Jittery still | 7560 7500 support | 7630 resistance | Daily analysis signals alerts

7176 support this morning with 7245 resistance | US China trade talk breakthrough | Live trading chat room

2nd July 2018

Asian equity markets began indecisively with the region constrained by disappointing data releases including Chinese Official & Caixin Manufacturing PMIs. Looking ahead to todays news, highlights include Eurozone, UK and US mfg PMIs, US construction spending, ISM manufacturing and ECB’s Praet. We also have NFP in the US on Friday, and they will also have a public holiday on the 4th (Wednesday).

FTSE 100 Trading Signals, Forecast and Prediction

Getting well into the summer trading season now, and the start of the new month should see an initial kick up as the new months money flows in. Last week was pretty choppy owing to trade war talk still, tariffs, etc – coupled with a bit lower volume. The overall short term trend is quite bearish still, with 7631 resistance showing on the 2 hour chart, and the moving averages on the daily chart still bearish. The bulls will need to push above 7715 to start thinking about a trend change, and that opens up 7760 and possibly higher.

Bloomberg’s Asia Report here


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