FTSE 100
Completing a small rounded top on the weekly chart as we close below trend line and horizontal support. Momentum is no longer bullish and a drop to 7125 is expected.
SHORT TERM TRADER: Small short at 7542; stop above 7400. Target 7200.
POSITION TAKER: New short at 7325; stop above 7455. First target 7125.
SUPPORT | RESISTANCE |
7300 | 7380 |
7285 | 7400 |
7200 | 7455 |
7145 | 7480 |