FTSE 100 Key Levels

08/02/2012

Cash prices

6th resistance	5980	Previous support line
5th resistance	5920	Resistance line
4th resistance	5828	78.6% Fib retracement
3rd resistance	5732	Previous support line
2nd resistance	5727	Previous high
1st resistance	5713	Yesterday's high
1st support	5633	Yesterday's low
2nd support	5625	200-day moving average
3rd support	5603	55-90min moving average
4th support	5479	50% retracement
5th support	5478	Previous low
6th support	5420	61.8% Fib retracement
7th support	5320	Support line
8th support	5230	June 1 low

If you are short:

1st resistance at 5713 (yesterday's high). Weak stop loss above that level.

2nd resistance at 5732 (previous support line). 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 5633 (yesterday's low). Weak stop loss below that level.

2nd support at 5625 (200-day moving average). Fair stop loss below that level.

3rd support at 5603 (55-90min moving average). Strong stop loss below that level.

Posted by Better Trader on 08/02/2012 at 07:56 AM in FTSE 100, Key Levels, Stop Losses | Permalink

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Better Trader

08/02/2012