FTSE holding minor resistance at 5810/20

Jason Sen DayTradeIdeas.co.uk

FTSE

FTSE 100 December Futures in a very gently downward sloping channel but also very much in a pattern where we go down one day & recover the next. FTSE held up better than most markets yesterday.

Daily Analysis

FTSE holding minor resistance at 5810/20 re-targets 5770/60 then 5730/20 before a retest 1.5 month trend line support at 5680/70. Further losses retest the May low at 5651/45. A break below here targets 5615/11. Below 5600 look for 5565/55. Minor resistance at 5810/20 then strong resistance at 5860/70. Try shorts with stops above 5885.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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