ME tensions continue | FTSE100 on support | 10199 10080 support | 10275 10382 resistance

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

DAX 40

• Bias: Bearish (with bounce potential)
  • Structure
    • Still trading within a falling channel.
    • Price below EMA25 (24,553).
    • Below EMA200 (24,503).
    • RSI around 39, showing weak momentum.
• Key Levels
  • Resistance: 24,356 → 24,730
  • Support: 23,794 → 23,606
• Trading View
  • Sell rallies into 24,300–24,450.
  • A break below 24,000 would likely accelerate selling.
  • Need a close above 24,550 to neutralize the bearish bias.
  • Expected path: 24,000–23,800 zone

Nasdaq 100

• Bias: Bearish
  • Structure
    • Lower highs and lower lows remain intact.
    • Price below EMA25 (29,317).
    • Trading beneath pivot (28,715).
    • Strong rejection from the recovery attempt.
• Key Levels
  • Resistance: 29,202 → 29,701
  • Support: 28,592 → 28,216 → 27,729
• Trading View
  • Prefer selling rallies while below 29,200.
  • Market remains vulnerable to another leg lower.
  • Expected path: 28,600 then 28,200

S&P 500

• Bias: Bearish
  • Structure
    • Trading below EMA25.
    • Below pivot (7,306).
    • Trend channel remains downward.
    • Recovery attempts continue to fail.
• Key Levels
  • Resistance: 7,388 → 7,479
  • Support: 7,214 → 7,132
• Trading View
  • Any rally into 7,380–7,450 is likely to meet sellers.
  • Bears remain in control below 7,450.
  • Expected path: 7,214 support test

Gold

• Bias: Strong Bearish
  • Structure
    • Steep descending channel.
    • Below EMA25 and EMA200.
    • Massive bearish impulse candle followed by only a weak bounce.
    • Trend remains firmly down.
• Key Levels
  • Resistance: 4,184 → 4,321
  • Support: 3,973 → 3,899
• Trading View
  • Continue looking for short opportunities on rallies.
  • Bulls need a close above 4,180–4,200 to improve the outlook.
  • Expected path: 3,970 area

Best Setups Today

• Gold Short
  • Still the cleanest trend.
• Nasdaq Short on Rally
  • Sell 29,000–29,200 resistance area.
• DAX Short if Bounce Fails
  • Watch 24,350–24,550 for rejection.

The key question today is whether the indices can stage a short-covering bounce after several days of declines. Until they reclaim their 25-day EMAs and pivots, rallies are still more likely to be selling opportunities than the start of a new uptrend.

---

Interested in how to start trading the FTSE 100? Frequently Asked Questions on Spread betting

---

Recommended Broker for trading - MT4/5, web and mobile

IC Markets - offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!

---

Join my Membership for Trading Tips, Support and Resistance Levels with Live Trading

If you would like more detailed analysis for FTSE 100, DAX40, Gold and the S&P500, including the trades that I am looking to take myself, then please join my active members community.

---

Keep up to date with new website posts, free sign up below