Managed Trading

For a while now I have been asked if I can trade on behalf of other people and up till now I haven’t been able to. However, I am just working on a copy trading system whereby you can set up an account with my broker, and your account will automatically follow all my trades. The beauty of doing it this way is that you remain in control of the money in your account at all times and are free to withdraw/close the account at any time. The “fund” will be fully FCA registered and will be completely automated in terms of following the trades that I do.

The fund will be focussed purely on the FTSE but if there is demand then I may expand it to other instruments. I am aiming to put the trade plan trades through this fund, as well as any other FTSE trades that look like they will yield decent returns. The returns will be along similar lines to the results spreadsheet.

The amount deposited in the account is up to you, and the stake sizes your account will do will reflect your risk set up and account balance.

If you are interested in this service please enter your details below and then click the link on the confirmation email, and I will be in touch when the service launches, which should be in the next month or two, so roughly May 2016

Support 6066 6040 6030 6028
Resistance 6117 6125 6169 6209 6232 6238
Good morning. Fairly decent day yesterday in terms of points with Dax, FTSE and Gold trades all working out. Hope you managed to also benefit from that. The 6155 level mentioned from the 2 hour chart proved to be very strong resistance – should have put that in the trade plan too! Today is of course Non Farm Payrolls Friday so could be a bit choppy, especially around 13:30 when the NFP news is released. London’s benchmark index edged away from one-month lows, buoyed by a bounce in oil prices. The FTSE 100 made modest gains of 5.23 points, or 0.09pc, to close at 6,117.25. However, Chris Beauchamp, of IG, said indices remained “under pressure” as the week enters its final session when “sellers will continue to dominate”.

US & Asia Overnight from Bloomberg
Asian stocks dropped, set for the biggest weekly loss since February, and the yen rose before key American jobs data that will help shape the U.S. interest-rate outlook. Australia’s currency slumped and its bonds surged after the nation’s central bank lowered its inflation forecast.

Shanghai shares slid the most in two weeks, while Japan’s retreated as trading resumed after a three-day break. The yen gained against all 31 major peers. The Bloomberg Dollar Spot Index was headed for its biggest weekly advance in six months, buoyed by comments from Federal Reserve officials that a June rate hike is possible. U.S. crude oil was set for its first weekly drop in a month and industrial metals were poised for their biggest weekly loss since 2013. Australia’s three-year bond yield fell to a record.

A retreat in global stocks has gathered pace in the first week of May as data highlighted the fragile state of the world economy. The Reserve Bank of Australia joins the European Union in trimming inflation projections this week, after the Bank of Japan on April 28 pushed back the target date for meeting its 2 percent goal for consumer-price gains. Economists predict U.S. non-farm payrolls rose by 200,000 last month, a Bloomberg survey showed before Friday’s report.

“With the U.S. jobs report coming up, investors are holding back,” said Masahiro Ichikawa, a senior strategist at Sumitomo Mitsui Asset Management Co. in Tokyo. “They’re watching the yen very closely.”

Four regional Fed presidents said Thursday they were open to considering an interest-rate increase in June, something that’s been almost ruled out by derivatives traders. Fed Funds futures put the odds of a hike next month at around 10 percent, down from 20 percent a month ago.

Stocks
The MSCI Asia Pacific Index dropped 0.7 percent as of 1:42 p.m. Tokyo time, set for a weekly decline of 3.5 percent and its lowest close since April 8. The Shanghai Composite Index slid 1.7 percent, while Japan’s Topix index fell 0.6 percent from Monday’s close. Financial markets in Indonesia, South Korea and Thailand were shut for holidays.

“It’s not as bad as it could have been with Japan coming back and that’s been helped by a bit of weakening in the yen during the past couple of days,” said Angus Nicholson, a market analyst at IG Ltd. in Melbourne. “If we see a strong non-farm payrolls number tonight it will help the dollar move in the right direction and help Japanese equities.”

Sharp Corp. plunged as much as 11 percent after the Nikkei newspaper reported the struggling display-maker will post a net loss of 300 billion yen ($2.8 billion) for the year through March. Takata Corp. tumbled as much as 15 percent after the U.S. widened recalls of the company’s faulty airbags. A Tokyo-listed exchange-traded fund that tracks Brazil’s benchmark shares index fell 3 percent after Fitch Ratings downgraded its assessment of the country.

