Pre Market- 06:45 Gold Continues North to $2022 Levels as DXY Softens Slightly: Oil at Resistance: BTC $52400
US on holidays today - economic calendar light while FTSE futures sit at 7700 almost unch on Friday's cash close of 7011
Gold continues its move off lows last week and proceeds to the 21EMA at $2022 - I had questioned whether it would find resistance at the 8EMA in the weekly wrap so this move is welcome. My original trade from last Thursday was based on a reversion-to-mean : that is normally the 21EMA so I'll take some profits here and watch the price action around this level CHART
Gold rallies to the 21EMA target
Meanwhile Brent remains rangebound and finds resistance around the area of supply north of the $83 aread - see chart
Brent encountering overhead resistance
Bitocin continues its moves north after a check-in around the 8 EMA - it does look bullish but does need to clear and close the $53K area of resistance: watch ARB and UK based crypto names - I remain long
Ones to Watch MONY , CURY Rejects Offer
MONY Strong results and mantains expectations with record revenues and an increase in dividend : chart is turning bullish with 21EMA around 251p area to watch - -expect a positive reaction today and a move north given recent volume build and vol squeeze on daily and monthly CHART
Financial highlights
· Record revenue at £432m, despite no material revenue from energy switching
· 11% revenue growth led by exceptional trading in Insurance, supported by efficient acquisition and retain and grow strategy
· EBITDA up 14%, ahead of revenue growth, to £132m with margins expanded to 31% demonstrating continued robust cost management
· Adjusted basic EPS up 12%
· Operating cashflow before tax increased 7%, following the increase in tax rates operating cashflow after taxes are down 2%
· Full-year dividend up 3% to 12.1p, £65 million distribution to shareholders
CURY rejects an all-cash offer - expect soem firewoerks today as specualtion over who's next wo make an offer? is likely CHART
worth noting Curry's used to be on one of the most shorted shares in the UK with a peak around May 22 of 6.4% short but now just 0.63%
Curry's short interest history
