The FTSE bounced during the session on Tuesday, using the 5900 level as support. We broke above the 6000 level, and it now looks as if the market is going
The FTSE bounced during the session on Tuesday, using the 5900 level as support. We broke above the 6000 level, and it now looks as if the market is going to continue to go higher. On a break of the top of the range for the session on Tuesday, we are buyers as the market should be able to go much higher, heading towards the 6500 level. Ultimately, we believe that short-term pullbacks will be buying opportunities as well, and we really don’t have any interest in on selling is oversold market at the moment.
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.
