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Technical Forecast for FTSE 100

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Technical Forecast for FTSE 100

 


FTSE Sep13 held Friday’s range. Look for a selling opportunity at 6580/86 today. Stops on shorts needed above 6600 for 6620/25 which should meet selling pressure.


 


Immediate support is 6535 but longs need stops below 6525 for a test of 6505/00 & a low for the day possible. However longs need stops below 6490 as a break lower risks a slide to 6472 before August lows at 6452.

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Posted-In: Technicals Markets Trading Ideas

 

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