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New month money but 10430 resistance | 10471 above | 10330 support

Nick@ht-admin
#1 · 1st June 2026, 9:23 am

Technical analysis for 1st June 2026

Based on today's daily charts, the overall picture remains bullish for equities, but the FTSE100 is still the laggard and Gold is attempting a recovery rather than trending strongly.

FTSE 100

  • Bias: Neutral / Slightly Bullish
    • Why
      • Price remains below the recent swing highs.
      • Trading around the EMA cluster and pivot.
      • Momentum weaker than DAX and US indices.
      • Market is consolidating rather than trending.
  • Key Levels
    • Support: 10,394 → 10,327
    • Resistance: 10,429 → 10,497 → 10,530
  • Trade View
    • Range trade until breakout.
    • Bullish only if 10,430–10,500 is reclaimed convincingly.
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Last edited on 1st June 2026, 9:24 am by Nick