Aurum Markets Blog Technical Analysis Important price line breached by FTSE 100

Important price line breached by FTSE 100

Important price line breached by FTSE 100 post thumbnail image

FTSE 100 has broken through a line of 8791.4502. If this breakout holds true, we could see the price of FTSE 100 heading towards 8840.5146 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any trades.

Supported by RSI below 40

Target: 8840.5146 Entry: 8806.12 Stop: 8667.6295

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