FTSE 100 Forecast December 9, 2016, Technical Analysis

The FTSE 100 initially fell during the day on Thursday, but found enough support underneath to turn things back around and form a hammer. The hammer of course is a bullish candle and it looks as if we are going to try to reach towards the 7000 handle above. If we can break above that level, and then feel that we can continue the longer-term uptrend. Pullbacks offer value, as the FTSE 100 seems to have a bit of a bullish attitude to it although we have been consolidating for quite some time.