The FTSE Index futures fell slightly during the session on Monday, losing one half of a percent roughly. We are breaking the bottom of the shooting star
The FTSE Index futures fell slightly during the session on Monday, losing one half of a percent roughly. We are breaking the bottom of the shooting star that was formed on Friday, which of course is being pushed lower because of the massive 5500 resistance area above. Because of this, we are not willing to buy this market, and would more than likely be willing to sell on a break lower. In fact, we like the idea of selling at the 5850 level. As for buying, it is going to be very difficult to do until we break above that 6000 handle.
FTSE 100 Futures Forecast December 4, 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.
