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.