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Equity markets sold off on Tuesday

Equity markets sold off on Tuesday giving up the gains from the start of the week. The UK benchmark FTSE 100 index now in negative territory and the S&P 500 weekly candle forming a bearish reversal gravestone Doji pattern.

Currencies and Bitcoin lacked real conviction but crude fell away from the crucial $40 mark after geopolitical tensions involving Azerbaijan eased.

S&P 500 – Weekly candles – Gravestone Doji

Source IG.com : 30/09/2020

 

Instrument

Hourly

Daily

GBP/USD

1.2822

STRONG SELL

NEUTRAL

EUR/USD

1.1727

SELL

NEUTRAL

FTSE 100

5,855

SELL

STRONG SELL

S&P 500

3,304

NEUTRAL

NEUTRAL

Gold

1,885

STRONG SELL

STRONG SELL

Silver

23.72

STRONG SELL

SELL

Crude Oil WTI

4038

STRONG SELL

SELL

Bitcoin

10,673

STRONG SELL

BUY

 

 

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