The FTSE 100 futures had another bullish session during the Thursday hours as the market continues to hover above the 5900 level. However, we see
The FTSE 100 futures had another bullish session during the Thursday hours as the market continues to hover above the 5900 level. However, we see resistance all the way up to 6000, and as a result we are not presently buying this market. This isn’t to say that we are bullish on it, we certainly are recognize the fact that this is the least efficient use of our capital at the moment. Once we break above the 6000 level however, we are more than willing to start buying at that point time.
FTSE 100 Futures Forecast December 21, 2012, Technical Analysis
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.
