The FTSE broke higher during the day on Thursday, clearing the 6350 level. It now appears that we are going to reach towards the 6500 level given enough
The FTSE broke higher during the day on Thursday, clearing the 6350 level. It now appears that we are going to reach towards the 6500 level given enough time, and short-term pullback should be potential buying opportunities. We’ve no interest in shorting this market, as the upward pressure has been so strong recently. Given enough time, we believe that this market will not only reach towards 6500, but perhaps break above there and start aiming towards the 6750 level. The hammer that formed on Tuesday could perhaps signal the next leg higher coming.
FTSE Forecast November 27, 2015, Technical Analysis
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.
