FTSE 100 Index Price Forecast August 28, 2017, Technical Analysis

The FTSE 100 initially tried to rally during the day on Friday but then fell back towards the 7400 level, looking for support. This is a market that continues to find plenty of buyers underneath, so I like these pullbacks as buying opportunities. I’m not looking for an explosive move to the upside, but I do think that we will continue to grind. With this being the case, I think that eventually we will go looking towards the 7450 handle, and then eventually the 7500 level. Even if we breakdown, I see a massive gap below that should continue to support this market. Keep in mind that the British pound will fall again, and that should help the exports of the United Kingdom, which in turn sends the FTSE 100 higher.

FTSE 100 Video 28.8.17