Aurum Markets Blog Technical Analysis Possible start of a bearish trend as FTSE 100 breaks support

Possible start of a bearish trend as FTSE 100 breaks support

Possible start of a bearish trend as FTSE 100 breaks support post thumbnail image

FTSE 100 has broken through 8611.7002 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, FTSE 100 may be heading towards 8480.1572 within the next 3 days.

Supported by Downward sloping Moving Average

Target: 8480.1572 Entry: 8568.9 Stop: 8690.015

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