FTSE100 – Bears await break below 6780

TVC:UKX   FTSE 100 Index
Bearish factors –

Bearish crossover between 5-DMA and 10-DMA

Bearish break in daily RSI from rising channel

Increased odds of Fed rate hike

Bullish factors –

Cable weakness &

The index is still above key support level of 6780

Inverted head and shoulder breakout target yet to be achieved

Thus, the overall trend remains bullish unless the index closes below 6780, in which case the corrective move could be extended to 6500 levels.

Bulls should watch out for a rebound from 6780 followed by a break above 10-DMA as it would indicate the rally to 7000 has resumed.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out