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UKX Rebounds as It Approaches Level 7578

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 (UKX) price is in an uptrend as it approaches level 7578. As it climbs to the prior highs, the index price breaks above the moving average lines. UKX has been trading between the moving average lines since October 21. […]

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FTSE 100 Hovers above Previous Support at Level 6800

Technical IndicatorResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 is in a downtrend as it hovers above the previous support at level 6800 . The downtrend has been accelerated after the rejection at level 7500. The index price breaks below the moving average and resumes selling pressure. […]

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