FTSE 100 stock index continues to move as part of the upward correction. At the time of the publication of the forecast, the index is trading at 6856. At the moment, we should expect an attempt to grow and test the resistance level near 6935. Where should we expect a rebound and continued fall in FTSE 100 quotes to the area below 6535.
FTSE 100 Forecast and Analysis January 10, 2019
In favor of reducing the stock index quotes, a test of the resistance line on the indicator will appear. Cancellation of the fall in the index quotations will be a strong growth and a breakdown of the 7035 area. This will indicate a breakdown of the upper limit of the downward channel and continued growth of the FTSE 100 with a target above 7170. Wait for confirmation of the fall in the stock index quotes with the breakdown of the support area and closing below the 6850 area.
FTSE 100 Forecast and Analysis January 10, 2019 suggests an attempt to test the upper boundary of the channel near the 6935 area. Then, continue falling to the area below the 6535 level. The FTSE 100 quotes fall will be tested by the resistance line test on the relative strength index (RSI). The abolition of the fall option will be a strong growth and a breakdown of the 7035 region. This will indicate continued growth.