FTSE 100 Sellers Are Still Set on Bearish Course

FTSE Analysis – June 21

FTSE sellers are still set on a bearish course. The FTSE has been caught in the grip of a bearish market as sellers have been dominant in the market. After the start of the month, sellers were able to push the yield from the 7805.10 key level to the 7437.40 market zone in a display of bearish liquidity flow.

However, buyers were quick to respond and succeeded in breaking the 7525.90 key zone, followed by the 7569.10 market zone. Buyers made further attempts to push higher, ranging close to the 7671.60 key zone, but were unable to maintain the momentum. 

FTSE Key Zones

Resistance Zones: 7805.10, 7712.40
Support Zones: 7569.10, 7525.90

FTSE Long-Term Trend: Bearish

Sellers were able to regain control and push down the market again, breaching the 7569.10 key level. This bearish shift in the market has been maintained since then, and the FTSE now finds itself still on a bearish course.

It is essential for traders to closely monitor the FTSE and any shifts in the market, as this could have significant implications for trading strategies. As the market continues to range close to the 7569.10 key level, it could be indicative of further bearish moves in the future.

However, investors and traders should also be aware of any opportunities for a bullish shift shortly. The bearish market is a sign of a declining trend, and traders need to be aware of the potential risks associated with such conditions.

Traders should also keep in mind that the bearish market could reverse at any moment, so they should be prepared for any sudden changes in the market.

FSTE Short Term Trend: Bearish

The bearish market continues to dominate the trading scene on the FSTE market, and traders are advised to keep a close eye on the Parabolic SAR (Stop and Reverse) to stay informed on the latest developments. Currently, the SAR is heading south, and the next target is the 7525.90 key zone.

This implies that traders looking for a long-term trend should pay attention to the bearish course of the market.

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