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FTSE 100 Price Forecast September 1, 2017, Technical Analysis
Updated: Sep 1, 2017, 05:27 GMT+00:00
The FTSE 100 exploded to the upside again on Thursday, breaking above the 7400 level. That’s a vital target, and I believe that the market will continue
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The FTSE 100 exploded to the upside again on Thursday, breaking above the 7400 level. That’s a vital target, and I believe that the market will continue to respect it as support. Now that we have broken above the gap. Because of this, I’m bullish on dips, and I don’t have any interest in shorting anytime soon. I believe that given enough time, this market should go looking towards the 7500 level. It will be volatile and choppy, but I remain bullish of the FTSE 100 now that we have seen such an explosive move.
FTSE 100 Video 01.9.17
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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