The FTSE 100 had tried to rally during the Friday session, but was turned around at the 5950 level. The resulting move ended up printing a shooting star
The FTSE 100 had tried to rally during the Friday session, but was turned around at the 5950 level. The resulting move ended up printing a shooting star for the session, but we currently sit just above quite a few supportive candles. With this in mind, we see absolutely no trade until we can get above the 6000 level in this market anymore. Certainly, the rally is a bit overextended, but the thing is that there are so many minor support zone the below it just isn’t going to be worth shorting.
FTSE 100 Index Futures Forecast December 17, 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.
