Monday, July 5, 2010

FTSE - Weekly Market Thought 05072010

Important sell off last week. FTSE end week losing 208 points.
More information about this index UK Indices .
Broke last week suport 5040, key and must important suport area of last weeks.
We shouldn`t ignore the signal. Is now more vulnerable and below 5040 area, expect more damage next weeks.
Below 5040 target 4640 possible extension to 4390.
If this is a false breakout bulls will try to hold 4776 and close weekly chart again above 5040 area.
Important ftse regain again this or next week last key suport area.
Suportes 4390, 4640 and 4776
Resistances: 5040 and range [5213,5258]
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Click to zoom in. Good luck folks.

FTSE - Weekly Chart


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