The breakout of UK100 through the 7320.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, UK100 could test 7361.1001 within the next 14 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
A possible move on Nikkei 225 as it heads towards support
Nikkei 225 was identified at around 35685.0 having recently rebounded of the resistance on the 4 hour data…
Will FTSE 100 break through the resistance level it tested before?
FTSE 100 is heading towards 8453.7998 and could reach this point within the next 6 hours. It has…
Could a large bullish move on CAC 40 be a sign of things to come?
CAC 40 has experienced an extremely big movement in last 22 days. It may continue the trend, but…