The FTSE bounce significantly during the course of the week, using the 6100 level as support. With this being the case, the market reached all the way to
The FTSE bounce significantly during the course of the week, using the 6100 level as support. With this being the case, the market reached all the way to the 6350 handle by the time we were done. We believe that a break above the top of the candle for the week should send this market looking for the 6500 level, and then higher, perhaps to the 6800 level after that. We believe that pullbacks should offer buying opportunities, as the FTSE looks to be forming a bit of a floor near this area.
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.
