FTSE 100 Support & Resistance Levels

[rfk_from_za]

Hi Guys,

Was just wondering if anyone knows of any web sites that publish FTSE 100 Support, Resistance and Daily Pivot figures. I know how to calculate them, but I wouldn't mind making sure my figures match up to what others are seeing.

cheers

Rob

 

[FetteredChinos]

no idea, sorry..

you can see S&R from a chart. only use recent activity, as other levels have probably been violated...

as for pivots, dont get me started...

 

[rfk_from_za]

Out of curiosity what do you use for your initial support and resistance levels. Eg. months low, weeks low. Some sort of Fibonacci derived number. Since I am just getting my feet wet in technical analysis it would be interesting to see what others are using in order to help guide their entry and exit points.

Rob

 

[FetteredChinos]

any level can be support or resistance..

when trading intraday , i wouldnt look too much beyond the high/low etc from 2-3 days ago....

 

[tomorton]

I am sceptical re s/r, pivot and Fibonacci levels, especially re price levels identified by calculation but which price has sailed through or not even reached yet. Compared to trend I just don't see these things being sufficiently reliable predictors of future price behaviour to change entry points or position management. Of course they look dramatic on a carefully selected historic price chart, but so do lots of things like MAs and head-and-shoulders.