UK: HSBC presses on the initial support – Analysis – 10-10-2018

HSBC price repeated providing negative trading, approaching from the initial support at 651.60, confirming the importance of surpassing the current level, to confirm its readiness to resume the negative attack, which allows it to reach 636.75 and 606.00.

Note that the stability of 680.60 level, which represents the initial resistance to increase the negative pressures, accompanied with the expected negative suggestion.

Expected trading range for today is between 680.60 and 636.75

Expected trend for today: Bearish