Technical Forecast for FTSE

FTSE made it all the way to our upper target of 6769 for a selling opportunity with stops above 6782. We have held support at 6712 but the risk looks to be to the downside today so watch for a break lower to target 6699. Failure here then takes us towards 6678/74. Any longs here need stops below 6665 for good support at 6625/17 & a buying opportunity.

 

Resistance at 6742/46 could hold the topside today but above here look for resistance at 6770/79 again. A break higher today looks unlikely but could target 6810. A break above 6830 would then open the door to 6861 highs.