FTSE 100 stock index continue to move in the framework of decline. At the time of publication of the forecast, the index is trading at 6702. At the moment, we should expect an attempt to grow and test the upper limit of the downward channel near the area of 6850. Where should we expect a rebound and the continuation of the fall of FTSE 100 quotes to the area below 6500.
FTSE 100 forecast & technical analysis December 20, 2018
In favor of reducing the stock index quotes, a test of the resistance line on on the relative strength index (RSI). Cancellation of the fall in the index quotations will be a strong growth and the breakdown of the 7020 area. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of the FTSE 100 with a target above the 7200 level.
FTSE 100 forecast & technical analysis December 20, 2018 suggests an attempt to test the upper boundary of the channel near the 6850 area. Then, continue falling to the area below the 6500 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 7020 region. This will indicate continued growth.
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