FTSE key TECHNICAL LEVELS
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Cash prices
| 6th resistance | 5700 | 61.8% Fib retracement |
| 5th resistance | 5630 | Previous resistance line |
| 4th resistance | 5624 | Previous high |
| 3rd resistance | 5581 | 200-day moving average |
| 2nd resistance | 5545 | Previous support line |
| 1st resistance | 5525 | Yesterday’s high |
| 1st support | 5515 | 55-90min moving average |
| 2nd support | 5447 | Yesterday’s low |
| 3rd support | 5435 | Previous low |
| 4th support | 5427 | 50% retracement |
| 5th support | 5380 | 61.8% Fib retracement |
| 6th support | 5230 | Previous low |
| 7th support | 5075 | November 25 low |
If you are short:
1st resistance at 5525 (yesterday’s high). Weak stop loss above that level.
2nd resistance at 5545 (previous support line). Fair stop loss above that level.
3rd resistance at 5581 (200-day moving average). Strong stop loss above that level.
If you are long:
1st support at 5515 (55-90min moving average). Weak stop loss below that level.
2nd support at 5447 (yesterday’s low). Fair stop loss below that level.
3rd support at 5427 (50% retracement). Strong stop loss below that level.
Courtesy of www.bettertrader.co.uk, click here for link
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