Market Overview

Technical Forecast for FTSE

Technical Forecast for FTSE


FTSE broke 6402/11 resistance again today but failed just a few ticks below April highs at 6447. Support today is at 6410/00 then 6379/75 which could see us bottom out. However below here look for 6355 to try longs with stops below 6340 for 6325. We then find strong support at 6309 which could mark the low this week if we fall this far.
6443/47 is resistance but a break higher then targets 6475 & possibly 6502 which closes the roll over gap & should act as strong resistance today.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!