FTSE holding above minor support at 6985/80 meets strong resistance at 7030/40. Shorts need stops above 7055. A break higher is a buy signal targeting 7120/30. Try shorts with stops above 7150. A break higher targets 7180/90. Above 7205 look for minor resistance at 7220/25 then a selling opportunity at 7265/75.
Failure to hold minor support at 6985/80 risks a slide to 6950 and 6930 before very important support at 6920/6900. This has to be worth try longs (again), with stops below 6860. A break lower is a sell signal initially targeting the 2018 low at 6780/6766 with a break below here obviously signalling further significant losses in to the end of the week.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.