FTSE 100 June Futures we wrote: Shorts at 6280/90 target 6225/15 (hit Tuesday) with first support at 6170/50 (being targeted overnight).
Scalping shorts at the 6280/90 level was the perfect trade of the day offering multiple profits of 20-40 ticks reach time.
Today’s Analysis
FTSE September first resistance at 6185/95 could see a high for the day, stop above 6210. We then meet a selling opportunity at 6250/70 with stops above 6290. A break higher is a buy signal for today targeting 6310, 6330 and perhaps as far as 6350/55.
Shorts at 6185/95 target 6150/40 with first support at 6125/15 for some profit-taking. If you try longs here use stops below 6100 and be ready to sell a break below here for 6070/60, perhaps as far as 6040/30.
Trends
- Weekly outlook is negative
- Daily outlook is neutral
- Short Term outlook is neutral