With the strong platform of support now firmly established in the 5403 price region the FTSE 100 continues to climb higher in a series of positive steps, further extending the bullish breakout of last week which saw this key index finally climb above the recent sideways price consolidation. Yesterday’s price action was relatively muted with the FTSE 100 index confined to a narrow range and ending as a small doji cross candle which may signal a pause point and temporary pullback in today’s trading following Monday’s strong performance and strong gains. For FTSE betting today we may see a minor pullback in the index but for longer term trend traders the outlook is currently firmly bullish with both the 20 and 50 day moving averages now turning sharply higher and with the deep platform of support now below we are looking towards a price of 5825 which was last seen in April as our initial trading target. As always FTSE spread betting trade should be fully protected with a stop loss and thereafter initiated as a trailing stop to lock in any profits turning the trade into a risk-less position.
Share volumes continue to fall
