FTSE 100 Index Futures Forecast December 14, 2012, Technical Analysis
The FTSE 100 Index initially rose to the 5980 level on Thursday, but formed a shooting star after massive resistance pushed it back down. If you’ve been listening to our videos, you know that we did not suggest that this market was broken out until got above the 6000 level, and as a result you would’ve stayed out of this potential loss.
With this being said, it does look like a market ready to pullback, but probably only for very short amount of time. We still think that 5900 will show significant support, so we are more than willing to buy down there on signs of support of price action.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
