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Technical Forecast for FTSE 100

Technical Forecast for FTSE 100


FTSE Sep13 beat 6580/86 today but has so far topped at 6612, short of the next target at 6625. We could still achieve the target & perhaps even test trend line resistance at 6635 but we should meet selling pressure within this area. Exit longs & try shorts with stops above 6640 for a test of August highs at 6669/70.


Immediate support 6588/85 then 6577/75 with better support at 6561/60 & a low for the day likely. However longs need stops below 6550 for 6536/34 & a buying opportunity.

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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