FTSE100 - Technical Analysis

FTSE100 - Technical Analysis

A study at the daily chart and taking a long term view sees the index nearing the first key level of horizontal support at 7095. Over the past month we have seen the price test this level on two occasions as well as in the first half of 2017.

A break of this level would see 6883 come into play followed by 6666. Interesting to note is the 50-day moving average crossing below the 200-day moving average – a technical event known as the “death cross“.

 

 

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