Range still 7490 to 7640 | NFP tomorrow | Learn to trade | Analysis Signals Alerts

Consolidation day with resistance zone 7170 to 7235 in play | 7135 7055 support | trading live chat room

5th July 2018

With the US closed yesterday for Independence Day holidays the markets were pretty flat. The short on the S&P managed a small gain, while the FTSE 100 was pretty much flatlined, though maintains its bearish feel still. It will be all eyes on tomorrow now as we have NFP out at 1330, while trade wars linger, resulting in Asian stock markets declining again, to a new 9 month low ahead of the planned implementation this week of trade restrictions between the U.S. and China.

FTSE 100 Trading Signals, Forecast and Prediction

We have a bit of possible bullishness creeping in on the 2 hour chart first thing this morning and the 7575 area looks pretty key. After a flat day yesterday S3 and a key fib are fairly close at 7533 and 7528 respectively, and should bee get a dip down to this area then it is worth a long here as I expect this area to hold. The current range in play is 7500 to 7645 so trading at the ends of this range make sense still, we might not have massive moves today ahead of the NFP news tomorrow either.

Bloomberg’s Asia Report here


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