FTSE 100 daily chart, August 08, 2016

FTSE 100 Forecast August 8, 2016, Technical Analysis

The FTSE 100 rose slightly during the course of the session on Friday, reaching towards the 6800 level. With this being the case, the market looks as if it is ready to continue going higher, and that pullbacks will more than likely offer buying opportunities. This is a very bullish move and looks very strong, so having said that I feel that the FTSE 100 continues to offer value the people will want to take advantage of and reach towards the 7000 level given enough time. I believe at this point in time the 6600 level below is massively supportive.