FTSE forecast 2019-08-28

Intermediate

FTSE below 7030 tests key support at the August low at 7010/7000. A break below 6690 is a sell signal targeting 6970 & first support at 6940/30. A break lower targets 6907/02. Below 6895 look for 6870.

Minor resistance at 7070/80 & 7095/99. Strong resistance at 7120/25 & again at 7145/55. A break above 7165 is a buy signal targeting 7180 & 7200/10.

FTSE Monthly Chart 2019-08-28

Jason Sen

Editor

Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successful...continued

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