Pivot Point 5281. Market looking to open weak with Asia down 2%. Daily range has been 84pts on avergae over the last 10 trading days. GDP figures for Q4 2009 are expected at 09:30 GMT to show th UK out of recession and predicted growth of 0.3% with Q3 rounded up to -0.2%, This should provide a boost to £ and the Market. Long positions set up 5190-5200. Looking for a Low to be made within the next 3 trading sessions. Major support @ 5200 needs to hold. Failing that we could see a quick move down to test 5000 level. 15min indicators are all flashing SHORT. Support at 5175, 5191 and 5206. Resistance at 5262, 5286 and 5309. Trading range today 5200-5300
Australia ASX200 (4718) closed for Holiday. Resistance 4860
Japan Nikkei 225 (10325) down 187pts -1.8% Resistance @ 10700Shanghai Composite (3019) down 75pts -2.4%. Support @ 3000
USA S&P500 (1097) was up 5pts 0.5% Support @ 1080
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