FTSE 100 Index Futures Forecast December 13, 2012, Technical Analysis

The FTSE 100 Index futures rose during the session on Wednesday, as we continue to see a significant amount of bullishness in this market. In fact, we see this all over Europe right now, and presently do not want to short the European indices because of this.

However, this market has a massive resistance area going from the 5900 level all the way up to the 6000 level. It is because of this that we are a little bit cautious about buying at this point time. However, if we managed to break the 6000 level, this becomes a buy-and-hold market. Obviously, with all this bullishness we are not interested in selling.