17th August 2018
The US rose strongly yesterday which followed through into Asian markets today. However, whilst the FTSE rose, it was very slow, and failed to reach the 7580 resistance area. However, the 2 hour chart has returned to bull with support at 7518 for today, We do still have the daily resistance level of 7643 in play so a rise to here then some downside is distinctly possible. The US markets rose after an easing in trade tensions between China and the U.S and positive results from Walmart. President Trump prodded China to offer more at the bargaining table as the two countries prepared for their first major negotiation in more than two months in an effort to head off an all-out trade war.
FTSE 100 Trading Signals, Forecast and Prediction
There is initial resistance today at the 7565 level which is the overnight high, and a level that the bulls will be keen to break. If they do then a rise towards the cluster of resistance level at the 7584 to 7594 area looks distinctly possible.
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