FTSE 100 Price Forecast March 26, 2018, Technical Analysis

The FTSE 100 initially fell during trading on Friday, breaking below the 6900 level. This was mainly due to the fear of potential trade wars happening between the United States and China. This has seen stock markets around the world selloff, so the FTSE was a good to be any different. Ultimately, I believe that the market should continue to see a lot of volatility, but if we were to bounce, and it does look like were trying to, I think that breaking above 7000 gives us an opportunity to go higher. Ultimately, the market would probably reach towards the 7250 level. If we were to break down below the bottom of the range for the day, that would be very negative, and could send this market much lower, perhaps reaching towards the 6800 level.

FTSE 100 Video 26.03.18

This market is going to be very interesting over the next couple of sessions, as I think that the future direction of this market is being determined right now. As we go into the weekend, there are lot of risks out there with politicians speaking their minds from both the United States and China. So far, we have seen a mild reaction by politicians to the potential trade war, and perhaps the stock markets have overreacted. I think the next couple of days will determine where we go for the next several months, and at the first signs of good news, the FTSE 100 should rally rather significantly. I look at breaking 7000 as a technical signal that we are going to turn things around. Otherwise, will probably go to 6800.