FSTE: First resistance at 6150
|Ftse
FTSE 100 September Futures remain very much in a sideways trend as expected, as we give up 2 days of gains on Friday. We broke first support at 6150/70 to hit the next target of 6115/05.
Daily Analysis
FTSE tests minor support at 6115/05 before a retest of last week's low at 6060/40. A break lower risks a retest of 2 week lows at 5995/85.
First resistance at 6150/70 but above here retests the 3 days high at 6220/25. A break above 6225 opens the door to 6265/70 before a retest of this week's high at 6300/03.
Trends
Weekly outlook is negative.
Daily outlook is neutral.
Short Term outlook is neutral.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.