The UK FTSE100 Index is finding difficulty maintaining the bounce from the 7093.57 low of 2 February.
Prices are falling back from the 7329.56 high of 20 February, as short-term studies turn bearish and the Tension Indicator (not shown) continues to weaken. A pullback towards 7093.57 is looked for, whilst a close beneath here will signal a deeper reaction, as investors move to a neutral stance.
Subsequent focus will turn to the 7016~ Fibonacci retracement and congestion around 7000.
An unexpected close above 7354.15 is needed to negate downside tests, and confirm continuation of the broad 2016 rally towards the 7395, (161.8%) Fibonacci projection of the October-November fall.
Prices are falling back from the 7329.56 high of 20 February, as short-term studies turn bearish and the Tension Indicator (not shown) continues to weaken. A pullback towards 7093.57 is looked for, whilst a close beneath here will signal a deeper reaction, as investors move to a neutral stance.
Subsequent focus will turn to the 7016~ Fibonacci retracement and congestion around 7000.
An unexpected close above 7354.15 is needed to negate downside tests, and confirm continuation of the broad 2016 rally towards the 7395, (161.8%) Fibonacci projection of the October-November fall.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.