Pullback post breakout for FTSE100
MarketsFN Team
•1 min read
the Index last week on the 14th had a strong session, and went above the same day over both its 200 day SMA and the supply line intermediate the was linking lower highs.
Today is making a pullback in area 7,670 on what it became a support. Next resistance last week high at 7,755 and then 7.930. Its all time high is at 8,046, less than 400 points and it would require a 4.9% advance from current levels.
In case the index would lack energy to make a bullish leg, below 7,624 it may test 7,540 and then 7,370. The multiple bottom in area 7,215 would need a drop of 5.9% from today levels.
