Saturday, September 15, 2012

FTSE 100 forecast for coming week ended 21st September, 2012.

I was expecting good days for FTSE in later periods of this week. FTSE is making a long-term bearish pattern which it can trigger below 5000 level and technically it can avoid that by crossing around 6100 level. Lower lows it is making during last 1year is also indicating the trend towards upside but for that it has to first break its initial resistance which is 6000 level.

On the other hand I will be thinking about a bearish pattern for FTSE when it will be dropping around 5650 level, around 5800 is its initial support level. So in early days of the coming week emphasize should be given on 6000 level in the upside.

NOTEPlease see the disclaimer of this blog.

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