The FTSE 100 fell during the course of the week, reaching towards the 7200 level. We found enough support there to bounce though, and I think it’s only a
The FTSE 100 fell during the course of the week, reaching towards the 7200 level. We found enough support there to bounce though, and I think it’s only a matter of time if the buyers return. The 7100 level below offers quite a bit of support, so it’s almost impossible to sell as far as I’m concerned, and most certainly impossible from a longer-term perspective. Expect a fresh, new high over the next couple of weeks, as the FTSE 100 continues to show gains to the bullish trader.
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.
