The FTSE broke higher during the course of the day on Wednesday, as we cleared the top of the hammer from the Tuesday session. The 6250 level is obviously
The FTSE broke higher during the course of the day on Wednesday, as we cleared the top of the hammer from the Tuesday session. The 6250 level is obviously resistance, but we will break above there and eventually reach towards the 6500 level. We are buyers above the 6250 level as the market should then reach towards the 6500 level. This would be simple consolidation and a continuation of what we’ve seen recently. Eventually though, we do believe that the 6500 level will get broken in the market will resort 6750. We’ve no interest in selling.
FTSE Forecast November 26, 2015, Technical Analysis
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.
