FxWirePro Call Review: Maintain long positions in FTSE100 targeting 8100

In April last year, we at FxWirePro suggested to our readers that the UK’s benchmark stock index, FTSE100 which was then trading at 6320 that it might be aiming for 7000 mark in an article named, “FxWirePro: FTSE may be aiming for 7000 mark”  available at http://www.econotimes.com/ . We then reinforced our outlook in September last year in a subsequent article named, “FxWirePro Medium Term Outlook: Buy FTSE at dips targeting 8100”, available at http://www.econotimes.com/ , where we called on our readers to long the FTSE100 at the then current rate of 6680 and at dips around 6500 with a target around 8100 area.

In our last review back in May this year, we reiterated our commitment to the call and assessed that the call has been successful so far with 19 percent return. However, we urged our readers who are looking to avoid unnecessary volatility to book some of the profits as three targets around 7100, 7300, 7500 were reached.

Since that review, the call hasn’t made much progress but the index consolidated. No new targets (7700, 8100) weren’t reached. This week the FTSE100 is once again testing the highs made in May and in this article, we would once again like to reiterate our commitment to the call with the final target around 8100.