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 DiscussionUS PCE Data | 8345 8396 resistanc …

Please or Register to create posts and topics.

US PCE Data | 8345 8396 resistance | 8280 8250 support | Rise and dip

#1 · 27th September 2024, 10:38 am

Technical analysis for FTSE 100 for 27th September 2024

The FTSE 100 closed up on Thursday, though lagging its European peers as energy giants slipped tracking declining crude oil prices, which offset gains from China-exposed pockets of the market following Beijing's latest pledge for more policy measures.

We are still hovering at the 8300 area and the main levels in play for today at 8250 support and 8345 resistance. We may well just stay between these today, with a rise and dip playing out. The ASX200 was weaker so we may follow suit and with oil dropping a bit that will weigh on the FTSE100. It's also Friday so likely to be slightly odd, and profit taking ahead of the weekend is distinctly possible.

READ MORE