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FTSE 100 Index Price Forecast September 4, 2017, Technical Analysis
Updated: Sep 2, 2017, 05:16 GMT+00:00
The FTSE 100 had a volatile session on Friday, grinding higher overall. This reflects the 7450-level having a certain amount of psychological
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The FTSE 100 had a volatile session on Friday, grinding higher overall. This reflects the 7450-level having a certain amount of psychological significance, and of course the jobs number coming out in America keeping traders away from putting too much into the market ahead of that announcement. Ultimately, this is a market that looks healthy, and I believe the pullbacks will offer buying opportunities as the 7400 level should now offer support. I have a target of 7500 and the short-term, and I think it won’t take long to get there. I have no interest in shorting at this point.
FTSE 100 Video 04.9.17
About the Author
Christopher Lewisauthor
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.
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