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FTSE 100 Forecast April 28, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 28, 2017, 03:58 UTC

The FTSE 100 initially fell during the day on Thursday, but turned around to form a little bit of a hammer. I believe that the market is going to continue

FTSE 100 daily chart, April 28, 2017

The FTSE 100 initially fell during the day on Thursday, but turned around to form a little bit of a hammer. I believe that the market is going to continue to try to press higher, but it’s not until we clear and capture the 7300 level that I feel comfortable buying. I have no interest in selling though, the impulsive move below should continue to offer value that people will flock to. I believe that we will eventually make fresh, new highs but we have a lot of work ahead of us.

FTSE 100 Video 28.4.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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