European Markets have given handsome gains to the investors on the hope that fiscal deficit problems in the Greece would be sorted out by the European Union members. The British Index FTSE has been leading from the forfront and gave more than 10% returns on investment to the investors who bought in the February 2010 lows of just above 5000. The bulls have enjoyed there time and now it might be the time of the bears to enjoy a little bit or there might be atussle between the bulls and the bears while the index consolidates. Looking at the charts, the opinion is that 5650 might be the resistance for FTSE in the coming 8 -10 days and it might trade towards 5450 in the coming 8-10 days.
A bet that FTSE will not touch 5660 in the coming 7 days would return 2 Dollars for 1.19 Dollars invested as of my writing, on the other hand a bet that FTSE will trade through 5500 in the coming 7 days would return 2 Dollars for every 1.06 Dollars invested. You can visit betonmarkets to open an Account.
