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Bull Monday with 10475 10515 resistance | 10430 10396 support | US holiday

Technical analysis for 16th February 2026

If the bulls can break the 10470 Hull MA resistance this morning then we should be on course for a drift higher and a bit of a bull Monday with the 10515 R2 level in their sights. They will certainly be keen to build on Friday's bounce from the 10380 level. In addition to the Hull MA resistance at 10470 this is also daily resistance so the first test of this level is likely to see a reaction - profit taking and some shorting. Above this, and we may well push above it this afternoon, then I am looking for a rise to test the 10515 R2 level, and possibly the 10524 daily level.

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