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Ftse: Resistance At 6653/57

Published 04/23/2014, 06:01 AM
Updated 07/09/2023, 06:31 AM

Ftse Weekly Chart

FTSE shot higher hitting our target of 6653/55. Any profit taking meets support at 6609/04 with a bounce from here likely. However any longs need stops below 6595 for a move towards 6580/75. Try longs with stops below 6550.

Resistance at 6653/57 should be a struggle again today but shorts need stops above 6665. Go with a break higher then for 6700 and possibly as far as 6730/40 this week.

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