FTSE Daily Forecast For July 9, 2020
Jason Sen | Jul 09, 2020 04:43AM ET
FTSE 100 September Futures remains very much in a sideways trend. Longs at the 2 week trend line support at 6100/6090 worked perfectly on the bounce to first resistance at 6165/75 & we topped exactly here. Shorts here were offered another 60 ticks profit.h3 Today’s Analysis/h3
FTSE 100 Futures holding first resistance at 6165/75 and first support at 6100/6090. Longs need stops below 6070 for a retest of last week’s low at 6045/40 and 2 week lows at 5995/85.
First resistance at 6165/75 but above here targets 6210/20. Further gains meet short term trend line resistance at 6270/80.
- Weekly outlook is negative
- Daily outlook is neutral
- Short Term outlook is neutral
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