FTSE 100 is heading towards the support line of a Channel Up. If this movement continues, the price of FTSE 100 could test 8712.7766 within the next 11 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
FTSE 100 formed a Channel Up on the 30 Minutes chart. Retest of support in sight.
