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Trading the FTSE 100: Stochastics in favour of upside towards 6400-6450

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Trading Strategy update, we bring you the technical outlook for the FTSE 100 equity market index, from Tim Young, Day Trader at Ayondo, along with Nick Batsford, CEO at Tip TV. FTSE 100: Weekly chart Young says that he’s still awaiting a move above 80 level for the stochastics, trending around 70 at the moment. Technically, Young sees upside potential towards 6400-6450 on the footsie, but believes that a move towards this might mark the end of the bullish move for the equity index.

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