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