UK100Cash

Technical Analysis – UK 100 index prints fresh 10-month high after skinny Brexit trade deal

Posted on December 29, 2020 at 1:32 pm GMT

The UK 100 stock index (cash) opened with a positive gap on Tuesday, advancing above the 61.8% Fibonacci level of the 7,688 – 4,777 downfall and to an almost 10-month high of 6,677. Despite the bullish appetite, however, the price seems to be struggling to hold above the 6,635 barrier, which can also be linked to the closing prices registered early in March. The ascent in the RSI and the Stochastics is currently favoring the bulls, though a confirmation above 6,635 is likely [..]

Technical Analysis – UK 100 index bulls get a wake-up call; positive but overbought

Posted on November 11, 2020 at 4:41 pm GMT

The UK 100 stock index (cash) flew above the 200-day simple moving average (SMA) for the first time since February and closer to June’s high of 6,513, recording its second notable weekly gain and its biggest monthly increase in several years. The market is in overbought territory according to the RSI and the Stochastics, though the indicators have yet to set a downward shift, hinting that there is still some bullish steam in store. If that is the case, the [..]

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