1st May 2018 – FTSE 100 Trading signals – Learn to trade the markets
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Bit of a flattish day on the FTSE 100 yesterday as cable continued to decline and a bit of month end profit taking kicked in just below the 7548 resistance fib level we had pencilled in. After hours saw a low of 7490 which was then bought up and I am expecting a bit of a rise today as the new month money flows in. Several markets are closed for the labour day bank holiday, including Germany. Data highlights today include UK and US mfg PMI, Canadian GDP, US construction PMI, ISM mfg PMI. On the earnings front, Apple release today which will be the main event and will have an effect on US markets after the bell.
FTSE 100 Trading Signals, Forecast and Prediction
For today I am expecting a rise first thing as the new month money comes in, and we also build on the pull back that we had yesterday to 7490. I am looking at a rise today towards the first key resistance level at 7554, with 7578 above that. So a case of buy the dip this morning if there is one.
Bloomberg’s Asia Report here
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