Technical forecast for FTSE

ftse

FTSE broke 6402/11 resistance again today but failed just a few ticks below April highs at 6447. Support today is at 6410/00 then 6379/75 which could see us bottom out. However below here look for 6355 to try longs with stops below 6340 for 6325. We then find strong support at 6309 which could mark the low this week if we fall this far.

6443/47 is resistance but a break higher then targets 6475 & possibly 6502 which closes the roll over gap & should act as strong resistance today.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More