Cabana Capitals Blog Technical Analysis FTSE 100 approaches important level of 8313.9004

FTSE 100 approaches important level of 8313.9004

FTSE 100 approaches important level of 8313.9004 post thumbnail image

FTSE 100 is about to retest a key horizontal resistance level near 8313.9004. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 8313.9004 Entry: 8250.1 Stop: 8221.371

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