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.
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.
