UK100 is moving towards a line of 6981.0000 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If UK100 continues in its current trajectory, we can expect it to reach 6981.0000 within the next 18 hours.
Related Posts
After testing the resistance line numerous times, Nikkei 225 is once again approaching this line. Can we expect a bullish trend to follow?
Nikkei 225 was identified at around 39819.0 having recently rebounded of the support on the 4 hour data…
ASX 200 heading towards a price it has tested 4 times in the recent past.
ASX 200 is en route to a very important line that will be a definite deciding factor of…
A Rising Wedge has formed, NAS 100 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
NAS 100 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…