FTSE First Resistance At 7320/25

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FTSE Daily Forecast – May 7, 2019

Ftse

holding below first resistance at 7320/25 retests minor support at 7275/70. In fact, we bottomed exactly here this morning right on the open. A break lower targets 7253/50 then 7235 and perhaps as far as minor support at 7225/20. Next target is 7195/90 then 200-day moving average support at 7170/60. A break lower targets 7120/10.

First resistance at 7320/25 and strong resistance again at 7350/60. Shorts need stops above 7375.

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