FTSE March Contract

Tuesday, 23 March 2010 10:30

FTSE March Contract

FTSE made new contract highs of 5615 yesterday and the close has been quite good...
However if we cannot sustain above 5591 then we shall see this come lower for 5575/73

This offers good support and all shorts should be covered to here. Look to instate small
longs, keeping stops below 5565. A loss of this support keeps the bias to the downside
and targets 5559 then 5550/42.

Now if we can hold above 5591 then there is scope for another test of the highs. Cover
all longs prior this resistance. Re-instate over 5624 as this would keep the bias to the topside targeting 5641/46 initially with potential for 5656/58.

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