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FTSE 100 forecast for coming week ended 5th October, 2012.

I was expecting that Ftse may show directional move in middle days but still it has a chance of upside movements. Ftse may move in the both sides but frankly speaking it looks to me slightly bearish than other leading indexes and this is in spite of the fact that it is in more over-sold condition than others.

So in coming week, first it has to cross 5850 level and thereafter 5900. I will think about a new uptrend or break-out in the upside when it will give stronger moves above 6000 level.

On the other side if it drops from here  or failed to test above 5900 level then there is a chance of correction in later period of the coming week. I will think about a bearish pattern if it drops below 5700 level. Here I must say that when other leading stock indexes are showing an opportunity of making future bearish pattern, in case of Ftse that chance is more prominent.

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