FTSE 100 has broken through a line of 8310.0000 and suggests a possible movement to 8329.1826 within the next 16 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Related Posts
A possible move on Nikkei 225 as it heads towards resistance
Nikkei 225 is approaching the resistance line of a Channel Up. It has touched this line numerous times…
If you’re short FTSE 100 you should be aware that 8791.4502 has just been breached – a level tested 3 time in the past
The price of FTSE 100 in heading in the direction of 8840.5146. Despite the recent breakout through 8791.4502…
Breach of resistance could mean a start of a bullish trend on ASX 200
ASX 200 moved through the resistance line of a Falling Wedge at 8151.392307692307 on the 30 Minutes chart.…