4th July 2018
Well we got the rise and dip yesterday as expected. The US markets are closed today for Independence Day holidays, and Wednesday saw Asian markets decline off the back of the weaker Tuesday US session. There is a small dividend of 0.55 today. The picture still looks bearish, the failure of the bulls to hold above 7600 yesterday suggests further downside to come. 7540 is the line in the sand still and a break of that sees 7490 and possibly lower – 7360 still maybe.
FTSE 100 Trading Signals, Forecast and Prediction
We might get a football driven euphoric kick up initially today, but there is still key resistance at 7600 and 7625, with the fib at 7643 to scupper the bulls plans for a rise towards 7720. With the drop yesterday afternoon, the bears will still be trying to target a break of the 7540 level, as that opens up 7490 again, with a possible trip lower.
Bloomberg’s Asia Report here
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