key ftse technical levels

By
0 mins. to read

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

Comments (0)

Comments are closed.

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.