Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Possibility Of A Pullback In FTSE 100, But Overall Trend Bullish

Published 24/07/2016, 11:42

Tim Young, FTSE 100 trader, joined us on the Tip TV Finance Show to offer a technical outlook on the UK market equity index, joined by Zak Mir, Technical Analyst at Zak’s Traders Cafe.

Key Quotes

“FTSE Monthly chart – looks so positive.. post-Brexit candle is strong. Indicators look strong. Overall appears on track to post record highs, we already have US stocks at record highs and this could bode well for the FTSE 100.”

“Markets don’t worry about geopolitical turmoil as they tend to expect central bank easing if situation gets worse. Every time there is pull back (for example Brexit drop) we have gone up with central banks on markets’ side.”

“Probably could break on the downside from the sideways pattern, but with wall street at record highs, it is risky to go short.”

Original post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.