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FTSE 100 keeps moving closer towards 8814.3701. Will it finally breach this level?

FTSE 100 is approaching a resistance line at 8814.3701. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

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A Channel Down has formed, DASHEUR is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

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Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 65.9135 – read about what this could mean for the future.

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