FTSE used 5765/75 as support to target 5790/5800 and 5820/30 but stalled just below the next target of 5870.
FTSE remains in a sideways trend. First support at 5810/00 but below 5790 targets 5770 with strong support at 5745/35. Longs need stops below 5710. Next target and support at 5650/40.
First resistance at 5860/70. A break higher targets 5900/10 and key resistance at the April recovery high at 5925/35.
Trends
- Weekly outlook is negative
- Daily outlook is neutral
- Short Term outlook is neutral