UK100 is moving towards the support line of a Descending Triangle which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If UK100 continues in its current trajectory, we can expect it to reach 7007.5000 within the next 3 days.
Important support line being approached by UK100. This price has been tested numerous time in the last 15 days
