hilsdentrading

hilsdentrading

We have the Fed rate decision later, expected rate rise to 0.75%. The FTSE will likely be fairly flat today, but has resistance at 7005 and 7030. 6975 which was the Hull 100 moving average on the 2 hour chart has capped the Tuesday bull run, though bulls will be keen to keep the momentum going with 6950 support. Below that then 6860 is daily support for the...

hilsdentrading

Looking at a buy initially at around the 6713 area for a rise to 6766 today before more downside.

hilsdentrading

Fib retrace area of the election result climb is at 6760; 61.8% retrace area is at 6696. Might be dipping to shake out the longs ready for another push higher.

hilsdentrading

As posted the other day and on the website, 7055 resistance has been hit so looking for a drop down from this area to sub 7000.

hilsdentrading Updated 

Had support at 6973 and resistance at 7055 for today. Might still reach that high, as the EIA oil report, plus a 8.7 divi have driven this up this afternoon. Gold has started rising and broken through the 1262 resistance (possible back test on that), which might be a precursor to some FTSE bearishness for the second half of the week. That said, it is still worth...

hilsdentrading

My 2 hour chart has resistance at 6990 now Support still at 6930 - if this breaks then 6875 and then 6800 looks likely.

hilsdentrading

The key now will be if the lows yesterday hold and the bulls can get a rise back up. However, since we rose yesterday the short term charts are still weakly bullish, whilst the daily charts are not, showing decent resistance at the 6795 area, where we have the 25ema on the daily chart, and also the R1 level. The bulls will be keen to hold the 6700 area if we get...

hilsdentrading

Got some resistance at 6835 so thinking a dip from there to 6792

hilsdentrading Updated 

Dip from 6851 to 6805 this afternoon