FTSE Trading Report - 19 February 2013

Today we have a 8 point dividend on the FTSE which should have a bullish effect if the FTSE holds above 6300 this morning [Read the full report]

FTSE Trading Report - 18 February 2013

The FTSE is drifting between our key resistance level at 6350 and support at 6300.  If the FTSE holds 6300 again this morning and trades above 6350 yet again then its likely the index will make another attempt on 6380. Likewise a break down below 6300 this morning after Friday's failed attempt at 6350 is bearish 

FTSE Trading Report - 15 February 2013

Its expiry day on the FTSE which will take place between 10.10am-10.20am. For new traders its worth observing this price action.

FTSE Trading Report - 14 February 2013

Yesterday we saw a rally towards 6384 which to the naked eye does not represent major resistance but if you add the 17 point dividend which came off the market yesterday the market has achieved 6400 which is a major resistance channel.  We have to be careful getting too bullish here even though the market has made new highs. This is often the time the retail market get caught off side with extreme positive sentiment [Read the full report]

FTSE Trading Report - 13 February 2013

After a strong rally yesterday the FTSE may well consolidate for the morning session.  A likely range could be 6290 – 6330 [Read the full report]

FTSE Trading Report - 12 February 2013

The FTSE has a large dividend today standing at 17.3 so as long as we see #### (clients only) pips higher than the 8am open today we should see a bullish effect on the FTSE during the last hour of trade. Refer to appendix 2 in your manuals for further information on this [Read the full report]

FTSE Trading Report - 11 February 2013

The FTSE looks to be opening unchanged (same price as the close on Friday) this morning. The overall trend for the FTSE is still up but the recent correction looks to be incomplete with a final move towards 6170 due [Read the full report]