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FTSE first resistance at 6160/65

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 16 March 2016 Ftse March contract FTSE first resistance at 6160/65 then strong trend line resistance at 6185/95 is key to direction. Shorts need stops above March highs at 6209 but strong resistance at 6225/35 & 200 day moving average resistance at 6245/50 provide more obstacles for bulls in severely overbought conditions. Failure to beat first resistance at 6160/65 targets 6145/40 then minor support at 6127/22. If we continue lower look for minor support at 6105/00. A

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