Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

FTSE Futures July 22 Daily Forecast

Published 07/22/2020, 05:28 AM
Updated 07/09/2023, 06:31 AM
UK100
-
UK100
-

FTSE 100 September Futures remains in a sideways trend, unable to follow other markets higher. We topped exactly at minor 1 month trend line resistance at 6270/80 targeting minor support at 6200/6190 for profit taking on any shorts & bottomed exactly here so same levels apply for today.

Today’s Analysis

FTSE same levels apply for today with minor 1 month trend line resistance at 6270/80. Shorts need stops above 6295. A break higher is a medium-term buy signal initially targeting 6340/50 then 6375/85.

Holding 6270/80 re-targets 6240/30 then minor support at 6200/6190 for profit taking on any shorts. Buy at 6170/60, with stops below 6145. A break lower targets 6100/00.

Trends

  • Weekly Outlook Negative
  • Daily Outlook Neutral
  • Short Term Outlook Neutral

FTSE Chart

Latest comments

nice pridiction
ok
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.