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.
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.
