{"id":284,"date":"2012-08-16T10:49:51","date_gmt":"2012-08-16T10:49:51","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=284"},"modified":"2012-08-16T10:49:51","modified_gmt":"2012-08-16T10:49:51","slug":"ftse-futures-technical-analysis-for-16th-august","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2012\/08\/16\/ftse-futures-technical-analysis-for-16th-august\/","title":{"rendered":"FTSE Futures Technical Analysis for 16th August"},"content":{"rendered":"

Below is the commentary and chart from\u00a0the FTSE Futures report sent to our clients this morning prior to the open. We had a look at the “bigger picture” today, and it’s an interesting chart…<\/p>\n

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The short term charts are easy to \u201cread\u201d at the moment. We have seen two failures at 5860, with 5795 the low between these two highs. Between these levels there is nothing to do.<\/p>\n

We illustrated this with a 2 hour chart yesterday.<\/p>\n

Today\u2019s chart sees us looking at an entirely different time horizon. It\u2019s a Weekly Bar chart dating back to the October 2007 high.<\/p>\n

It shows a gently sloping downtrend line that sits at 5857.5 this week, and an uptrend support line that\u2019s at 5360 right now. So we\u2019re testing the downtrend line, and a decision re this level could resolve the next few months: Break it and we head higher targeting 6000 then 6095 then 6396 and 6802.<\/p>\n

Fail at 5860 (then sell off through 5795) and we can look for a pullback to 5360.<\/p>\n

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F<\/strong>uturesTechs produces daily Technical Reports for\u00a0FTSE Futures as well as DAX, Eurostoxx, S&P 500, Dow and NASDAQ Futures. For 12 years we have been a market leader in provision of analysis to traders in these markets, and we have won awards for our Fixed Income coverage.<\/strong><\/div>\n
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We also write daily analysis on\u00a0Fixed Income\u00a0and Commodity Futures, and Forex majors. <\/strong><\/div>\n
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Please use the buttons above to request a free trial.<\/strong><\/div>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Below is the commentary and chart from\u00a0the FTSE Futures report sent to our clients this morning prior to the open. We had a look at the “bigger picture” today, and it’s an interesting chart…
\n.
\n 
\nThe short term charts are easy to \u201cread\u201d at the moment. We have seen two failures at 5860, with 5795 the low between these …<\/p>\n

Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,6],"tags":[104,108,196,197,210,211,218,592,224,236,674,554,559,593],"class_list":["post-284","post","type-post","status-publish","format-standard","hentry","category-commentary","category-technical-analysis","tag-chart-technical-analysis","tag-charting-the-ftse","tag-footsie-analysis","tag-footsie-index","tag-ftse-100","tag-ftse-100-analysis","tag-ftse-chart","tag-ftse-chart-analysis","tag-ftse-technical-analysis","tag-futurestechs","tag-technical-analysis","tag-trendlines","tag-uk-100-analysis","tag-uk100-chart"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=284"}],"version-history":[{"count":2,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/284\/revisions"}],"predecessor-version":[{"id":287,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/284\/revisions\/287"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}