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FTSE Daily Forecast - Expect Resistance At High Targets

Published 08/03/2017, 08:38 AM
Updated 07/09/2023, 06:31 AM
UK100
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Ftse

FTSE holding first resistance at 7375/80 again today re-targets 7345/40 before first support at 7315/10. Below 7295 then targets 7275 & 7250 before a retest of the 7236/32 low. A break lower targets 7170/60 then good support at 7140/35.

First resistance at 7375/80 is quite strong as we know & is holding perfectly so far this week. However above 7390 today targets 8 week trend line resistance at 7410/15. Just be aware that a break higher targets the July high at 7452 where we expect strong resistance again.

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