FTSE Forecast For Nov. 2, 2020

 | Nov 02, 2020 06:02AM ET

FTSE 100 first resistance at 5590/5600. Shorts need stops above 5615. A break higher targets strong resistance at 5665/75.

Shorts at 5590/5600 target 5525/15. Below 5500 risks a retest of 5460/40. On further losses look for 5420/00 then 5350/40.

Trends

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