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Major Support & Resistance (pivot points – explained):
Pivot Point: 6587; Support 1, 2 & 3: 6552, 6513, 6478; Resistance 1, 2 & 3: 6627, 6662, 6701
The UK 100 has started positively this morning, retaking 6600 after better than expected numbers from US mining giant Alcoa gave the markets a lift after the bell which set the tone for a positive trading session in Asia. The UK Index will look to stop the fall that we have seen across the last two trading session and attempt to climb back up towards Friday’s highs of 6700. Before that we may encounter resistance at 6627 and 6662 with possible resistance seen at 6587, 6552, 6518 and again at 6478. US earnings season kick of yesterday and that could be the driving force in determining the next move.
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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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