FRA40 has broken through the support line of a Pennant 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 12 days and suggests a target line to be around 13.1884 within the next 2 days.
FRA40 – breach of a trending support line that has been tested at least twice before.
