Quote from Nick on 11th June 2026, 8:13 am

Technical analysis for 11th June 2026

The overall picture remains risk-off, but there are signs that the selling is becoming stretched. DAX and FTSE are sitting near support areas where a short-covering bounce is possible, while Nasdaq and S&P remain technically bearish. Gold is still the weakest chart.

FTSE 100

• Bias: Bearish
  • Structure
    • Still inside descending channel.
    • Trading below EMA25 and EMA200.
    • Relative strength remains weak.
    • Yesterday's green candle looks more like a relief bounce than a trend reversal.
• Key Levels
  • Resistance: 10,275 → 10,382
  • Support: 10,091 → 10,017 → 10,000
• Trading View
  • Prefer selling strength below 10,300.
  • A break under 10,090 would expose 10,000.
  • Expected path: 10,090 then 10,000

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