Thursday, 16 July 2020

FTSE100: Fighting hard to get past front cloud resistance of 6315!

FTSE100: Fighting hard to get past front cloud resistance of 6315!

Critical week ahead for the FTSE to break past this key resistance zone! That would change the trend from down to up since price action above the cloud is bullish, and price action below the cloud is bearish!



If resistance holds, then downside risk towards bottom end of the front cloud support zone: 5900 zone! We need to see that breakout before this markets outlook changes from bearish, to bullish!


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