Futures on the S&P 500 declined 0.1 percent, while contracts on the U.K.’s FTSE 100 Index were little changed. ArcelorMittal, the world’s largest steelmaker, reported earnings that were in line with analysts’ estimates and Berkshire Hathaway Inc. is among other companies releasing quarterly results on Friday.

Currencies
The yen rose 0.2 percent to 107.08 per dollar, trimming its weekly loss to 0.5 percent. The currency jumped 5 percent last week, prompting policy makers to warn of possible intervention, as the Bank of Japan unexpectedly refrained from adding to record stimulus at a policy review. Prime Minister Shinzo Abe said Thursday he was ready to respond to excessive currency moves if needed.

“We expect BOJ to do a U-turn in the coming months by opting for more easing and this is likely to result in renewed yen depreciation,” said Salman Ahmed, the London-based chief global strategist at Lombard Odier Investment Managers, which oversees about $165 billion. “However, we are sometime away from this dynamic to take hold.”

The Aussie dropped as much as 1.1 percent to a two-month low and was poised for its biggest weekly loss since January. Australia’s central bank said underlying inflation is expected to be 1 to 2 percent 2016, down from the 2 to 3 percent it forecast in February. The authority cut its benchmark interest rate to a record low on Tuesday.

The Bloomberg Dollar Spot Index was little changed Friday, following a three-day climb that has sent it up 1.4 percent this week. The yuan was set for a 0.4 percent weekly loss versus the greenback before China on Sunday releases April figures for trade and foreign-exchange reserves.

Commodities
Copper plunged more than 5 percent this week in London, on track for its steepest weekly decline since January last year. Concern that demand from China, the world’s biggest user of industrial metals, is waning has slammed prices this week, with the London Metals Exchange metals index down 4.5 percent, the most since February 2013.

Steel reinforcement-bar futures dropped as much as 1.2 percent on the Shanghai Futures Exchange, contributing to a record 11 percent slide for the week. Iron ore and coking coal also retreated this week in China after authorities clamped down on speculators.

West Texas Intermediate crude dropped 1.1 percent to $43.83 a barrel. WTI has retreated 4.6 percent over the past five days, after rallying in all but one of the previous 12 weeks.

“Oil fundamentals are improving but the market is still apprehensive,” said Ehsan Ul-Haq, a senior consultant at KBC Advanced Technologies in London. “Only when refiners start complaining about the lack of supply will we see a sustainable recovery.”

Bonds
Australia’s three-year bonds surged, pushing their yield down by as much as 14 basis points to an unprecedented 1.55 percent. The yield on 10-year U.S. Treasuries held at 1.75 percent, the lowest in more than three weeks.

“There is still very strong pressure for deflation globally,” said Kei Katayama, a bond manager in Tokyo at Daiwa SB Investments, which has $50.3 billion in assets. “If the Fed tightens, people believe the pace will be very, very limited.” [Bloomberg]

FTSE 100 Outlook and Prediction

FTSE 100 Prediction

FTSE 100 Prediction

It’s NFP Friday today so a good move is to take it a little easier in terms of risk today. I have gone for a little bit of a rise this morning with a dip from the 6125 area where we have a declining 30min channel, and this is just above the pivot. The bulls really should have been a bit stronger from 6100 yesterday, and the dip back from the 6155 area shows the bears still have the strength at the moment so may drop it down to the 20 day Bianca channel at 6066. We have the 10 day at 6040 and the Raffs at 6030 so I feel that we may see some brave bulls start to appear around these levels. If we hold this 6030 level then I wouldn’t be surprised if we are back at 6200+ next week. So, fairly simple plan today really with the initial dip then possibly a rise this afternoon, maybe with NFP being the catalyst?

Support 6132 6113 6108 6073 6071 6040 6026
Resistance 6139 6185 6201 6209 6240 6245
Good morning. Another sell in May day yesterday which saw a low at 6090 later on – a level which has held so far as support. The gold short at 1289 yesterday worked well, and actually dipped below the target area before bouncing back. Unfortunately most indices just sold off from the open so the short orders were missed. Despite a weaker Asia session the out of hours FTSE has seen a rise to 6135 and the pivot area. I wouldn’t be surprised if we get a bit of a bounce going for a bit of a dead cat bounce/relief rally before more downside, maybe as far at 6240 where we have the 10 day Bianca or 6260 which is 50% of the 6430 to 6100 move.

