Interesting chart for the UK FTSE-100 which is now at the low end of the 6.400-6.800 range it has been trading in for the last one year or more. If we see a resolution to the downside, index bears will target 6.200 and then 6.000 before buyers re-emerge. Resistance at 6.500 and 6.600.
FTSE-100, daily chart:
Chart courtesy of investing.com. http://investing.com
RECEIVE MY TRADING REPORT, FREE OF CHARGE, TWICE A DAY, FOR 2 WEEKS, BY SENDING AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!
Please read the Disclaimer!