FTSE 100 (UKX) Fluctuates Between Levels 6000 and 6400

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RESULTS

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 share has continued to consolidate sideways since June. The price is fluctuating between levels 6000 and 6500. Buyers and Sellers are yet to break levels of the market. The price is now consolidating near the support level.

Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping horizontally. It indicates the current sideways trend. Presently, the share is at level 43 of the Relative Strength Index. The price has fallen to the support level and resumes an upward move.

FTSE 100 (UKX) Medium-term Trend: Ranging
On the 4-hour chart, the share is in a sideways move. The market is presently in a choppy price action. The share has fallen to level 6000 but may continue selling pressure .

4-hour Chart Indicators Reading
The market has fallen below a 20% range of the daily stochastic. It indicates that the price is in a bearish momentum. The 21-day and 50-day SMAs are sloping sideways move.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) share is still in a sideways move. Since May, price has been fluctuating between levels 6000 and 6500.


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