The FTSE 100 futures had a fairly strong showing during the session on Friday as the 5900 level has been broken above. The fact that we state above that
The FTSE 100 futures had a fairly strong showing during the session on Friday as the 5900 level has been broken above. The fact that we state above that most of the day, and even closed above it by 14 points does suggest that we have strength building up in the British stock market. This being said, we see nothing but noise and resistance all the way to the 6000 level, so we are passing on this rally. However, if we managed to get above 6000 we would not hesitate to buy and hold this marketplace.
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.
