FTSE retested and held the correction low at 7135
|FTSE 100 December Futures
FTSE topped exactly at first resistance at 7200/10 to retest the correction low at 7135.
Daily Analysis
FTSE retested & held the correction low at 7135. A break below 7130 targets 7110/00, perhaps as far as 7175/70.
A bounce today (seems unlikely) targets 7160/65 then first resistance at 7200/10. Above 7220 look for 7245/55. Try shorts at 7275/85 with stops above 7300.
Trends
Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is negative
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