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FTSE 100 Forecast For Dec 11, 2019

Published 12/11/2019, 03:04 AM
Updated 07/09/2023, 06:31 AM
UK100
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FTSE volatile within a 120 tick range as we retest and hold 7140/35

FTSE first support at 7210/00. A break below 7190 risks a slide to 7170/60 before a retest of 7140/35 which has now held at least 4 tests. A break below 7130 should trigger stops, therefore, targeting 7110/00, perhaps as far as 7175/70.

First resistance at 7245/55 but try shorts at 7270/80 with stops above 7295. A break higher targets 7310/15 and 7325/30

Trends

Weekly outlook is positive

Daily outlook is neutral

Short Term outlook is negative

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