Tuesday, July 21, 2009

FTSE Outlook for 22nd July 2009


We are at a very, very interesting level here. FTSE is a whisker away from major resistance. And even more interesting is the fact that the 180 degree level lines up with this major resistance - 4510 to 4520. If the index punches through this level, perhaps we will see the bulls run amok. If not, the bears will smother everything down!

Projected High: 4,523.8003 (42.6304 points)
Projected Low: 4,459.4902 (21.6797 points)

Bullish above 4,495
Bearish below 4,467

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