Wednesday 5th March 2014

FTSE Levels for today

Support
Daily pivot 6786
6770
6720

Resistance
6833
6850
6870
6926 – if this area was to get hit and price closes above it then the FTSE is breaking out and has a lot of upside potential.

The Russia situation however might scupper that, even though things seem to have calmed down a bit now.

While there are still tensions shorting at those resistance levels and getting stops trialled and at breakeven ASAP is the best plan.