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FTSE 100 forecast for the week of September 4, 2017, Technical Analysis
Updated: Sep 2, 2017, 05:20 GMT+00:00
The FTSE 100 initially fell during the week but found enough support at 7300 level to turn things around and rally. I think that the market is trying to
The FTSE 100 initially fell during the week but found enough support at 7300 level to turn things around and rally. I think that the market is trying to break above the 7500 level, and once it does we should continue to go much higher. Short-term debts will offer short-term buying opportunities but were still in consolidation so longer-term trade probably isn’t in the cards until we clear the highs again. If we break down below the 7280 level, that could send this market down to the 7100 level.
FTSE 100 Video 04.9.17
About the Author
Christopher Lewisauthor
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.
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