Pre Market- dollar holds support into US CPI, UK Jobs : BTC>$71K, Gold set for a pullback ?
UK indices closed unchanged to red while the US showed more selling with many of the lead AI names showing continued weakness following Friday's reversal: Nasdaq dropped to the 21EMA and held: first check on this level since Feb '20 . Oilers led the selling in the UK as Brent dropped to the $81 intraday before recovering - currently at $82.6
<Click on images and charts to make full screen>
UK heatmap - selling in oilers
US S&P 500 stock heatmap In the US, semis led the selling with other high momentum names like LLY selling hard
Dollar held support into US CPI today,
copper checked back to channel breakout and bounces
copper maintains its bullish bias while gold looks set for a pullback from a big run
