FTSE: Shorts Need Stops Above 7170

Published 03/05/2018, 05:28 AM
Updated 07/09/2023, 06:31 AM

FTSE Weekly Chart

FTSE seeing a small bounce to first resistance at 7115/20 then strong resistance at 7152/56 more of a challenge today. Shorts need stops above 7170. Look for the next (and better) selling opportunity at 7210/20 with stops above 7240.

Failure to beat 7115/20 targets 7085/80 before the 7057/52 low on Friday. When this breaks look for 7035, 7000 and 6960/56. Please note that a close below 7030 is another important sell signal.

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