US & Asia Overnight from Bloomberg
Asian shares slid for a seventh day, their longest losing streak of the year, and the dollar extended gains versus the yen. Australia’s currency strengthened after retail sales and trade figures beat estimates, while crude oil climbed toward $45 a barrel.

The MSCI Asia Pacific excluding Japan Index sank to its lowest in about four weeks, while U.S. and U.K. stock index futures advanced. Malaysia’s ringgit fell to its weakest level since March as the Bloomberg Dollar Spot Index held near a one-week high.

The Aussie advanced against all of its G-10 counterparts. Crude rallied after data showed U.S. output fell the most in eight months and as wildfires disrupted production in Canada. Financial markets are shut for holidays in Indonesia, Japan, South Korea and Thailand.

April data for manufacturing and services in the world’s leading economies point to a subdued outlook for global growth, while falling corporate earnings in the U.S. are doing little to revive an equities rally that’s petered out over the past two weeks. Stan Druckenmiller, a billionaire investor with one of the best long-term track records in money management, said Wednesday the bull market in stocks has “exhausted itself” and that gold is his largest currency allocation.

“Markets seem to be at something of a crossroads at present, waiting for clearer signals on whether U.S. activity will bounce back in the second quarter,” Sharon Zollner, a senior economist in Auckland at ANZ Bank New Zealand Ltd., said in a client note. “If the global economy were to tip into recession at some point, what ammo, precisely, do central banks have left that won’t do more harm than good?”

Federal Reserve Bank chiefs in Atlanta and San Francisco said this week that a June interest-rate hike could be on the cards and a U.S. employment report on Friday will help shape the market’s assessment of the likelihood, which Fed Funds futures currently put at about 10 percent.

A private-sector report on Thursday showed growth in China’s services output moderated in April, while the European Central Bank is due to publish its monthly Economic Bulletin. A gauge of how the U.K.’s service sector is performing is also scheduled and earnings are expected from companies including BT Group Plc, News Corp. and Repsol SA.

Stocks
The MSCI Asia Pacific excluding Japan Index fell 0.3 percent as of 12:23 p.m. in Hong Kong, with all but one of its 10 industry groups posting losses.

A gauge of Hong Kong property stocks fell to a four-week low, led by a 2.5 percent slide in New World Development Co., after Goldman Sachs Group Inc. downgraded its assessment of the sector and forecast a 20 percent slide in the city’s home prices. National Australia Bank Ltd. jumped as much as 4.1 percent in Sydney after it reported an increase in profit. Crown Resorts Ltd., the gaming company of James Packer, surged as much as 5.8 percent after announcing the sale of an $800 million stake in its Macau venture.

Futures on the S&P 500 Index rose 0.3 percent, while those on the U.K.’s FTSE 100 Index were up 0.6 percent. Contracts on the Nikkei 225 Stock Average added 0.3 percent in Singapore, after sliding 1.2 percent in the last two sessions.

Currencies
The dollar rose 0.1 percent to 107.15 yen, building on a 0.6 percent gain over the last two days. Japanese markets resume Friday after a three-day holiday. The Bloomberg Dollar Spot Index climbed 1.2 percent over the last two days as the probability that the Fed will raise interest rates this year climbed back above 50 percent. U.S. employers added at least 200,000 workers for a third month in April, according to a Bloomberg survey before the Labor Department releases the data on May 6.

“We’re probably at a bit of an inflection point for the dollar,” said Ray Attrill, co-head of currency strategy at National Australia Bank Ltd. in Sydney. “We’ve come down a long way with virtually any tightening in 2016 priced out, but we’re at a point when there’s almost too much bad news in the dollar. Having said that, we’re on guard for a softer employment number.”

Australia’s dollar strengthened 0.5 percent versus the greenback. The nation’s retail sales increased 0.4 percent in March from the previous month, while the trade deficit was smaller than economists forecast. The ringgit weakened as much as 0.5 percent.

The Philippine peso fell to a two-month low as the May 9 presidential election draws closer. The currency has been weakening for three weeks as the mayor of Davao City, Rodrigo Duterte, rises in opinion polls. Duterte ranked third in a Bloomberg survey last month that asked analysts who was the best candidate to run the economy.

