UK100 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 36 days and suggests a target line to be around 7217.7225 within the next 7 days.
UK100 – breach of a trending resistance line that has been tested at least twice before.
