X-Trade Brokers - Analytics

    X-Trade Brokers

    423.50 6.25/10
    100% of positive reviews
    Real

    Video analysis - UK100 poised for more losses?

     Key points to consider:

     

    • The UK100 today traded at a level of 5993.8 that’s held support since March, when it attempted to breakout three times - plus once more in April, and another three times in May

    • This level also represents 41.4% of the increase move that was initiated in February

    • If prices break below this level, this is a strong signal that the market may extend its corrective movement and head even lower

    • The next two potential targets if the UK100 heads lower are at 5807.4 and 5725.6

    • It’s worth keeping close attention to market behavior within the price range of 5965.5 where an earlier reversal may occur

    • However, if support at 5993.8 holds, buyers could emerge with upside targets existing around the 6214 level

     

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree