FTSE more stable as we topped exactly at first resistance at 7200/10.
FTSE topped exactly at first resistance at 7200/10. Above 7220 look for 7245/55. Try shorts at 7275/85 with stops above 7300.
Failure to beat first resistance at 7200/10 targets 7165 before the correction low at 7135. A break below 7130 targets 7110/00, perhaps as far as 7175/70.
Trends
Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is negative