Cabana Capitals Blog Technical Analysis Will FTSE 100 have enough momentum to break resistance?

Will FTSE 100 have enough momentum to break resistance?

Will FTSE 100 have enough momentum to break resistance? post thumbnail image

FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 5 hours.

Supported by Upward sloping Moving Average

Target: 8136.4621 Entry: 8106.7 Stop: 8065.6

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