UK100 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 6505.8435 can be expected within the next 14 hours.
Related Posts
Will Nikkei 225 break through the support level it tested before?
Nikkei 225 is about to retest a key horizontal support level near 37400.0000. It has tested this level…
CAC 40 hits 7880.9 after a 13.03% move spanning 37 days
CAC 40 rose sharply for 36 days – which is an excessively big movement for this instrument; exceeding…
DAX 40 is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
The movement of DAX 40 towards the resistance line of a Channel Up is yet another test of…