The movement of UK100 towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
After testing the resistance line numerous times, UK100 is once again approaching this line. Can we expect a bullish trend to follow?
