FTSE Promoting Alternative At 7285/90, Stops Beneath 7300

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FTSE Daily Forecast – May 8, 2019

Ftse

holding 200-day moving average support at 7170/60 perfectly for a bounce to 7205 before a target of 7215. If we continue higher look for resistance at 7240/45. Gains are likely to be limited but above 7250 targets 7270 and a selling opportunity at 7285/90, with stops below 7300.

Key 200-day moving average support at 7170/60. Longs need stops below 7145. A break lower targets minor support at 7120/10 then 7095/90 and March low at 7080/70.

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