FTSE100: Fighting resistance at key cloud chart level: 6756 on 60min chart. Price action is above the cloud and that is bullish on 60min chart. Next level 6804 if the FTSE manges to break past this cloud chart resistance level of 6756
Outlook remains bearish on both the daily and weekly cloud chart! Key support level to watch is the 6617/6678 support zone for a potential relief rally.
Shorting the rallies remain a key strategy since the initial sell signal above the cloud at 7636!
Downside targets on the weekly cloud chart are 6459/6315!
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