FRA40 has broken through the support line of a Rising Wedge 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 28 days and suggests a possible target level to be around 6576.6440 within the next 2 days.
FRA40 – breach of a trending support line that has been tested at least twice before.
