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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

Thursday
Jan 08th
FTSE at a glance - 21 Nov 2007

Will 6000 keep up the FTSE Future?
It seems difficoult to understand where the fall can stop.
6.000 could be an important support for the FTSE. We expect higher volumes as soon as the FTSE future reaches this area (in both August and February, the volumes had increased considerably).

The Relative Strength Index is not as low as it was in August in February. This week will tell us a lot about the future of the FTSE.

The charts here below show  the actual situation:

  • the first is a daily chart: below 5.850 the situation would get worse and worse.
  • the second is a weekly chart: it helps give a longer term view.
Ftse                         Ftse





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