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FTSE 100 Daily Analysis - April 30, 2020

Published 04/30/2020, 03:48 AM
Updated 07/09/2023, 06:31 AM
UK100
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FTSE higher as expected reaching all targets as far as 6050/60 but has continued higher to 6126.

FTSE holding above first support at 6100/6090 is positive for today targeting 6165/6180. We are severely overbought in short term so watch for a high for the day. A break above 6200 however targets 6225, perhaps as far as 6275/85.

Longs at 6100/6090 need stops below 6060. Further losses could target 6000/5990.

Trends

  • Weekly outlook is negative
  • Daily outlook is neutral
  • Short Term outlook is positive

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