FTSE Daily Forecast - 18 October 2018
Jason Sen | Oct 18, 2018 02:03AM ET
FTSE bounces back to strong resistance at 7030/40 and above 7050 should target 7085/90 with a selling opportunity at 7125/35. Try shorts with stops above 7150. A break higher targets 7180/90. Above 7205 look for minor resistance at 7220/25 then a selling opportunity at 7265/75.
Good support at 6985/80 but below here targets 6954/50 and 6930 before a buying opportunity at 6910/6890. Longs need stops below 6870. A surprise break lower is an important sell signal.
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