UK100 is approaching our first support at 6669.3 (61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 7000 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is also approaching...
UK100 is approaching our first resistance at 6915 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6685 (50% fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance and we might see a...
UK100 has bounced off its support at 6675 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7152 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) has bounced off its support at 8.7% where further rise could occur.
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...
UK100 is approaching its resistance at 6865 (61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 6717 (horizontal swing low support).
Ichimoku cloud also shows signs of bearish pressure that contributes to our bearish bias.
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...
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...
UK banks outperformed the benchmark for UK shares during the rout in global stock markets that began in October. UK bank share prices are down over the past two months, but by less than the FTSE 100 index.
Positive expectations for stress test results have played a role in limiting the damage to UK bank shares.
UK100 is approaching its support at 6860 (23.6% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 7193 (100% Fibonacci extension , 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is approaching its support at 8.7% where a corresponding bounce could occur.
UK100GBP is approaching our first support at 6921.2 (horizontal swing low support, 78.6% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 7225.1 (horizontal overlap resistance, 38.2%, 50% fibonacci retracement, 100% fibonacci extension).
Stochastic (89,5,3) is also...
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...
UK100 is approaching its support at 6860 (23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 7193 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is approaching its support at 8.7% where a corresponding bounce could occur.
UK100 is approaching its resistance at 7235 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially fall to its support at 7044 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
UK100 is testing its support at 6870.5 (61.8% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 7236 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support and a bullish divergence with price has been identified.
UK100 bounced off its support at at 6873 (61.8% Fibonacci extension, 76.4%, 50% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 7236 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support at 2.7%.
