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Major Support & Resistance (pivot points – explained):
Pivot Point: 6651; Support 1, 2 & 3: 66617, 6559, 6521; Resistance 1, 2 & 3: 6714, 6751, 6810
The UK 100 is looking to extend its gains for the for a sixth day in succession after a strong start to the week. Yesterday’s UK BRC Sales came in much better than analysts’ forecasts which buoyed the retailers, helping the UK Index rise. FED chairwoman Janet Yellen’s dovish comments in the afternoon then gave the global markets a push up with the UK Index still eating into the loses sustained in January.
The UK Index is now just 1.27% lower (85 pts) from where it started the year and with lots of companies still to report, we could see the index looking to attack these levels soon. On the upside we could see resistance at 6714, 6751 and 6810, with possible support at 6655, 6617, 6559 and 6521.
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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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