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FTSE: On Further Losses Look For 7190

Published 12/06/2017, 03:24 AM
Updated 07/09/2023, 06:31 AM
UK100
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FTSE Weekly Chart

FTSE outlook negative as along as we hold below 7330 targeting 7305/00 (hit as I write) then a retest of 7280/75. A break lower targets 7240/35. On further losses look for 7190 before good support at 7170/60.

First resistance at 7341/45 but above here re-targets the high this week at 7369/72 before quite strong resistance at 7385/90. Above 7400 however targets 7412/18 then a selling opportunity at 7445/50.

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