FTSE 100 Key Levels

07/02/2012

Cash prices

6th resistance	5820	Previous high
5th resistance	5700	61.8% Fib retracement
4th resistance	5624	Previous high
3rd resistance	5620	Yesterday's high
2nd resistance	5615	Previous resistance line
1st resistance	5583	200-day moving average
1st support	5570	Previous support line
2nd support	5525	55-90min moving average
3rd support	5495	Yesterday's low
4th support	5435	Previous low
5th support	5427	50% retracement
6th support	5380	61.8% Fib retracement
7th support	5230	Previous low

If you are short:

1st resistance at 5583 (200-day moving average). Weak stop loss above that level.

2nd resistance at 5624 (previous high). Fair stop loss above that level.

3rd resistance at 5700 (61.8% Fib retracement). Strong stop loss above that level.

If you are long:

1st support at 5570 (previous support line). Weak stop loss below that level.

2nd support at 5525 (55-90min moving average). Fair stop loss below that level.

3rd support at 5495 (Friday's low). Strong stop loss below that level.

Posted by Better Trader on 07/02/2012 at 08:05 AM in FTSE 100, Key Levels, Stop Losses | Permalink

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Better Trader

07/02/2012