FTSE 100 Key Levels

05/25/2012

Cash prices

7th resistance	5740	Previous resistance line
6th resistance	5603	61.8% Fib retracement
5th resistance	5557	200-day moving average
4th resistance	5409	Previous high
3rd resistance	5382	Previous support line
2nd resistance	5372	Yesterday's high
1st resistance	5367	55-90min moving average
1st support	5268	78.6% Fib retracement
2nd support	5266	Yesterday's low
3rd support	5253	Previous low
4th support	5235	Elliott wave target
5th support	5150	Previous resistance line

If you are short:

1st resistance at 5372 (yesterday's high). Weak stop loss above that level.

2nd resistance at 5409 (previous high). Fair stop loss above that level.

3rd resistance at 5557 (200-day moving average). Strong stop loss above that level.

If you are long:

1st support at 5266 (yesterday's low). Weak stop loss below that level.

2nd support at 5253 (previous low). Fair stop loss below that level.

3rd support at 5235 (Elliott wave target). Strong stop loss below that level.

Posted by Better Trader on 05/25/2012 at 07:55 AM in FTSE 100, Key Levels, Stop Losses | Permalink

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Better Trader

05/25/2012