The FTSE rallied during the course of the week, forming a massively large candle. It looks as if we’re going to continue to try to go higher, as we press
The FTSE rallied during the course of the week, forming a massively large candle. It looks as if we’re going to continue to try to go higher, as we press against the 7000 handle. The 7125 level above should give a little bit of resistance but I think we are going to break out. I also believe the pullbacks will offer value, as stock markets in general continue to look very strong. Ultimately, I believe that we will reach higher, probably aiming for the 7500 level over the longer term.
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.
