Market Overview

Technical Forecast for FTSE

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.

The preceding 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


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