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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
