The FTSE 100 futures had a fairly strong week as we managed to close above the 5900 level for the first time in a few months. The 5900 level represents
The FTSE 100 futures had a fairly strong week as we managed to close above the 5900 level for the first time in a few months. The 5900 level represents the beginning of massive resistance all the way up to the 6000 level in this marketplace, and as such we do not recommend buying at this point. However, we can see that we are currently knocking on the door of higher pricing, and as a result, a move above the 6000 level would have us not only buying this futures contract, but holding it for a significant amount of time as well. As for selling, we have no plans to do so at the moment.
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.
