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Weak bullish with 10350 then 10294 support | 10415 10431 resistance

Nick@ht-admin
#1 · 3rd June 2026, 11:10 am

Technical analysis for 3rd June 2026

The bullish momentum in the US indices remains intact, but we're now approaching short-term resistance zones where pullbacks are becoming more likely. DAX is consolidating, FTSE remains relatively weak, and Gold has resumed its broader bearish structure.

FTSE 100

  • Bias: Neutral to Slightly Bearish
    • Still trading below declining trendline resistance.
    • Price remains below key moving averages.
    • Recent bounce lacks conviction.
    • Relative strength weaker than DAX and US indices.
  • Levels
    • Resistance: 10,391 → 10,416 → 10,452
    • Support: 10,322 → 10,264
  • Trading Bias
    • Sellers likely active into rallies.
    • Need a daily close above 10,400–10,450 to turn constructive.
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Last edited on 3rd June 2026, 11:12 am by Nick