Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading the FTSE 100.i. 

He is setting shorts at current levels and on a pullback to 7340 if reached. The stop is tight at 7380 and the targets are 7225 and 7200.

O'Hare’s technical analysis of a selected trade is usually featured every Thursday on Trading Floor.