FR40 to find sellers at current resistance?

4 juil.

FRA40 - 24h expiry

Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot resistance is at 7700.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7625 will confirm the bearish momentum.

We look to Sell at 7700 (stop at 7772)
Our profit targets will be 7520 and 7485

Resistance: 7700 / 7750 / 7775
Support: 7600 / 7550 / 7525

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