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Technical forecast for FTSE

By () · July 9, 2013 · Comments Off on Technical forecast for FTSE
Indices · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

FTSE Sep13 is sitting above 6425 which may allow a retest of last week’s high at 6450/55. We should struggle here but a push higher may see 6470/75. If this does not hold the topside then look for a move towards strong Fibonacci resistance at 6515 for a selling opportunity today with stops above 6530.

Support at 6376 may hold the downside but below here good support at 6335/30 should offer a buying opportunity today. However any longs need stops below 6315 for a test of the next support at 6292.

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