Ftse: Negative Pattern

Published 01/24/2014, 12:05 AM

Ftse Weekly Chart

FTSE was unable to beat the 6810/15 level again yesterday as expected leaving a negative pattern which could trigger profit taking in to the end of the week. Immediate support is 6770/65 but below 6755 keeps the market under pressure for 6742. If this does not hold the downside we should see a bounce from 6720 at this stage.

If however we break higher we can still target last year's highs at 6860/62. Exit longs & try shorts here with stops above 6880.

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