Better Trader

Economic Calendar

Important announcements today (UK Time):

US Personal Income & Outlays at 13:30

US Pending Home Sales at 15:00

FTSE 100 Key Levels

Cash prices

7th resistance	6675	Resistance line
6th resistance	6635	Previous support line
5th resistance	6615	Resistance line
4th resistance	6534	March 12 high
3rd resistance	6467	Previous high
2nd resistance	6455	Resistance line
1st resistance	6442	Yesterday's high
1st support	6399	Yesterday's low
2nd support	6364	Previous resistance line
3rd support	6338	55-90min moving average
4th support	6285	Previous resistance line
5th support	6234	Support line
6th support	6225	Previous low
7th support	6178	38.2% Fib retracement
8th support	6078	Previous resistance line
9th support	6011	200-day moving average
10th support	5958	61.8% Fib retracement
11th support	5955	Support line
12th support	5863	Previous resistance line

 

If you are short:

1st resistance at 6442 (Friday's high). Weak stop loss above that level.

2nd resistance at 6455 (resistance line). Fair stop loss above that level.

3rd resistance at 6467 (previous high). Strong stop loss above that level.

If you are long:

1st support at 6399 (Friday's low). Weak stop loss below that level.

2nd support at 6364 (previous resistance line). Fair stop loss below that level.

3rd support at 6338 (55-90min moving average). Strong stop loss below that level.

Today's FTSE 100 Binary Tip

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Binary betting on the FTSE 100 is fun. We tell you if the FTSE 100 will close up or down at 16:30. Click here to learn more about binary betting.

Market Preview: German CPI and EU confidence indices in spotlight | Tradingfloor.com

The FTSE 100 is likely to open three points in the red.

The Gfk Consumer Confidence Index is scheduled for release today.

Aberdeen Asset Management (ADN), Eurasia Drilling (EDCL), Redefine International (RDI), Cambria Automobiles (CAMB) and Egdon Resources (EDR) are scheduled to report their results later today.

BHP Billiton (BLT) has agreed to sell its Pinto Valley copper mine operation and a railroad in Arizona to Capstone Mining Corporation for a consideration of USD 650 million.

Rio Tinto (RIO) has stated that its Kennecott Utah copper mine expects to resume transporting copper ore to the concentrator at its Bingham Canyon mine in the next few days.

The Financial Times has reported that Matthew Elderfield, Ireland’s chief banking regulator, is likely to be approved as the new head of compliance at Lloyds Banking Group (LLOY).

The Sunday Times has reported that Invensys (ISYS) might face a fresh takeover bid after ValueAct Capital, a US activist hedge fund, build around an eight percent stake in the company.

via www.tradingfloor.com

S&P 500 Key Levels

Cash prices

5th resistance	1616	Resistance line
4th resistance	1614	Previous support line
3rd resistance	1598	Resistance line
2nd resistance	1597	Previous high
1st resistance	1593	Yesterday's high
1st support	1569	55-90min moving average
2nd support	1549	Yesterday's low
3rd support	1546	Previous resistance line
4th support	1545	Support line
5th support	1536	Previous low
6th support	1529	Previous support line
7th support	1500	38.2% Fib retracement
8th support	1482	Previous resistance line
9th support	1459	200-day moving average
10th support	1441	61.8% Fib retracement
11th support	1411	previous resistance line

 

If you are short:

1st resistance at 1593 (yesterday's high). Weak stop loss above that level.

2nd resistance at 1598 (resistance line). Fair stop loss above that level.

3rd resistance at 1614 (previous support line). Strong stop loss above that level.

If you are long:

1st support at 1569 (55-90min moving average). Weak stop loss below that level.

2nd support at 1549 (yesterday's low). Fair stop loss below that level.

3rd support at 1545 (support line). Strong stop loss below that level.

UK Stocks Timing Report

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This report is updated every 48 hours and highlights the stocks with the most upside potential over the next four weeks.

FTSE 100, S&P 500 Short Term Forecast

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Stock market forecast for swing traders on the FTSE 100 and S&P 500 using technical and Elliott wave analysis.

Market Trends

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Each day we publish our view on the near-term trend on the S&P 500, EUR/USD, Gold and Crude Oil with potential levels to watch and the likelihood of a trend reversal.

Economic Calendar

Important announcements today (UK Time):

US GDP at 13:30

US Consumer Sentiment at 14:55

FTSE 100 Key Levels

Cash prices

7th resistance	6668	Resistance line
6th resistance	6623	Previous support line
5th resistance	6615	Resistance line
4th resistance	6534	March 12 high
3rd resistance	6502	Previous high
2nd resistance	6467	Yesterday's high
1st resistance	6456	Resistance line
1st support	6412	Yesterday's low
2nd support	6359	Previous resistance line
3rd support	6329	55-90min moving average
4th support	6288	Previous resistance line
5th support	6233	Support line
6th support	6225	Previous low
7th support	6178	38.2% Fib retracement
8th support	6077	Previous resistance line
9th support	6007	200-day moving average
10th support	5958	61.8% Fib retracement
11th support	5951	Support line
12th support	5863	Previous resistance line

 

If you are short:

1st resistance at 6456 (resistance line). Weak stop loss above that level.

2nd resistance at 6467 (yesterday's high). Fair stop loss above that level.

3rd resistance at 6502 (previous high). Strong stop loss above that level.

If you are long:

1st support at 6412 (yesterday's low). Weak stop loss below that level.

2nd support at 6359 (previous resistance line). Fair stop loss below that level.

3rd support at 6329 (55-90min moving average). Strong stop loss below that level.