and the German Chambers of Commerce said they were disappointed by this.

    Embattled Japanese firm Toshiba, with billions of dollars of liabilities linked to


    its US nuclear power operations, has decided to issue 600 Billion yen (£4
    billion) in new shares to 60 overseas investors. This will result in earnings per
    share halving but it also means that the company will not face delisting from
    the Tokyo Stock Exchange.

    Nicole Elliott
    DAX 30

    IG Index chart

    Back to where we were a month ago, as the bullish MACD loses steam.

    SHORT TERM TRADER: Short at 12960; stop above 13225. First target
    12700.

    POSITION TAKER: Square still as Friday’s close was too close to 13000.

    SUPPORT RESISTANCE

    12845 12960
    12700 13100
    12600 13220
    12500 13300

    ii

    Monday, 20 November 2017


    FTSE 100

    IG Index chart

    The MACD turning bearish on Friday’s close, as it has been most of the time
    since April. Nothing especially illuminating in the weekly candles, but is
    another index back to where we were a month ago – and where we were in
    March.

    SHORT TERM TRADER: Short at 7470; stop above 7480. Target 7125.

    POSITION TAKER: Square.

    SUPPORT RESISTANCE

    7355 7400
    7345 7440
    7320 7480
    7290 7540

    iii

    Monday, 20 November 2017


    S&P 500

    IG Index chart

    Such tiny little weekly doji candles as the MACD loses steam here too. All
    looking rather fragile.

    SHORT TERM TRADER: Short at 2565; stop above 2615. First target
    2515 and more realistically 2460.

    POSITION TAKER: Square.

    SUPPORT RESISTANCE

    2566 2590
    2555 2600
    2544 2615
    2515 2635

    iv

    Monday, 20 November 2017


    BRITISH POUND/US DOLLAR

    IG Index chart

    Momentum remains a little bullish, as it has been since March, as we inch our
    way up a tad helped by the rising trend line.

    SHORT TERM TRADER: Long at 1.3155; stop below 1.3080. Target


    1.3300.

    POSITION TAKER: Square.

    SUPPORT RESISTANCE

    1.3185 1.3260
    1.3130 1.3300
    1.3060 1.3325
    1.2980 1.3340

    Monday, 20 November 2017


    EURO/US DOLLAR

    IG Index chart

    Bouncing quite sharply from the watershed level around 1.1600 though
    momentum is bearish. A report by the ECB on revisions to the Union crisis
    management framework stated: ‘covered deposits and claims under investor
    compensation schemes [€100,000] should be replaced by limited
    discretionary exemptions to be granted by the competent authority in order to
    retain a degree of flexibility’.

    SHORT TERM TRADER: Square.

    POSITION TAKER: Square.

    SUPPORT RESISTANCE

    1.1725 1.1800
    1.1680 1.1825
    1.1665 1.1870
    1.1600 1.1940

    vi

    Monday, 20 November 2017


    GOLD

    IG Index chart

    Bouncing from Fibonacci 38 per cent retracement support potentially forming


    a third interim higher low point this year.

    SHORT TERM TRADER: Square.

    POSITION TAKER: Square.

    SUPPORT RESISTANCE

    1280 1291
    1270 1297
    1263 1300
    1260 1306

    vii

    Monday, 20 November 2017


    Nicole Elliott is a long-standing Member of the Society of Technical Analysts and has taken
    over the IC’s trading coverage. She is regularly interviewed and quoted by the financial
    media, is a conference speaker, and author of several books on charting.

    © The Financial Times Ltd 2010. Investors Chronicle is trademark of Financial Times Ltd.
    "Financial Times" and "FT" are registered trademarks and service marks of the Financial
    Times Limited. All rights reserved. No part of this publication or information contained
    within it may be commercially exploited in any way without prior permission in writing from
    the editor.

    Material (including tips) contained herein is for general information only and is not intended
    to be relied upon by individual readers in making (or refraining from making) any specific
    investment decision. Appropriate independent advice should be obtained before making any
    such decisions. Financial Times Business Limited does not accept any liability for any loss
    suffered by any user as a result of any such decision.

    Do remember, particularly if you are new to stock market investment, that the prices of
    shares and other investments can fall sharply. You may not get back the money you
    originally invested. Past performance is not necessarily a guide to the future.

    In comparing the investments described in this publication, you should bear in mind that the
    nature of such investments and of the returns, risks and charges differ from one investment
    to another. Smaller companies with a short track record by their nature tend to be more
    risky than larger, well-established companies. The investments and services mentioned in
    this publication will not be suitable for all readers. In some cases (for example, but without
    limitation, where an investment or service is provided by a party who is not authorised by
    the Financial Services Authority) you would not be protected by the investor protection
    measures required under the Financial Services and Markets Act 2000: for the sake of
    illustration only, you might not be able to claim under the Financial Services Compensation
    Scheme.

    Provision of the investments or services mentioned on this website may be restricted by law
    depending on the jurisdiction in which you are resident, and on what type of investor you
    are. If you have any doubts about the suitability or legality of any investment or service, you
    should take appropriate professional advice.

    The views and recommendations in this publication are based on information from a variety
    of sources. Although these are believed to be reliable, we cannot guarantee the accuracy or
    completeness of the information herein.

    While we require our journalists and editorial staff to comply with the Press Complaints
    Commission Code of Practice, you should be aware that they may have interests in
    investments and/or providers of services referred to in this publication.

    viii

    Monday, 20 November 2017

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