4th May 2018 – FTSE 100 Trading signals – Learn to trade the markets
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Just missed the 7560 resistance level yesterday, topping at 7555. The long at 7507 got some points after the US retraced its drop and brought everything back up. Todays focus is on US wages and jobs data, with NFP at 1330. NFP is forecast to be 193k, versus 103k previously. We are of course going into a bank holiday weekend with the FTSE 100 closed on Monday, so could well see some profit taking ahead of the weekend later today. That being said, the bulls have defended well, 7490 remains decent support and a rise towards 7600 today looks possible.
FTSE 100 Trading Signals, Forecast and Prediction
For today I am cautiously bullish, with a rise towards 7560 and 7585 on the cards. the former is 2 hour resistance, while the latter is a key fib level, and if we hit that later on today may be a level where we see a bit of profit taking. As mentioned above its eyes on US wages and NFP data at 1330 so that may well determine the afternoons movements.
Bloomberg’s Asia Report here
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