FTSE 100 recently reversed sharply up from the strong support zone surrounding the support level 6500.00 (which also earlier reversed the index twice up in the middle of last month). The support zone near 6500.00 was strengthened by the lower daily Bollinger Band and the support trendline of the daily up channel from last year.
FTSE 100 is currently trading close to the strong resistance level 6700.00 – which also previously reversed the index down at the start of April. If FTSE 100 breaks above 6700.00 – it can rise to the next buy target at 6800.00.
The post HY MARKETS News : Index Report:FTSE 100 appeared first on | HY Markets Official blog.
Article provided by HY Markets Forex Blog