FTSE Holding Below Minor Resistance At 7270
Jason Sen | Mar 01, 2017 06:45AM ET
FTSE holding below minor resistance at 7270 tests first support at 7250/55. Further losses retarget 7225/20 then support at 7190/80. On a break below 7170 we target 8 month trend line support at 7135/30.
Above minor resistance at 7270 allows a recovery to the important resistance for the day at 7292/97. This is the double top high. Try shorts with stops above 7320. A break higher however is a buy signal initially targeting 7334/38 then 7355/58.
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