FTSE 100 March Futures Forecast For Feb 11, 2020

Published 02/11/2020, 06:43 AM
Updated 07/09/2023, 06:31 AM
UK100
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FTSE bottomed exactly at the next downside target of 7370/65 & held 7400/10. Obviously however we are breaking higher.

FTSE making a break above first resistance at 7410/20 overnight to target 7425/30 then strong resistance at 7460/70. Shorts need stops above 7480. A break higher is a medium-term buy signal initially targeting 7500/10 and 7525/35. On further gains look for 7575/85.

First support at 7400/7390 but below 7370 risks a slide to support at 7350/45.

Trends

  • Weekly outlook is neutral
  • Daily outlook is neutral
  • Short Term outlook is positive
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