Discussion Forum for trading analysis, help, signals and trading

Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

Forum Navigation
Please or Register to create posts and topics.

Bulls need to defend today | 7853 7812 support | 7913 7954 resistance

Nick@ht-admin
#1 · 18th April 2024, 9:15 am

Technical analysis for FTSE 100 for 18th April 2024

Great bounce off the 7800 yesterday, and the 5040 S&P500 level held initially. Despite then dropping to the 5010 the bulls fought back and if they can keep that momentum going then we could be on for a test of the 5100 area. Likewise the 7913 FTSE100 resistance looks like it might be tested  today.

That is the first hurdle for the bulls to break, and if they do so then 7952 R2 is next up.

Click for thumbs down.0Click for thumbs up.0
Last edited on 18th April 2024, 9:16 am by Nick