The FTSE 100 rallied on Wednesday, as we continue to see buyers enter this market. Now that we are clearly above the 6800 level, it looks as if we’re
The FTSE 100 rallied on Wednesday, as we continue to see buyers enter this market. Now that we are clearly above the 6800 level, it looks as if we’re going to reach towards the 7000 handle given enough time. That is the top of the larger consolidation area, so having said that I believe it makes sense that we are going to continue to reach towards that area. Ultimately, I believe that the market should continue to go higher, but it might take several attempts to break out. In the meantime, short-term buying opportunities seem to be the best way to go.
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.
