UK100 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 5720.5510 can be expected within the next 4 days.
Related Posts
CAC 40 – approaching a price line that has been previously tested numerous times in the past
CAC 40 is moving towards a key support level at 7751.5000. This is a previously tested level for…
ASX 200 is signaling a possible trend reversal on the intraday charts with price not breaching support.
ASX 200 is approaching the resistance line of a Channel Up. It has touched this line numerous times…
Breach of 8696.5000 could mean a start of a bearish trend on ASX 200
ASX 200 has broken through a support line. Because we have seen it retrace from this price in…