FTSE 100 recently reversed down after nearly reaching the resistance level 6900.00 that was set as the buy target in our earlier report for this index.
The index immediately reversed down from 6900.00 and can be expected to correct further down to the support level 6800.00 (the lower border of the former strong resistance zone – acting as support now after it was broken at the start of this month, as you can see from the daily FTSE 100 chart below). FTSE 100 is likely to reverse up from 6800.00 to retest the earlier buy target at 6900.00.
The post HY MARKETS News: Index Report: FTSE 100 appeared first on | HY Markets Official blog.
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