FTSE made it to 5780 but not much higher. There is a chance we can reach 5803/09 today for profit taking and trying shorts up to 5818. Stops above 5830 for 5853/62 and a chance to try shorts again.

The daily picture remains weak and so back below 5773 look for 5761/56 then a retest of 5734/24 where we can try longs again with stops below 5710. Below here good support at 5670/65 should be a good buying opportunity.

If we can push through 5780 look for 5803/09 next for profit taking and trying shorts up to 5818. Stops above 5830 for 5853 and a chance to try shorts again.

 

The article was first published by CharmerCharts