Secrets of day Trading Methods

Wednesday, April 27, 2011

Mark Austin FTSE Trading Update - 27 April 2011

Good morning

As per yesterday's report the FTSE is flirting with the upper parameter at 6070 and we have already seen a market close above 6050 so a clear break of 6070 today should lead to higher prices above 6100.  If the market is to reject this level (6055-6070) once more the FTSE would need to sell off immediately at the open (8am).

Support now lies at 6050 and the market stays positive above here.

We still have the gap at 5922 but the market will only target this on a move below 6030.

We have UK GDP today at 9.30am and and you can learn more about how this affects your trading strategies by signing up to the full analysis through this link.

0 comments:

Post a Comment