The bulls will need to break above 7752 where there is a fib level, otherwise a dip down towards 7580 looks possible for this week and next. That should be a decent support area though for a bullish run again, with 8000 still on the cards for this year.
https://www.hilsdentrading.com
https://www.hilsdentrading.com
Trade active:
Have shorted today at 7755. Was very slow to rise into the 7750 area of resistance but that area has got a decent reaction. Downside target are 7705, 7680 and possibly 7600
Trade closed: target reached:
The FTSE 100 has dropped down to near enough the 7600 lower target and I expect that we will now climb back again and exceed 7800