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Major Support & Resistance (pivot points – explained):
Pivot: 6235. Support: 6186, 6131, 6082; Resistance: 6290, 6339, 6394
Yesterday’s lower support level of 6,191 held firm with the UK Index testing it on a number of occasions without falling below. The UK Index has started on the front foot today after a shortened session in the US was buoyed by some positive macro data. With US markets closed today, volumes could be thin. We’ll look for a break of 6,290 before a potential return to 6,339 then 6,394. With political uncertainty still rife in both Portugal and Egypt and Greece starting to make headlines again we could see markets suffer more volatility, however we would expect to see support at yesterday’s level of 6,191 and again at 6,132.
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
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