FTSE Futures July 22 Daily Forecast
Jason Sen | Jul 22, 2020 05:28AM ET
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.h3 Today’s Analysis/h3
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.
h3 Trends/h3- Weekly Outlook Negative
- Daily Outlook Neutral
- Short Term Outlook Neutral
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