Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on FTSE 100

Either a rebound or a breakout imminent on FTSE 100

Either a rebound or a breakout imminent on FTSE 100 post thumbnail image

The movement of FTSE 100 towards 8727.8203 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Supported by Downward sloping Moving Average

Target: 8727.8203 Entry: 8755.5 Stop: 8766.0736

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