By in commentary, technical analysis

FTSE Technical Analysis

Three charts to show you today:
Here is a Weekly showing the gently sloping DOWNTREND LINE that can be placed above the lower highs since the failure/high in October 2007.

What this shows is that the recent rise has taken us up a key juncture. This has pretty much defined the recent highs TO THE TICK.
The next chart

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Silver Technical Analysis

This is the hot topic of the moment, with massive moves seen in recent days. Clive appeared on CNBC on April 27th talking about the “Long Legged Doji” reversal that we’d seen on the 25th, and how this might be a “top in place” if we subsequently broke $41. You can check this out

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Eurostoxx Technical Analysis – 4th May

This morning’s support and resistance levels in the Eurostoxx 50 Futures included 2957 as an important reference above and 2925 as our first support below. It is Midday now (in the UK) and the range has been 2926-2958. This is the kind of reliability our customers depend on us for.
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