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Major Support & Resistance (pivot points – explained):
Pivot Point: 6793; Support 1, 2 & 3: 6657, 6694, 9757; Resistance 1 & 2: 6856 & 6893
The UK 100 started has started positive this morning looking to hit year-to-date highs which is well within touching distance. After a couple of sessions that saw 6800 hold firm as resistance we finally saw the UK Index break and more importantly close above that level which seems to have given the UK Index the impetus to push higher, looking to make new 2014 highs. The February uptrend is still firmly intact with the UK 100 all-time high of 6950.6 the next target. As the UK Index heads towards all-time we may see some resistance at YTD highs of 6860 and then again at 6893 and 6900. Should 6900 be breached then all-time highs on the UK Index could shortly follow. Support may be found at 6800, 6757, 6700 and 6657.
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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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