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Major Support & Resistance (pivot points – explained):
Pivot: 6462; Support: 6438, 6394, 6368; Resistance: 6500, 6580
The UK 100 opened on the front foot this morning following on from a strong session in the US. We saw several resistance levels from yesterday breached this morning with the index trading up at 6536, however this level (R2) has proved difficult and subsequently the UK Index has tailed off. 6500 again could be a key level today with a plethora of macro data due for release this afternoon could have some say in the general direction of the market. We could see support on the downside at 6465, 6438 and 6400. On the upside there may be potential resistance at 6500, 6536 and 6580.
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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