Tuesday, July 7, 2009

FTSE Outlook for 8th July 2009


Despite an initial attempt to rise, FTSE reversed and closed down for the day. As things stand, the 180 degree level target is very much a possibility. I reckon we should get there fairly soon as we are barely a day or two away from an important timing line.

Upside Taget: 214.53 (27.53 points)
Downside Target: 4,156.82 (30.18 points)

Bullish above 4,199.21
Bearish below 4,174.78

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