UK100 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 4 days and suggests a possible target level to be around 7287.1499 within the next 16 hours.
Related Posts
Resistance line breached by US 500. This price has been tested at least twice before.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
Supports and resistances are primary concepts of technical analysis. DAX 40 is heading for an important price of 21417.6992 – read about what this could mean for the future.
DAX 40 is approaching a resistance line at 21417.6992. If it hits the resistance line, it may break…
After experiencing a 6.57% bearish move in the space of 14 days, nobody knows where NAS 100 is headed.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…