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Major Support & Resistance (pivot points – explained):
Pivot: 6585; Support: 6562, 6535, 6512; Resistance: 6613, 6635, 6663
The sideways move and failure to break above 6600 has taken us out of the rising wedge we have spoken of this week. So far so bearish? Well, not quite. Support still at 6560, as uncertainty dominates in the move into the weekend before the Fed‘s update next Wednesday and likely announcement of tapering (T-day). The Syria situation is unclear but with discussions on-going, and barring any major developments, the Fed takes centre stage in investors’ minds for now. Should 6560 give way, expect a correction to 6500, visible support on all the chart timeframes.
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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