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Major Support & Resistance (pivot points – explained):
Pivot: 6512; Support: 6479, 6426, 6394; Resistance: 6565, 6597
All eyes will be on the release of US data today in the form of Non-Farm payrolls (NFP) and unemployment with questions ready to be asked of the fed in terms of tapering. Will they won’t they? The number that is released today could go some way to determining the answer. Before that we have a raft of Eurozone data which may set the tone. The UK Index failed in its attempt this morning to breach yesterday’s high of 6542 and it trading flat with investors sitting tight before the macro data today. Yesterday’s high of 6542 could prove to be a level to watch today as well as 6565 and 6600 as potential resistance levels. On the downside we may find support at 6512, 6500 and 6479. The NFP figure has the potential to cause spikes in either direction which could bring these levels into play very quickly.
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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