Technical forecast for FTSE 100

Technical forecast for FTSE 100

FTSE Sep13 shot higher over night to 6604 but we are very overbought short term & becoming so on the daily chart. Any profit taking meets 1 week trend line support at 6525 then a gap to fill at 6492/87. Look for a low for the day here but if we continue lower we should find a good buyingopportunity at 6455/50. Use stops on longs below 6420.

Immediate resistance at 6595/05 but above here see 6621 then 6643/53 before Fibonacci resistance at 6667.