Daily Forecast - 07 January 2014
Ftse March contract
FTSE has no direction & held above good support at 6655/45 & below Friday's high of 6699. On a break higher today look for a test of resistance at 6725/27 for a selling opportunity with stops above 6740. If we continue higher look for a target of 6765/70.
Good support for today again at 6655/45 but be ready to go with a break below 6635 for the next buying opportunity 6613/11. Stops on longs below 6590 but the 100 day moving average at 6570 should then hold the downside.
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