FRA40 has broken through the resistance line of a Flag technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days and suggests a possible target level to be around 7283.4884 within the next 17 hours.
FRA40 – breach of a trending resistance line that has been tested at least twice before.
