The FTSE 100 futures market had a relatively strong session on Tuesday as it remains above the 5900 handle. Although the range was a very wide, the very
The FTSE 100 futures market had a relatively strong session on Tuesday as it remains above the 5900 handle. Although the range was a very wide, the very fact that it can stay above 5900 is what shows its strength. We still see the area from 5900 to 6000 as a massive resistance zone, so we are not willing to buy this market. However, looking at this chart it does suggest that we will grind higher overtime. It’s not that we don’t like the FTSE it’s just that we see more efficient places to place our capital at the moment.
FTSE 100 Index Futures Forecast December 12, 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.
