FTSE: Key resistance at 5650

Jason Sen DayTradeIdeas.co.uk

FTSE 100 JUNE Futures

FTSE mostly in a sideways consolidation pattern, although we beat 5540 for a short term buy signal targeting 5580/90, 5615/25 & 5650/60.

Daily Analysis

FTSE key resistance at 5650/60 but above here targets 5685/95. Above 5710 look for a retest of the last swing high at 5780/90 with strong resistance from here up to 5830/40.

Minor support at 5590/80, strong support at 5550/40. On further losses look for a buying opportunity at 5490/80, with stops below 5460.

Trends

Weekly outlook is negative.

Daily outlook is neutral.

Short Term outlook is neutral.

Author

Jason Sen

DayTradeIdeas.co.uk

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