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Major Support & Resistance (pivot points – explained):
Pivot: 6283 Support: 6251, 6222, 6191; Resistance: 6311, 6343, 6371
After a day of fluctuating between negative and positive, the UK Index failed to break through the key 6,320 resistance level. After some weaker overnight data from Asia and concerns surrounding the political stability of both Portugal and Egypt, the UK 100 has started the morning on the back foot breaching support at 6,280. We look for the next support level of 6,220 before a potential drop to 6,191. With the US markets being closed tomorrow (Independence day), macro data will be coming in thick and fast today, with Eurozone retails sales this morning followed by US ADP data and weekly jobless claims this afternoon.
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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