UK100 is moving towards a line of 7073.5000 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If UK100 continues in its current trajectory, we can expect it to reach 7073.5000 within the next 2 days.
Related Posts
If you’re long CAC 40 you should be aware of the rapidly approaching level of 8069.5000
The movement of CAC 40 towards 8069.5000 price line is yet another test of the line it reached…
A Descending Triangle has formed, Nikkei 225 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Nikkei 225 is trapped in a Descending Triangle formation, implying that a breakout is Imminent. This is a…
CAC 40 likely to test 8088.0000 in the near future. Where to next?
The price of CAC 40 in heading back to the support area. It is possible that it will…