FTSE Forecast August 5, 2015, Technical Analysis
The FTSE as you can see went back and forth during the course of the day on Tuesday, as the 6700 level offered a bit of resistance. However, we believe that if we can break the top of the range for the session, the market should then reach towards the
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The FTSE as you can see went back and forth during the course of the day on Tuesday, as the 6700 level offered a bit of resistance. However, we believe that if we can break the top of the range for the session, the market should then reach towards the 6800 level. We have no interest in selling yet, as we believe that the Monetary Policy Committee Statement coming out of the United Kingdom today could be the catalyst for a move to the upside. With this, we are buyers above the top of the range for the session on Tuesday.
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