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Worries over rising tensions in the Middle East put Wall Street on the back foot last night


Last night the Dow Jones finished the session  down 121 points  the negative sentiment and was aided by weakening technology shares  the Nasdaq composite index which was down 38 points.  London had a rather dull session  with  the FTSE finishing up just over 3 points on the day .

Asian Markets  were also weaker although there falls were more measured than those in the US indices.

In early trading Dax Futures are down some 40 points from their levels at the London close the early call for our market this morning is down around 25 points .

Technically we are still above the key supports  at 5800-05 - However we are edging ever closer to this level , a sustained  breach of which would send us back to the bear tack .

FTSE Futures Support & Resistance

Support  5820 5800-5 5786 5748.5 5714

Resistance 5843 5871 5891.5 5904.5 5917.5 

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