• UK100 approaching support, potential bounce!

    UK100 is approaching our first support at 6685 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support, descending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 5949 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance). Stochastic (89,5,3) is also approaching support and […]

  • UK100 approaching support, potential bounce!

    UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracemen, horizontal swing low support) and a strong drop might occur below this level pushing price up to our major resistance at 7205 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance). Stochastic (34,5,3) is also approaching support and we might […]

  • UK100 approaching support, potential bounce!

    UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 7220 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might […]

  • UK100 approaching resistance, potential drop!

    UK100 is approaching our first resistance at 7225 (horizontal overlap resistance, 38.2%, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur pushing price down to our major support at 6921 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding […]

  • The Oil prices are recovering along with the global equity market!

    The OPEC members are close to reaching an agreement on the output freeze after a tough week on the market.