FTSE: Holding above 5635 targets 5685
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FTSE 100 JUNE Futures
FTSE mostly in a sideways consolidation pattern as hold 10 ticks above strong support at 5550/30 & beat first resistance at 5635/60 to target 5685/95 & 5715/25.
Dialy Analysis
FTSE holding above 5635/60 targets 5685/95 & 5715/25 before a retest of the last swing high at 5780/90 with strong resistance from here up to 5830/40.
Strong support at 5540/60. Longs need stops below 5500. On further losses look for 5470/65, then a buying opportunity at 5420/10, with stops below 5380.
Trends
Weekly outlook is negative.
Daily outlook is neutral.
Short Term outlook is neutral.
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