Aurum Markets Blog Technical Analysis Breach of important price line imminent by FTSE 100

Breach of important price line imminent by FTSE 100

Breach of important price line imminent by FTSE 100 post thumbnail image

FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 31 days and may test it again within the next 2 days.

Supported by Upward sloping Moving Average

Target: 8814.3701 Entry: 8779.16 Stop: 8750.6554

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