FTSE gapped higher and reached 6160, unable to retest key resistance at the April recovery high at 6180/90.
Today’s Analysis
FTSE first support at 6040/30. A break below 6020 is a sell signal targeting 6000/5990 and strong support at 5970/60. Longs need stops below 5945.
Holding support at 6040/30 targets 6080 with minor resistance at 6110/20. A break higher meets key resistance at the April recovery high at 6180/90. A break above 6200 is a buy signal of course.
Trends
- Weekly outlook is negative
- Daily outlook is neutral
- Short Term outlook is neutral