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FTSE Forecast Today 27/01: Tests Key Support (Chart)
(MENAFN- Daily Forex)
- The FTSE 100 fell during the trading session on Friday, as the overstretched condition in the market has finally caught up with it.
- At this point, the market is currently hanging around the 8500 level, an area that previously had been resistant to price action.
- Now that we have pulled back to this area, it suggests that a little bit of“market memory” could come into the picture, and I think that buyers will more likely than not do what they can to pick up“cheap contracts” at this juncture.

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