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FTSE 100 Daily Forecast - May 27, 2020

Published 05/27/2020, 05:22 AM
Updated 07/09/2023, 06:31 AM
UK100
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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

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