FTSE 100 Key Levels

08/06/2012

Cash prices

6th resistance	5980	Previous support line
5th resistance	5895	Resistance line
4th resistance	5828	78.6% Fib retracement
3rd resistance	5820	Previous high
2nd resistance	5795	Previous support line
1st resistance	5794	Yesterday's high
1st support	5662	Yesterday's low
2nd support	5628	200-day moving average
3rd support	5626	55-90min moving average
4th support	5578	38.2% retracement
5th support	5478	Previous low
6th support	5444	61.8% Fib retracement
7th support	5320	Support line
8th support	5230	June 1 low

If you are short:

1st resistance at 5794 (Friday's high). Weak stop loss above that level.

2nd resistance at 5820 (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 5662 (Friday's low). Weak stop loss below that level.

2nd support at 5626 (55-90min moving average). Fair stop loss below that level.

3rd support at 5578 (38.2% Fib retracement). Strong stop loss below that level.

Posted by Better Trader on 08/06/2012 at 08:20 AM in FTSE 100, Key Levels, Stop Losses | Permalink

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Better Trader

08/06/2012