140317_sm.png/jcr:content/renditions/original-size.webp "FTSE chart")
140317_Lg.png/jcr:content/renditions/original-size.webp "FTSE chart")
140317_sm.png/jcr:content/renditions/original-size.webp "DAX chart")
140317_Lg.png/jcr:content/renditions/original-size.webp "DAX chart")
140317_sm.png/jcr:content/renditions/original-size.webp "Dow Jones chart")
140317_Lg.png/jcr:content/renditions/original-size.webp "Dow Jones chart")
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FTSE continues to trend higher
The FTSE is continuing its ascent this morning, with the index pushing back towards the crucial 7397 resistance level. The ability to break through that level will say a lot about whether we will see this rally continue apace.
However, with the price forming a bearish rising wedge, there is a good chance we could be heading towards a potential pullback, should the price fall below the latest swing low (currently 7359). Until then, the uptrend continues to dominate.
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