Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index has been in an uptrend. The index reached a high of 7164.20. On May 10, UKX was resisted as it fell to level 6900.UKX price corrected upward to level 7100 before resuming downward. Meanwhile, on May 11 downtrend, a […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is in an uptrend as bulls battles the resistance at level 7000. In the first uptrend, the bulls were repelled at level 7050 as the index plunged to level 6857.10. Buyers have resumed the second upward move. Meanwhile, on April […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is in an uptrend. The index retested level 7050 and fell to level 6857. FTSE 100 is now resuming a fresh uptrend to revisit the previous highs. On the upside, if price breaks the resistance at level 7050, the uptrend […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in a sideways trend. The index rebounded above level 6750 and it is approaching the resistance at level 6900. The uptrend will resume if the overhead resistance is breached. In the previous uptrend, the overhead resistance could not […]
UK100 (FTSE) is traded at 6820.2 at the time of writing, higher versus 6755.6 today’s low. It has jumped above the former high signaling strong bulls and more gains ahead. GBP’s aggressive drop registered today may help the UK100 stock index to resume its growth. The price action indicates an upside pressure after the latest […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in a sideways trend. The index has been trading below the resistance at level 6800. Since January 6, the resistance level has not been broken. On January 6, the bulls broke the resistance but the bullish momentum could […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishSince January, UKX’s upward move has been facing rejection at level 6800. On three occasions, the index was rejected and it fell to level 6500. Today, the market is still fluctuating above the 21-day SMA to retest level 6800 resistance. An […]
Key Support: 6660 Key Resistance: 6733 – 6760 The FTSE has been in an up move for the past 3 weeks rallying 5.40% from low to highs. From the highs of last week it has fallen -2.46% from high to low rejecting several times the 6660 level in the process. This down move has been […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an uptrend. Presently, the uptrend is facing resistance at level 6800. Since January 6, the upward move has been facing rejection from the recent high. Today, the price is falling after testing the resistance zone. The Share […]
