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Technical Forecast for FTSE

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Technical Forecast for FTSE

 

FTSE headed lower as predicted to our lower target of 6625/17 & a buying opportunity. We bottomed just below at 6603 but the outlook remains weak so watch for a break below 6590 to target the March high at 6558/52. If we continue lower look for good support at 6518.
 
Resistance at 6645 but above here look for 6665/70. We should struggle here so watch for high for the day but if we push higher look for a selling opportunity at 6692/02.

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Posted-In: Technicals Markets Trading Ideas

 

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