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FTSE 100 Forecast March 24, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Mar 24, 2017, 04:37 UTC

The FTSE 100 fell slightly during the day on Thursday, but found quite a bit of support at the 7300 level. Because of this, it’s likely that the buyers

FTSE 100 daily chart, March 24, 2017

The FTSE 100 fell slightly during the day on Thursday, but found quite a bit of support at the 7300 level. Because of this, it’s likely that the buyers are going to return, so a break above the top of the candle for the session on Thursday would be a very bullish sign, especially if we can break above the candle from Wednesday as well. That should send this market looking for the highs yet again. I have no interest in selling, I believe there is more than enough support just below to keep this market going higher.

FTSE 100 Video 24.3.17

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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