– Thursday Daily candle closed Bearish at 199.200 forming Weak Daily Resistance at 199.330 as price ranges on the Hourly timeframe. I’ll be looking for potential Buys above 199.720 targeting 200.550 to fill the previous Monthly High for April, Leaving Runners to the previous Daily Support formed on 11th May 2008 around 201.000. I’ll be looking for potential Sells below 198.990 targeting 4h Support around 198.380 and the 4h previous Resistance formed around 198.030 level. The upcoming release of retail sales figures during the pre-London session is expected to generate significant market volume, presenting promising opportunities for traders to participate in the market.
