FTSE got very close to our target of 6740/35 on Friday but is lower over night to hit good support at 6710/05 once again & bottomed exactly here so
Ftse March contract Daily Forecast - 03 March 2014FTSE got very close to our target of 6740/35 on Friday but is lower over night to hit good support at 6710/05 once again & bottomed exactly here so far. This level is important as a break lower completes a negative head & shoulders pattern to target 6661 then 6638/35. Below here sees 6601 but bear in mind the measured target for the pattern is 6540 for this week.
Immediate resistance at 6730 but above here a gap to fill at 6745 & a good chance of a high for the day. However if we continue higher look for some resistance at 6757 then a selling opportunity at 6769 with stops above 6782.
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