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

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