FTSE Forecast August 10, 2015, Technical Analysis

The FTSE fell during the course of the session on Friday, but should still find plenty of support somewhere near the 6700 level. If we can get a supportive candle in that area, we are buyers of this market. We would also be buyers above the 6770 handle as well. Either way, we have no interest in selling this market right now, and as a result we are simply waiting for buying opportunities as the FTSE should continue to try to rally overall. We believe that the market will target the 6900 region given enough time.