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FTSE: Try Longs With Stops Below 7300

Published 11/22/2017, 03:27 AM
Updated 07/09/2023, 06:31 AM
UK100
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FTSE Weekly Chart

FTSE holding above the 100 day moving average at 7385/90 targets 7420/25. If we continue higher look for 7450 and quite strong resistance at 7460/70 which may see a high for the bounce.

Good support at 7390/85 should now hold the downside. Longs need stops below 7370. Further losses meet strong support at 7340/30. Try longs with stops below 7300.

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