The FTSE fell during the course of the week, testing the $14.20 region. There is a significant amount of support just below the $14 handle though, so we
The FTSE fell during the course of the week, testing the $14.20 region. There is a significant amount of support just below the $14 handle though, so we feel that the market cannot be sold quite yet. A move below that $14 level does of course constitute a longer-term sell signal though, and we would not hesitate to do so. Rallies at this point in time will continue to struggle at the $16 level above, so they should offer selling opportunities as well. With the strengthening US dollar, we have no interest in buying silver.
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.
