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

ForumTrading Forum with market discussion and live trades: Market DiscussionEquities gain despite recession | …

Please or Register to create posts and topics.

Equities gain despite recession | 7657 7671 7714 resistance | 7605 7580 support

#1 · 16th February 2024, 10:10 am

Technical analysis for FTSE 100 for 16th February 2024

The bulls are continuing to fight back well despite news of war, recessions, no rate cuts and so on! We tested the 7620 level overnight and have broken through so the bulls will be looking to consolidate that move and push higher on any dip today.

Above the 7647 R1 level that has held overnight they will be aiming for the next daily level of note at the 7663 10d Raff, with the possibility of 7722 above that. Might be a big ask for a Friday and is also just above R3. Do bear it in mind though.