FTSE 100 forecast for the week of October 22, 2012, Technical Analysis

By FX Empire Analyst - Christopher Lewis
Font Size
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The FTSE 100 had a strong showing over the past week, but failed to break above the 5950 level again. This looks like a consolidated market, but if you look at the lows they are getting higher overtime. A lot of times that will signify pressure building to the upside before a potential breakout. We believe that that is exactly what is about to happen, and see the 6000 level as the gateway to much higher prices. In fact, once we get above 6000 we are more than willing to buy-and-hold in this marketplace.


Want to read more articles like this one?

Get the latest fundamental analysis, technical analyses and the most up-to-date news catered to your interests, everyday.

* Please enter a valid email

Activation link was sent

An activation link has been sent to your E-mail.
You will start getting emails only after activating your account.

Find a Broker
Continue to FX Empire Network