FTSE100 Buyers Retaliate as Confidence Builds Back
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FTSE100 Buyers Retaliate as Confidence Builds Back

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Azeez Mustapha

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Market Analysis – February 15th

FTSE100 buyers retaliate as confidence builds back. In the ever-changing world of finance, the FTSE100 index has been a focal point for investors and traders alike. Over the past few weeks, we have witnessed a fascinating battle between buyers and sellers as confidence in the market fluctuates.

FTSE100 Key Levels

Resistance Levels: 7772.900, 7900.000

Support Levels: 7588.800, 7257.90

FTSE100 Buyers Retaliate as Confidence Builds Back

FTSE100 Long-Term Trend: Bearish

The recent weeks have seen a serious liquidity run in the FTSE100 market. Sellers, who initially held the upper hand, managed to overcome the significant level of 7588.800. This breakthrough was a significant milestone for the sellers, as it allowed them to exert their influence on the market. However, the buyers quickly regrouped and built a strong resistance, pulling the price back to the 7588.800 level. This resistance has somewhat disrupted the bearish influence that was dominating the market.

At the start of January, the sellers saw a great opportunity to drive the price lower. The index experienced a u-turn as the focus shifted from buying to selling. The buyers, who were previously in control, found themselves shut out from pushing the price beyond the significant level of 7772.900. The sellers took advantage of this shift in sentiment and initiated a strong rally before exiting at the 7396.900 significant zone.

In their current attempt to regain control, the buyers are holding out against the sellers’ influence. However, it is important to note that the 7588.800 significant level may still act as a potential stopper for them. This key level could either present a potential breakthrough or a reversal, depending on the market dynamics. To navigate through these uncertain times, traders and investors can rely on the best forex signals available.

FTSE100 Buyers Retaliate as Confidence Builds Back

FTSE100 Short-Term Trend: Bullish

One of the indicators that traders often use to gauge market sentiment is the Parabolic SAR (Stop and Reverse). Currently, the Parabolic SAR remains tilted in bearish sentiment, indicating that sellers still have confidence in the market. This indicator adds to the overall picture of the ongoing battle between buyers and sellers in the FTSE100.

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