FTSE 100 Index Futures Forecast December 20, 2012, Technical Analysis
The FTSE 100 Index futures had a solid showing during the Wednesday session as we cross back over the 5900 level. We do see this market as being bullish at the moment, but see quite a bit of resistance all the way to the 6000 handle. It’s not that we wouldn’t take a long position now; it’s rather that we see much more interesting and clear-cut trading opportunities on the continent at the moment. We see excellent trading opportunities in Spain, Italy, and France, and fully expect this market to join those ranks, but we will wait until we have cleared this entire resistance band in order to get involved.
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