The quotes of the stock index FTSE 100 are traded at the level of 7310. The index continues to trade within the lateral trend and at the moment there is the potential for a slight correction to the area above the level of 7345, from which it is expected to drop quotations in the area below the level of 7250.
Technical analysis and FTSE 100 Forecast on April 17, 2017
In favor of the rebound of quotes FTSE 100 stands Dense test of the ascending trend line on the indicator of relative strength. Cancellation will be a strong growth in quotations of the index FTSE 100 will breakdown the downward trend line on the indicator of relative strength, which indicates the continued growth.
Technical analysis and FTSE 100 Forecast on April 17, 2017 involves an attempt to fall below 7250 as part of the rebound from the downward trend line on the relative strength indicator, the breakdown of the region 7380 will mark the continuation of growth.
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