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Major Support & Resistance (pivot points – explained):
Pivot Point: 6535; Support 1, 2 & 3: 6650, 6470, 6435; Resistance 1, 2 & 3: 6566, 6601, 6632
The UK 100 has started in a positive mood this morning already eradicating yesterday’s losses, trading at a level last seen over a week ago. News this morning that the Russian Foreign Minister and his Ukrainian counterpart have started discussions, coupled with some pleasing company results have helped drive the UK 100 higher. Having said that the UK 100 is still in the falling trend seen since the end of Feb, although having already broken through resistance 6566 this morning we can now look for a move towards 6600 and then 6632 before any attempt on the highs seen last month. Support could be found around 6535, 6500, 6470 and again at 6435.
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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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