FTSE: Minor Support At 7350/54
Jason Sen | Jul 26, 2017 05:46AM ET
FTSE minor support at 7350/54 and 7310/05 are targets for our shorts. Below 7300 targets 7250 before a retest of the 7236/32 low.
First resistance at 7375/80 but shorts need stops above 7395. On a break higher look for 7410 before the high last week at 7452/57. This was also the main challenge for bulls last week and our selling opportunity. We topped exactly here and could do so again this week but shorts need stops above 7475. A break higher however targets 7496/99 then 7611/15.
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