FTSE shot higher again gaining 180 points from the low of the day to reach 7555.
FTSE bulls seize control! Minor support at 7515/10 and 7488/84. If we continue lower try longs at 7460/50 with stops below 7440. A break lower risks a slide to 7400/7390.
Minor resistance at 7545/55. A break above 7560 runs into important 19 month trend line resistance at 7590/7600. Bulls need a daily close above here for the next buy signal.
Trends
Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is negative