7770 resistance today | 7712 support | Trading analysis alerts signals learn to trade

7735 and 7783 resistance to watch | 7635 support | Trading analysis

6th June 2018 – FTSE 100 Trading signals – Learn to trade the markets

Nice drop off the 7725 area on the FTSE yesterday for our short, and the bears managed to to take int down to the 7670 support area in the end before the bulls came roaring back. The S&P 500 pushed higher for a fourth consecutive day, led by gains in financials and health care companies, to close about 100 points off its all-time high. The Dow Jones Industrial Average climbed the most in almost two months.


FTSE 100 Trading Signals, Forecast and Prediction

If the bulls can break 7750 today then we should see a rise towards the R2 and recent high at 7770, with a chance that we manage to reach 7810 today or tomorrow (top of the 10 day Raff channel). 7748 is the R2 level, while 7763 is the major fib level for today, conveniently just below the R2 at 7772 and around the high seen earlier this week, on Monday.

The bears will be keen to break 7710 initially, and then have the more major support at 7660 to break – which would lead down to 7610ish.

Bloomberg’s Asia Report here

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