The FTSE 100 fell during the week, reaching towards the 6650 handle. We did get a bit of a bounce on Friday though, so this is a market that I think
The FTSE 100 fell during the week, reaching towards the 6650 handle. We did get a bit of a bounce on Friday though, so this is a market that I think continues to consolidate in this general vicinity. I believe that the 6600 level is essentially the “floor” in this market, and sooner or later we will have buyers reenter. The 7000 level above will be resistive, but in the meantime, we can continue to buy on dips as this market shows so much in the way of resiliency.
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.
