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FTSE: Longs Need Stops Below 7210

Published 02/23/2017, 04:28 AM
Updated 07/09/2023, 06:31 AM

FTSE Daily Forecast Weekly Chart

FTSE holding above 7248/44 targets 7260/65 but the most important resistance of the day is of course the January high at 7292/97. In severely overbought conditions we could top here again. A break above 7305 however is obviously positive & targets 7317/21 then 7334/38.

Minor support at 7248/44 before much better support at 7225/20. Longs need stops below 7210. Further losses target minor support at 7187/82 then a buying opportunity at 7155/50.

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