We’ve been asking 1131.50 to do a job as support and in the main it’s obliged.

The couple of times we haven’t held this level, yesterday being one, we’ve got down to 1127 before bouncing neatly.

We get the hint. We’ll be bulls above 1127, moving our green SkewBar area down to here.

But the market has been going sideways for a while now, and we want to see a move through 1153.50 sooner rather than later please.

We can then look for 1174.75, then 1200, then 1216.75, the latter being the YTD high from late April.

______________

Below are Support (S1 to S7) and Resistance (R1 to R7) levels. On our daily reports we also include a chart, and our unique “SkewBar” giving you an instant snapshort of the current short term trend.

Our daily analysis is read by Prop traders, Brokers and Fund Managers. Please request a Free Trial of our service if you wish.

______________

R7  – 1174.75

R6  – 1166.25

R5  – 1159.50

R4  – 1153.50

R3  – 1146.50

R2  – 1144

R1  – 1139.75

______________

S1  – 1137

S2  – 1132.75

S3  – 1127

S4  – 1121.25

S5  – 1117.25

S6  – 1114.75

S7  – 1105.75