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Major Support & Resistance (pivot points – explained):
Pivot Point: 6581; Support 1, 2 & 3: 6568, 6546, 6532; Resistance 1, 2 & 3: 6605, 6617, 6639
The UK 100 has taken the baton from a positive trading session in Asia overnight and has broken above resistance at 6603, which is a level that has key over the last few days in both a resistance and support capacity. A raft of macro data due for release today could cause some extra volatility on the UK Index , starting at 9:30 with UK GDP! Macro data aside, with a break back above 6603 we look to target 6617 and then on towards Wednesdays highs of 6640 before an attempt back up toward 6700. On the downside we could see resistance again at 6603 as well as 6581, 6568 and again at 6546.
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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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