Ft-se traded lower yesterday making a new low of 5740. Trend line resistance comes in at 5768 and above here we see resistance 5771 this is the pivot point a break here will give us scope to trade up to 5780 this is the 61.8% fib retracement level, if we manage climb above here this will give us a target of 5804 the 50% fib level attempts shorts here as the market will need a correction.

The daily stochastics are still bearish and look like they have some way to go on the downside, the 240 mins and 60 mins are looking over sold.

SUPPORT
5757
5739
5729
5708*
5700
5695/90
5652
5628*
5610
5578
5533/25

 

RESISTANCE
5771
5779
5803
5828
5845
5858
5877
5900
5933*
5943/44

The article was first published by CharmerCharts