Saturday, 9 November 2013

FTSE 6709 bounce back with move to 6800 next week

FTSE 6709 dipped below 6700 on Friday 8th November and then reversed from 6644 and bounced up more than 1% (70pts) to 6714. I'm looking for the FTSE to stay above 6700 next week and challenge 6780 and then 6820.

First target is 6740-6745 with a pullback to 6700, then a move to 6780 retrace to 6740 before a final top around 6800-6820.

Long 6710 Stop 6680 Target 6800

Trading range 6660-6820




No comments:

Post a Comment