FTSE 100 future: A look at the technical side - Natixis

Micaella Feldstein, Research Analyst at Natixis, notes that the FTSE 100 futures contract flirted with the April 2015 highs around 7085-7100 before reversing sharply downside and breaking below 6758 (weekly Bollinger moving average) last week.

Key Quotes

“The break below this threshold has negated the weekly bullish parallels and risks remain clearly on the downside for the next days.

Against this backdrop, we recommend keeping a lookout at the support at 6640 (Fibonacci extension) whose break would clear the way to 6563 (9-month moving average) ahead of 6466 (monthly Bollinger moving average) and even to the support at 6309 (weekly Bollinger lower band).”