FTSE 100 approaching 2007 high of 6740

7 มี.ค. 2021

In 2007 the FTSE hit a high before a steep decline, a level we are approaching around 6740. A level which is also heavily defended by the 100 MA.

It would take a good amount of positive sentiment to breach this level - will we get this during an uncertain pandemic ?

If sentiment in the US markets declines, then we could see a significant pull back across all indicies.

I am unsure how this will play out, but I am leaning towards a bearish few weeks in the markets.