Annual forecast for FTSE 250 (2021)

PUBLISHED: Apr 13 2021 @ 20:59 | Comments (0) | More info about Azeez Mustapha

FTSE 250 market (FTSE:MCX) is really pulling its weight; in that it has been going upwards in the last several month, and the market bias remains bullish. From November 2020 until now, price has been making a series of high highs and higher lows.

The market has currently broken outside the upper Trendline, going further northwards. At the same time, the RSI period 14 is almost above the level 60, going towards the level 70. That shows a strong momentum in the market.

The outlook for FTSE 250 remains bright for the year 2021, and price is expected to maintain an overall bullish bias, in spite of some occasional bearish pulls it may experience along the way. The next targets are the resistance levels at 23,000.00, 24000.00 and 25000.00.

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