FTSE 100 Index for the week of September 17, 2012, Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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The FTSE 100 Index rose during the week as we see more quantitative easing out of the Federal Reserve, and many central banks around the world are flooding the markets with liquidity. The traders around the world have to find other places than bonds to get a yield, and this should continue to be the case in the United Kingdom as well.

The 6000 level looks to be resistive, but is primed to give way based upon daily moves over the last couple of sessions. The market looks like a “buy on the pullbacks” type of market now, and we will use ETFs and CFDs to play this market.

 

FTSE 100 Index for the week of September 17, 2012, Technical Analysis

FTSE 100 Index for the week of September 17, 2012, Technical Analysis

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