The FTSE 100 futures rose during this past week, but failed just below the 6000 level yet again. Because of this, this will simply reinforce the resistive
The FTSE 100 futures rose during this past week, but failed just below the 6000 level yet again. Because of this, this will simply reinforce the resistive as of the 6000 barrier. We now look at this market as a simple binary type of trade. We simply by above the 6000 level, and until then do very little as this market has a ton of support below it. In this type of situation, we simply wait until we get a daily close above that level, and then start buying at that point time.
FTSE 100 Index Futures forecast for the week of December 24, 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.
