Advertisement
Advertisement

FTSE 100 Forecast December 12, 2016, Technical Analysis

By
Christopher Lewis
Published: Dec 10, 2016, 05:16 GMT+00:00

The FTSE 100 had a slightly positive session on Friday, as we continue to reach to the upside. The 7000 level above is going to be slightly resistant, but

FTSE 100 daily chart, December 12, 2016

The FTSE 100 had a slightly positive session on Friday, as we continue to reach to the upside. The 7000 level above is going to be slightly resistant, but given enough time I think that every time we pull back the buyers will return to a market that looks very bullish. I will not sell this market I believe that every time we pull back, it offers the kind of value that you need in these markets. I believe that we will eventually break out to a fresh, new high and I have a target of 7250 over the longer term.

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

Advertisement