The Turkish lira rebounded 0.7 percent versus the dollar. It tumbled 3.8 percent on Wednesday as markets reacted to a deepening rift between President Recep Tayyip Erdogan and Prime Minister Ahmet Davutoglu that’s set to end with the premier stepping down from his job later this month.

Commodities
West Texas Intermediate crude climbed 2 percent to $44.65 a barrel. U.S. oil production dropped by 113,000 barrels a day to 8.83 million a day last week, the lowest level since September 2014, data showed Wednesday. Fires in Canada may affect more than 1 million barrels a day of capacity, according to company statements and data published in Alberta’s Spring Oil Sands Quarterly.

“The trend of declining U.S. production is a real positive,” said Michael McCarthy, chief strategist at CMC Markets in Sydney. “I expect prices will probably touch the $48 to $50 zone. We will have to see significant inroads into crude stockpiles to push through that area.”

Gold for immediate delivery rose 0.1 percent, after sliding more than 1 percent over the last three days. Nickel led declines among industrial metals, falling 0.9 percent in London.

Bonds
Australia’s government bonds rose, pushing the 10-year yield down by five basis points to a two-month low of 2.38 percent. The rate on similar-maturity U.S. Treasuries fell two basis points to 1.78 percent in the last session.

Inner Mongolia Nailun Group Inc.’s yuan-denominated bonds due 2018 traded at 31 percent of face value, down from a 2016 high of 98 percent on April 19. The Chinese fertilizer maker said it wouldn’t be able to meet payments due Thursday on the notes, becoming the eighth issuer to default this year in the world’s second-biggest economy. [Bloomberg]

FTSE 100 Outlook and Prediction

FTSE 100 Prediction

FTSE 100 Prediction

For today I wouldn’t be surprised if we get a bit of a bounce now the 6090 level has been tested. As mentioned above I think we might even get as far as the 6220 area which is 38.2% of the 6430 to 6090, and possibly the 6260 level (50%). We also have the 10 day Bianca channel at 6240 for today. The 30min chart is slightly bullish, though the 2 hour has resistance at 6155 to start things off today. If the 30min stays bullish this morning then we may well get a green coral appearing which would bode well for a bit of a push up over the next day or two. We also have NFP tomorrow which will start to weigh on traders minds today, forecast is 200k versus 215k last month. However, ADP employment missed estimates yesterday which may well be the same for NFP tomorrow. With gold falling from the 1300 level, we may see some equity buying over the next day or two. I have plotted the blue arrows for my preferred route today which is the 6110 area holding, and a rise to the 6200 area where we have the 200ema, however the pink line if if it overshoots and goes down a bit further to the support area at 6070. This area is worth a long if seen, and we also have the bottom of the 10 day Bianca at 6073.

Support 6177 6161 6140 6138 6136 6133
Resistance 6190 6216 6225 6245 6247
Good morning. That was quite the sell off from the 6280 level at the bell yesterday, put down to weaker than expected UK manufacturing data (though suspiciously the selling started an hour before the news came out…), but mainly because we saw the US dollar plunging to a 16-month low, hindering Japan and the Eurozone chances of breaking out of a debt-deflation trap. Unfortunately it meant the resistance levels (and short orders) didn’t get hit at 6303 or 6330. The dollar index fell below 92 for the fist time since January 2015, which saw gold hit $1300 again and indices fall. Looking at the Fed and rate rises, markets have now largely discounted a rate rise in June, and are pricing in just a 68pc likelihood of any increases this year. Fortunately the bottom of the 10 day Raff halted the fall at 6160, but it was a lack lustre bounce from that support, which makes 6430 look like the high that will hold for a while now.

US & Asia Overnight from Bloomberg
Asian stocks fell for a sixth day, their longest losing streak since February, as anxiety over the health of the global economy unnerved investors. South Korea’s won dropped by the most in four months, crude oil traded below $44 a barrel and sovereign bonds rallied.
Australia’s benchmark was set for its biggest loss in a month as BHP Billiton Ltd. plunged by the most since 2008. Indonesia’s sank to a two-month low after data showed its gross domestic product grew less than economists forecast. U.S. crude was little changed, after tumbling by about 5 percent in the last two days. A gauge of dollar strength rose, extending Tuesday’s bounce from the weakest level in almost a year, after Federal Reserve officials flagged the possibility of an interest-rate hike in June. Australian government debt advanced following gains in U.S. Treasuries.

