Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading the FTSE 100.i.
In the short term O'Hare is long at 7,265 with a stop at 7,240. His targets are 7,300 and 7,325. In the mid term O'Hare is looking to set shorts on a break of 7,250 with a stop at 7,350. His targets are 7,100 and 7,062.
O'Hare’s technical analysis of a selected trade is featured every Thursday on Trading Floor.