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.
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.