Global stocks’ rebound from a three-year low in February suffered a setback over the past two weeks as economic reports and corporate earnings underwhelmed investors. Citigroup Inc.’s Economic Surprise Index for the U.S. has fallen to its weakest level since February and analysts are predicting an 8 percent decline in quarterly profits for S&P 500 companies. U.K. manufacturing unexpectedly shrank for the first time in three years in April, while China’s weakened, reports indicated on Tuesday.

“In a now familiar theme, traders are becoming concerned about the possibility that the next volatile market swing, in this case downward, may not be too far away,” said Ric Spooner, chief market analyst in Sydney at CMC Markets. “Both U.S. stock market valuations and commodity prices have risen to levels that could be difficult to sustain against the ongoing reality of sluggish global demand growth.”

Gauges of last month’s services output are due Tuesday for the U.S., the euro area, the U.K. and India. The U.S. also has reports on employment and durable goods orders, while Tesla Motors Inc. and Time Warner Inc. are among American companies that will release earnings. In Europe, Siemens AG and Societe Generale SA reported profits that beat analysts’ estimates, while Anheuser-Busch InBev NV fell short.

Stocks
The MSCI Asia Pacific excluding Japan Index dropped 1.3 percent as of 1:10 p.m. Hong Kong time, its biggest loss in a month. Benchmarks in Hong Kong, Singapore, Sydney and Taipei fell by more than 1 percent.

In Australia, BHP Billiton tumbled as much as 10 percent — its biggest intraday loss since 2008 — after it was named in a $44 billion law suit over a dam rupture in Brazil that caused deaths and severe environmental damage. Woolworths Ltd., the nation’s largest supermarket chain, sank as much as 7 percent after S&P Global Ratings downgraded the company’s credit rating.

The Jakarta Composite Index fell 0.9 percent. Indonesia, Southeast Asia’s largest economy, reported GDP growth of 4.9 percent for the first quarter, less than the 5.1 percent forecast by economists in a Bloomberg survey.

Futures on the S&P 500 declined 0.2 percent, as did contracts on the U.K.’s FTSE 100 Index.

“The continued narrative is that the global economy is not very strong, even if the U.S. is the best of the bunch,” said Joe Bell, a Cincinnati-based senior equity analyst at Schaeffer’s Investment Research Inc. “We’ve had such a strong run-up over the last few months that we’re in a bit of a consolidation phase.”

Currencies
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major peers, rose 0.2 percent after gaining 0.7 percent in the last session. Atlanta Fed President Dennis Lockhart said Tuesday that the Federal Open Market Committee could move on rates in June if warranted, though he is not leaning in either direction at this point. San Francisco Fed President John Williams says that he would support a rate hike next month provided the U.S. economy stayed on track.

The Japanese yen fell 0.6 percent to 107.21 per dollar. Finance Minister Taro Aso said Tuesday, when the currency reached an 18-month high of 105.55, that the government is monitoring speculative foreign-exchange trades and will respond if needed. The yen has strengthened more than twice as much as any other major currency in the past week as the Bank of Japan unexpectedly refrained from adding to stimulus at a policy review.

The won weakened 1.3 percent before the Bank of Korea releases the minutes of its last policy meeting. Malaysia’s ringgit slumped as much as 1.5 percent to its weakest level since March, weighed down by the drop in crude prices. Malaysia is Asia’s only major net oil exporter.

“The market is grasping the view that the dollar probably fell a little too much, and a rebound could be ahead, and this seems to have deteriorated sentiment towards emerging-market assets including the won,” said Jeon Seung Ji, a currency analyst in Seoul at Samsung Futures Inc.

Commodities
Crude oil was little changed at $43.71 a barrel. U.S. inventories increased by 1.3 million barrels last week, the American Petroleum Institute was said to report Tuesday. Government data Wednesday is forecast to show supplies rose by 750,000 barrels.

Gold fell as much as 0.6 percent to $1,278.99 an ounce, reflecting the dollar’s rebound. The metal reached $1,303.82 on Monday, the highest intraday level since January 2015.

Nickel, zinc and lead all dropped more than 0.8 percent in London, while copper fell 0.4 percent.

Bonds
The yield on Australia’s 10-year government bonds fell five basis points to a three-week low of 2.42 percent, after the rate on similar-maturity U.S. Treasuries slid eight basis points on Tuesday to 1.80 percent.

