FTSE Dec13 quite directionless but held support at 6665/6660 perfectly for the second day. The outlook is mixed so same levels apply today. Support at 6680 then 6665/60 but longs need stops below 6650. Next support at 6630 but a retest of 6605/00 is a buying opportunity. Stops below 6580.
Resistance at 6720/25 but shorts need stops above 6730. A break higher then targets 6765/70 & possibly a test of October's high at 6798.
Weekly outlook: Strong support at 6605/00 was tested & held last week, but below here look for 6545/40 then a buying opportunity at 6505/6475. Resistance at 6798 then this year's high at 6861 for a selling opportunity.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
