FTSE 100 Price forecast for the week of July 3, 2017, Technical Analysis

The FTSE 100 initially tried to rally, but turned around to fall towards the 7300 level. By doing so, looks as if we are going to continue to go lower, but given enough time I do think that the markets will catch up and start buying again. It’s not until we break down below the 7000 level that I am truly concerned about the uptrend, but we may be entering the short-term kind of pull back to offer value going forward. Most of the losses are probably due to the increased value of the British pound.

FTSE 100 Video 03.7.17