Quotes FTSE 100 stock index trading at 7346.3. Quotes are moving within the framework of the development of a downward correction, but the index is still trading above the moving average with a period of 55 that indicates a rising trend.
Bollinger Bands FTSE 100 forecast on March 7, 2017
We should expect a tight test of the lower boundary of the indicator at the level of 7310, which will act as a conservative area for shopping, and the FTSE 100 expected to continue the growth of quotations with the first target area near 7400.
A break of this area indicates the acceleration of the development of an upward trend. Cancellation option will increase the index of quotations fall and breakdown of the lower Bollinger Bands indicator with the closing of the border area of 7300 quotes below that point to change the downward trend in favor.
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