FTSE 100 Price Forecast March 28, 2018, Technical Analysis

The FTSE 100 has rallied significantly during the trading session on Tuesday, breaking above the 7040 handle, and then rolled over. I think that the market breaking below the 7000 handle again this shows that we will continue to struggle in general, but I think there are buyers underneath that would take advantage of this pullback. Remember, global stock markets in general tend to move in the same direction, and I think that the FTSE 100 won’t be any different. If we can break above the 7040 handle, I think that’s a bullish sign as well, but I also think that somewhere around the 6850 level we will start to see buyers return as well.

This of course will be influenced by what happens in New York, Tokyo, Paris, and several other major indices around the world. I think that the market continues to be one that focuses on the trade war talk that comes out of both the United States and China, but if we can avoid that I think that the indices in general will return to positive momentum, and that of course will drive the FTSE 100 higher also. I think that if we do drive higher and get a bit of a “risk on” move, I think that we then go looking towards the 7250 handle over the longer term. I believe that it might be choppy, but eventually we should find some type of bottom soon in the FTSE.

FTSE 100 Video 28.03.18