Hi all, FTSE100 seems to be struggling to recover from the brutal February stock crash, added to the recent BREXIT issues, all fundamentals do not support a bullish outlook. But technically we could be getting ready to trade higher, we gotta be optimistic at this point. A good deal from the BREXIT talks could fuel the buys. For now investors are mostly observing and making small bet, we seem to be holding steady above the 6000 big figure. We still got reasons to buy at this point, that would be a solid discount. For the fundamentals as worse as it is, UK seems to be making trade deals with other good economies, Japan for instance. I wouldn't make a big sell bet right now, that's why for this week, we looking to go long on UK FTSE 100 Index
A ideal entry will be 5915, with invalidation points being around 5750, targets could well be above 6100 to 6250. Just a personal outlook, take at your own risk.
HAPPY TRADING
A ideal entry will be 5915, with invalidation points being around 5750, targets could well be above 6100 to 6250. Just a personal outlook, take at your own risk.
HAPPY TRADING