FTSE 100 Key Levels

08/20/2012

Cash prices

6th resistance	6040	Previous support line
5th resistance	5989	March 14 high
4th resistance	5900	Resistance line
3rd resistance	5876	Previous high
2nd resistance	5870	Resistance line
1st resistance	5855	Yesterday's high
1st support	5835	55-90min moving average
2nd support	5834	Yesterday's low
3rd support	5660	Previous resistance line
4th support	5642	200-day moving average
5th support	5630	38.2% retracement
6th support	5585	Support line
7th support	5478	Previous low
8th support	5477	61.8% Fib retracement
9th support	5345	Support line

If you are short:

1st resistance at 5855 (Friday's high). Weak stop loss above that level.

2nd resistance at 5876 (previous high). Fair stop loss above that level.

3rd resistance at 5900 (resistance line). Strong stop loss above that level.

If you are long:

1st support at 5835 (55-90min moving average). Weak stop loss below that level.

2nd support at 5660 (previous resistance line). Fair stop loss below that level.

3rd support at 5642 (200-day moving average). Strong stop loss below that level.

Posted by Better Trader on 08/20/2012 at 08:25 AM in FTSE 100, Key Levels, Stop Losses | Permalink

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Better Trader

08/20/2012