Tech on S&P futures

Market news

12 December 2011

Tech on S&P futures

Resistance 2:1267/70 (area of Nov 14, Dec 5-8 highs)

Resistance 2:1270 (Nov 14 high)

Resistance 1:1245 (intraday high)

Ccurrent price: 1230,50

Support 1 : 1221 (Nov 9 low, 38,2 % 1147-1267)

Support 2 : 1208 (50,0 % 1147-1267)

Support 3 : 1193 (61,8 % 1147-1267)

Deutsche Bank become the last to see further UK easing in 2012. In their latest research note, the bank says it seen an additional stg 75 bn of QE in Feb, followed by an additional stg 50 bn in May.

Option expiries for today's 1500GMT cut:

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