Quote from Nick on 4th June 2026, 10:30 am

Technical analysis for 4th June 2026

The tone has shifted slightly from yesterday. The US indices are still in primary uptrends, but they're now showing signs of short-term exhaustion and consolidation. DAX has turned weaker, FTSE remains the weakest equity index, and Gold is attempting a counter-trend bounce inside a broader downtrend.

FTSE 100

• Bias: Bearish
  • Technical View
    • Clear descending channel.
    • Trading below both moving averages.
    • Lower highs and lower lows continue.
    • Relative weakness versus DAX and US markets remains obvious.
• Key Levels
  • Resistance: 10,322 → 10,362 → 10,404
  • Support: 10,250 → 10,210 → 10,138
• Trade Plan
  • Sell rallies into resistance.
  • Only a move above 10,360 would improve outlook.
  • Target: 10,250 then 10,210

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