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.

Inflation drops to 7.9% | 7535 7570 resistance | 7440 7411 support | BTFD

Nick@ht-admin
#1 · 19th July 2023, 9:16 am

 

FTSE 100 trading prediction and analysis for 19th July 2023

The FTSE 100 closed 0.64pc higher at 7,453.69 after a last-minute rally, while the FTSE 250 midcap index has finished up 1.16pc at 18,618.22.

Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided.

FTSE 100 trading prediction and analysis

Great climb on the S&P500 yesterday from the 4515 support level and leading the charge for the bulls. UK inflation data has just come out while doing this analysis this morning and a drop to 7.9% will help buoy the FTSE100 for today and likely see a rise towards the 7530 resistance level if they can break 7480.

READ MORE

Click for thumbs down.0Click for thumbs up.0
Last edited on 19th July 2023, 9:22 am by Nick