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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