The FTSE 100 initially tried to rally during the day on Thursday, but turned around to fall towards the 7400 level. If we can hold this level, then the
The FTSE 100 initially tried to rally during the day on Thursday, but turned around to fall towards the 7400 level. If we can hold this level, then the market may build up enough momentum to finally break above the 7450 level. If we fall from here, there is a major gap below that I think would offer support, and it’s probably an opportunity to start looking for value as we could pick up this market somewhere around 7330. Either way, expect volatility but I do not have an interest in selling the FTSE at the moment.
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.