FTSE 100 Index forecast for the week of October 8, 2012, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The FTSE 100 Index rose during the week and cleared the 5800 level very convincingly by the time we close business on Friday. This market looks very supportive, and as such we like being long of it and will not short it. We like the ETFs markets, as it allows us to be long of this index without getting over leveraged.

In fact, it isn’t until we clear the 6000 level that we will start looking into leveraged positions in the futures markets, as well as options and individual high beta stocks out of London. We do think that pullbacks can be taken advantage of, for short-term trades on the futures markets for those of you who are so inclined.

 

FTSE 100 Index forecast for the week of October 8, 2012, Technical Analysis

FTSE 100 Index forecast for the week of October 8, 2012, Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.


include_once( __DIR__ . "/request_context.php");