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Major Support & Resistance (pivot points – explained):
Pivot: 6462; Support: 6423, 6382, 6330; Resistance: 6516, 6568, 6609
The UK Index failed to close above 6500 yesterday as heavyweight tech giant Vodafone lost 5% weighing heavily on the market (22 points) and rumours from Russia of military action in the Mediterranean causing fear amongst investors. Today’s dividend impact of 4 points has added to the fall of the UK Index which could find support around 6423 and then at 6382 should that be breached. Upside resistance has been seen at 6475 today with a break of that level potentially seeing a test of 6500 again and then 6516. With a raft of PMI data from across Europe due this morning as well as US data this afternoon, we could see these support and resistance levels tested today.
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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