The FTSE as you can see went back and forth during the course of the day on Thursday, showing quite a bit of volatility. That volatility should continue,
The FTSE as you can see went back and forth during the course of the day on Thursday, showing quite a bit of volatility. That volatility should continue, but it looks like we are trying to find some type of support below. We feel that the 6000 level below will be a bit of a floor, as we are most certainly oversold. However, we are not comfortable buying this market until we get above 6400 and at that point in time recognize that it would be a choppy affair going higher. This point time though, we think there are safer markets out there to be involved in.
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.
