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FTSE Forecast November 30, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 28, 2015, 06:02 UTC

The FTSE fell initially during the course of the day on Friday but found enough support at the 6350 level to turn things around and form a bit of a

FTSE Forecast November 30, 2015, Technical Analysis

The FTSE fell initially during the course of the day on Friday but found enough support at the 6350 level to turn things around and form a bit of a hammer. The hammer of course is a bullish sign, so we can break above the top of the range for the day we feel that the market will then grind its way towards the 6500 level given enough time. With no interest in selling and we believe that there is more than enough bullish pressure underneath the keep this market going higher, eventually breaking out..

 

FTSE Forecast November 30, 2015, Technical Analysis
FTSE Forecast November 30, 2015, Technical Analysis

About the Author

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.

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