The FTSE 100 Index rose during the session initially on Tuesday, but found the 5900 level far too resistive yet again. The result is the second shooting
The FTSE 100 Index rose during the session initially on Tuesday, but found the 5900 level far too resistive yet again. The result is the second shooting star like candle in a row, and as a result we expect a breakdown and pullback to the 5800 level in relatively short order. The latest rally is a bit extended, and do see a pullback to 5800 isn’t going to be a real stretch of imagination. With that being said, we do not see this market as being able to be bonds until we clear the 6000 level, something that’s going to take an extraordinarily strong rally to do so.
FTSE 100 Index Futures Forecast December 5, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
