27th June 2018
As expected we had a bit of a consolidation day on Tuesday after Monday’s sell off, with a slow drift up, though the highest the bulls could manage was 7582 after the bell. Markets since dropped back a bit bit and if 7550 is defended today then we could be on for the 7605 level again – with previous support now becoming resistance. Trade tensions are still hanging around on traders minds, as they await clarity on the actuals, rather than the rhetoric and threats that we are seeing at the moment. Trump signaled he may take a less confrontational path toward curbing Chinese investments in sensitive American technologies.
FTSE 100 Trading Signals, Forecast and Prediction
There is initial support at the 7550 level to start with today, with both the 30min coral (up trend currently) and the daily pivot here. If this level holds then the bulls should manage a rise towards the key resistance area at 7605.
On the bearish side, if 7550 breaks, then we have a key fib at 7504, and a break of this will see Mondays low at 7489.
Bloomberg’s Asia Report here
Membership
If you would like more detailed analysis for FTSE 100, DAX, Gold and S&P, including the trades that I am looking to take myself, then please join my active members community.
Results
I keep a record of all the trades communicated to members via the morning email trade plan and those alerted live. See the results here.
What you get
- Daily Analysis pre market open (sent around 7am each day) for FTSE, DAX, Gold and S&P.
- Daily email pre market includes my trading plan for the day including ORDER levels, with stops and targets/limits
- Telegram Chat room and webinar group membership for discussion and realtime trade updates