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Major Support & Resistance (pivot points – explained):
Pivot Point: 6836; Support 1, 2 & 3: 6813, 6799, 6785; Resistance 1, 2 & 3: 6841, 6855, 6869
The recovery from Friday’s lows may have continued, but the 6850 zone has reared its ugly head as a hurdle again, daily momentum has broken below the trendline of rising support and RSI on the 3-month hourly has fallen back from a near visit to overbought. All eyes on whether rising 3-day lows at 6825 hold up.
The index is still trying higher, helped by global optimism in continued stimulus to support growth. In terms of index impact, HSBC’s strength is helping offsetting AZN’s weakness this morning. All eyes on US data and ECB President Draghi speaking this afternoon to give the market a bit more direction.
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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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