FTSE higher as expected reaching all targets as far as 6050/60 but has continued higher to 6126.
FTSE holding above first support at 6100/6090 is positive for today targeting 6165/6180. We are severely overbought in short term so watch for a high for the day. A break above 6200 however targets 6225, perhaps as far as 6275/85.
Longs at 6100/6090 need stops below 6060. Further losses could target 6000/5990.
Trends
- Weekly outlook is negative
- Daily outlook is neutral
- Short Term outlook is positive