Aurum Markets Blog Technical Analysis Should we expect a bearish trend on FTSE 100?

Should we expect a bearish trend on FTSE 100?

Should we expect a bearish trend on FTSE 100? post thumbnail image

The breakout of FTSE 100 through the 8726.7002 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, FTSE 100 could test 8592.7666 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Supported by Downward sloping Moving Average

Target: 8592.7666 Entry: 8685.5 Stop: 8798.0667

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