RNS Trading Fri 15 Mar 24

Pre Market 06:45 - Dollar Rise on Stronger PPI though Gold holds 5EMA, , Copper continues, Brent clears $85

Dollar index rallied on stronger PPI numbers in the US yesterday but seems to have found some resistance at the 21EMA ( a reversion to the mean) - Gold fell to the 5EMA but seems to have found support there while copper, palladium and platinum stay firm suggesting the dollar strength may be of limited impact for now.

 

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Oil and Gas names outperformed int he UK yesterday on the highest Brent price since Nov '23 -  Oil does seem to be encountering some resistance around the $85 level  though were it to follow the current rising channel this may see the $87 level which will  support oil and gas names further

 

Dollar rallies to 21EMA -

 

Copper maintains strength

 

Brent oil clears $85 at resistance to Nov '23 levels

 

 

 

 

One to Watch FAN - Volution Guides Higher

FAN Volution  See RNS

 

strong results and guides higher  see RNS  cautionary tone on weaker new build demand likely offset by FAN's outperformance and refurbishment exposure

 

"Our strong performance in the first half, together with the tailwind from our three recent acquisitions, gives the Board confidence in delivering adjusted earnings per share for the current financial year slightly ahead of consensus1.

chart sets up to breakout from consolidation and takeout 460p high

 

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