Technical alert: US100

The upward move on the US100 index was halted today in the vicinity of highs from March 7 (8285 pts). Nevertheless, short-term trend remains upward therefore there is a high chance index will continue to gain. Key support and resistance areas can be found on the chart below. The bearish signal may surface on the chart once the price breaks below the support at 7970 pts. One should be aware that US jobless claims data (1:30 pm BST) may trigger a spike in volatility on USD and stock indices.

US100 M30 interval. Source: xStation5

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Morning wrap
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.