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FTSE 100 Forecast February 28, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Feb 28, 2017, 05:24 UTC

The FTSE 100 fell a bit during the session on Monday, as we continue to grind sideways overall. I still think that there’s a significant amount of support

FTSE 100 daily chart, February 28, 2017

The FTSE 100 fell a bit during the session on Monday, as we continue to grind sideways overall. I still think that there’s a significant amount of support at the 7200 level however, so I’m willing to buy this market on the first signs of a bounce. At that point, I would anticipate that the market should then reach towards the 7325 handle, and then eventually the highs. I have no interest in selling, I believe there is a significant amount of support all the way down to at least the 7100 level.

FTSE 100 Video 28.2.17

Watch our FTSE 100 Video Forecast:

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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