FTSE used 5765/75 as support to target 5790/5800 and 5820/30 but stalled just below the next target of 5870.
FTSE remains in a sideways trend. First support at 5810/00 but below 5790 targets 5770 with strong support at 5745/35. Longs need stops below 5710. Next target and support at 5650/40.
First resistance at 5860/70. A break higher targets 5900/10 and key resistance at the April recovery high at 5925/35.
Trends
- Weekly outlook is negative
- Daily outlook is neutral
- Short Term outlook is neutral
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI