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FTSE100: 61.8% fib and Bullish Divergence

FTSE100 is one of the best performing index in European market and has jumped more than 12.5% in past 3-months on account of positive Brexit news and strong global market due to easing US-China trade tensions. EU27 said that Brexit can be extended till Apr 12th and max extension can be May 22 if House of common approves the twice rejected withdrawal agreement. It hits high of 7371 and is currently trading around 7296.

 

On the lower side, near term support is around 7280 and any violation below will drag the index to next level till 7240 (200- day MA)/7215 (300- day EMA)/7180.

 

The major resistance is around 7385 (61.8% fib) and any break above will take the FTSE till 7420/7460 in short term.

 

It is good to sell on rallies around 7320-25 with SL around 7375 for the TP of 7215.

 

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April 23 14:00 UTC Released

USNew Home Sales Chg MM

Actual

4.5 %

Forecast

-2.5 %

Previous

4.9 %

April 23 14:00 UTC Released

USUnits

Actual

0.692 %

Forecast

0.65 %

Previous

0.667 %

January 31 00:00 UTC 645051645051m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 645051645051m

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2016 bln ARS

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January 22 19:00 UTC 656871656871m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 645051645051m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 656871656871m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 645051645051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645051645051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645051645051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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