UK100 has broken through a support line of a Channel Up and suggests a possible movement to 7469.2131 within the next 6 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
UK100 through 7498.95652173913. Is this a confirming a breakout? Will it continue its path in the current trend toward 7469.2131?
