12th April 2018 – FTSE 100 Trading signals
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The FTSE 100 was pretty flat in hours yesterday with just a small reaction at 7261 where we had our short. After hours yesterday evening saw a decline down to 7230 as the US markets dropped a little, and then overnight we have climbed back a bit. As mentioned yesterday traders are on tenterhooks so see what is going to pan out in Syria, trade tariffs, earnings, data and so on, so markets are also a bit wary. There was little by way of an immediate reaction for the FOMC minutes yesterday, however, as the dust settled, traders latched-on to the more hawkish headlines.
FTSE 100 Trading Signals, Forecast and Prediction
For today I think we might see the upper resistance level at 7278 again, and there is a chance that we see higher than this towards 7330. The bulls hung on pretty well yesterday with a small drop off the early resistance and they tried to break the 7260 resistance, failing on this first attempt. The bears fought back though with a small drop from this level, though didn’t really take the fight to the bulls, only managing a small drop yesterday and overnight.
Bloomberg’s Asia Report here
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