FTSE 100 makes is as far as 6445/50. If we break above 6475 expect to hit very strong resistance at 6510/20. Shorts need stops above 6535. A break higher targets 500 week moving average resistance at 6580/95.
Holding below 6440 risks a slide to good support at 6385/80. Longs need stops below 6365. Good support at 6330/20.
Trends
- Weekly Outlook Neutral
- Daily Outlook Positive
- Short Term Outlook Positive