FTSE: Important Resistance At 7292/97
Jason Sen | Feb 28, 2017 06:05AM ET
FTSE important resistance for the day at 7292/97. In severely overbought conditions we could top here again. Try shorts with stops above 7320. An unexpected break higher initially targets 7334/38.
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.
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