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.
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.