The cost of insuring corporate and sovereign bonds in the Asia-Pacific region rose to about the highest level in three weeks, according to Societe Generale SA prices for the Markit iTraxx Asia index of credit-default swaps. [Bloomberg]

FTSE 100 Outlook and Prediction

FTSE 100 Prediction

FTSE 100 Prediction

We have a major PRT support level to start off with today right where we are as I write this at 6185, as such we might manage to pop a little bit higher of the bulls can build a bit on that bounce from the 10 day Raff channel yesterday. We also have the 20 day Bianca at 6177 for some initial support. Generally indices feel weak at the moment, having shed over 200 points from that most recent 6430 high. A rise to the pivot at 6215 would play out well and set up a decent level to short from for a dip down to S1 and a couple of other supports at 6140 (10 day Bianca and S1). The live charts pivot is 6205 though so also watch this level today, incase it fails to reach the 6215. The 2 hour chart has now also gone bearish with resistance at 6225, and above this the top of the 10 day Bianca is 6280. Still feels like shorting the rallies is the best plan today for a test of the 6140 level so have set a short order for 6215 off the pivot, but would also look to short around the 6250 level depending on how its looking at the time. We may well get a retest of yesterdays lows today.

Support 6271 6263 6232 6223 6184
Resistance 6300 6315 6325 6330
Good morning I hope you had a good long weekend. The US was pretty strong yesterday and we have just had a surprise rate cut in Australia. Gold moved above $1300 for the first time in a while yesterday, after a bullish end to April, and looks like its going to keep going! With the US rising, the out of hour FTSE has risen from Fridays levels and could be on for 6300 again. We also have the top of the 10 day Bianca at 6330 today. In UK news, Leicester City have won the Premier League at 5000-1 odds at the start of the season!

US & Asia Overnight from Bloomberg
Australia’s dollar tumbled against all of its major peers, while the nation’s stocks and bonds rallied after the central bank unexpectedly cut interest rates. Asian stocks held near a two-week low as markets including China, Hong Kong and Singapore reopened following a holiday.

Australia’s currency slid 1 percent versus the greenback as Reserve Bank of Australia cut its benchmark interest rate by a quarter of a percentage point to a record low, a decision forecast by 12 of 27 economists in a Bloomberg survey. The Bloomberg Dollar Spot Index slipped to its lowest level in almost a year as the yen advanced to an 18-month high. A gauge of regional equities that excludes Japan, where markets are shut until Friday, declined for a fifth day. Industrial metals dropped in London, while gold climbed to a 15-month high. Crude oil rose to around $45 a barrel in New York.

April manufacturing data released this week in the U.S., Europe and China will have done little to convince the Federal Reserve that the American and global economies can withstand higher borrowing costs. Output in the U.S. expanded in April by less than economists forecast, while pockets of weakness remain in China, the reports showed. While the greenback’s retreat is supporting raw-materials prices, a rebound in global equities is stumbling amid a mixed bag of quarterly earnings reports from the world’s biggest companies.

“We’re into the May doldrums where people are starting to reconsider portfolios and will probably not do too much,” said Sean Darby, chief global equity strategist in Hong Kong at Jefferies Group LLC. “They’ve either missed the rally from the first quarter or they’re getting a little bit too concerned about some of the weakness in the global data.”

It’s a big day for bank earnings, with BNP Paribas SA, Commerzbank AG and UBS Group AG all reporting on Tuesday. HSBC Holdings Plc, Europe’s largest bank, reported a bigger profit than analysts forecast as did DBS Group Holdings Ltd., Southeast Asia’s No. 1 lender. [Bloomberg]

FTSE 100 Outlook and Prediction

FTSE 100 Prediction

FTSE 100 Prediction

For today I have initial support at the 6263 area where we are looking at starting the day at 7am, this is support on the 2 hour chart. As such, if this holds then I am expecting a rise up towards the 6325/6330 resistance area. I also think that we will have a slightly bullish start as its the start of the new month and as such new money flows into funds etc. However, with the bank holiday yesterday the start can often be a little choppy on the first day back so bear that in mine. We have the 6263 support from the daily pivot area at 6270 and also the 100Hull Moving average on the 2 hour chart. As such, it’s a fairly simple plan for today with a rise then a dip from that 6325 area.

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