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O'hare: Why I'm selling the struggling FTSE
Steve O’hare from First 4 Trading is planning to sell the FTSE Index. He says Thursday’s price action in the index highlighted disparity in equity relationships.
In addition,the FTSE’s US and European counterparts are
projecting higher and in comparison the UK’s top share index is more muted and seems to be struggling.
As a result, Steve is bearish in the medium term and plans to sell the FTSE at 6665, to place a stop above 6710 and his targets are 6600 and 6540.
01:00 minutes
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