FTSE 100 Forecast December 6, 2016, Technical Analysis

Published: Dec 6, 2016, 04:59 UTC1min read
FTSE 100 daily chart, December 06, 2016
The FTSE 100 rallied on Monday, but gave back a bit of its gains once we got close to the 6800 level. A break above there should send this market towards the 7000 level above, which is resistance as far as I can see. Because of this, I remain bullish
Most Popular

The FTSE 100 rallied on Monday, but gave back a bit of its gains once we got close to the 6800 level. A break above there should send this market towards the 7000 level above, which is resistance as far as I can see. Because of this, I remain bullish but recognize that it is going to be noisy. Ultimately, we are still in a consolidation zone but I feel that the market will continue to show signs of strength over the longer term as the British pound continues to fall over the longer term.

Advertisement
Know where Markets is headed? Take advantage now with

Your capital is at risk

Don't miss a thing! Sign up for a daily update delivered to your inbox

Latest Articles

See All