key ftse technical levels

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Cash prices

7th resistance 5820 Previous high
6th resistance 5735 Previous resistance line
5th resistance 5603 61.8% Fib retracement
4th resistance 5557 200-day moving average
3rd resistance 5409 Previous high
2nd resistance 5385 Yesterday’s high
1st resistance 5375 Previous support line
1st support 5351 55-90min moving average
2nd support 5312 Yesterday’s low
3rd support 5268 78.6% Fib retracement
4th support 5253 Previous low
5th support 5235 Elliott wave target
6th support 5145 Previous resistance line

 

FTSE 100_120528

If you are short:

1st resistance at 5385 (Friday’s high). Weak stop loss above that level.

2nd resistance at 5409 (previous high). Fair stop loss above that level.

3rd resistance at 5557 (200-day moving average). Strong stop loss above that level.

If you are long:

1st support at 5351 (55-90min moving average). Weak stop loss below that level.

2nd support at 5312 (Friday’s low). Fair stop loss below that level.

3rd support at 5268 (78.6% Fib retracement). Strong stop loss below that level.

Courtesy of www.bettertrader.co.uk, click here for link

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