Topic: Chart of the Day – FTSE 100 18.6.2014
On weekday there was a detailed below 6782 that completed a prime pattern and currently implies a a hundred purpose any correction towards 6682. This move would see the FTSE a hundred back to trade round the support of the first uptrend yet again. The momentum indicators area unit corroborative of a correction, with the RSI at a a pair of month low and MACD and Stochastics each during a corrective configuration. Yesterday, we have a tendency to saw the FTSE a hundred notice some support however this might simply be the pullback rally towards the 6782 neck. With intraday hourly moving averages falling in pessimistic sequence, a failure within the resistance band 6782/6800 with a negative signal might see the close to term commerce pressure increase once more.