FTSE 100 Key Levels

07/31/2012

Cash prices

7th resistance	5980	Previous support line
6th resistance	5900	Resistance line
5th resistance	5828	78.6% Fib retracement
4th resistance	5727	Previous high
3rd resistance	5707	Yesterday's high
2nd resistance	5705	Previous support line
1st resistance	5700	Resistance line
1st support	5625	Yesterday's low
2nd support	5624	200-day moving average
3rd support	5600	55-90min moving average
4th support	5479	50% retracement
5th support	5478	Previous low
6th support	5420	61.8% Fib retracement
7th support	5305	Support line
8th support	5230	June 1 low

If you are short:

1st resistance at 5705 (previous support line). Weak stop loss above that level.

2nd resistance at 5727 (previous high). Fair stop loss above that level.

3rd resistance at 5828 (78.6% Fib retracement). Strong stop loss above that level.

If you are long:

1st support at 5624 (200-day moving average). Weak stop loss below that level.

2nd support at 5600 (55-90min moving average). Fair stop loss below that level.

3rd support at 5478 (previous low). Strong stop loss below that level.

Posted by Better Trader on 07/31/2012 at 07:54 AM in FTSE 100, Key Levels, Stop Losses | Permalink

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Better Trader

07/31/2012