FTSE 100 Futures Forecast January 21, 2013, Technical Analysis

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Posted January 19, 2013 4:02 (GMT) | By FX Empire Analyst - Christopher Lewis | Print | Font Size       | Add a comment

The FTSE had a positive showing on Friday as we pierced the 6150 level. The market has recently broken out and above the 6000 handle, and as a result this is a “buy only” type of market. We are looking for pullbacks in order to get involved from the long side, and think that we will continue to see bullishness in this market. A break of the range to the upside on Friday would also be extremely bullish, and as a result we will look for that or the aforementioned pullback that shows signs of support. Especially supportive at this point in time in considered to be the “floor” in the marketplace is the 6000 level.

FTSE 100 Futures Forecast January 21, 2013, Technical Analysis FTSE 100 Futures Forecast January 21, 2013, Technical Analysis


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