UK100 has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 19 days and suggests a possible target level to be around 7879.6325 within the next 2 days.
Support line breached by UK100. This price has been tested at least twice before.
