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Is The UK100 Headed for a Decline? | Indices

Published: 10.11.2023
by Joseph Jeffriess

Today, we are looking at the UK100, asking if it will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today’s video update? Are the lower highs after the trend break and failed rally yesterday a new momentum shift to sellers in the short term?

Today’s focus: UK100

Pattern – LH decline
Support – 7375 – 7250
Resistance – 7466 – 7710

We continue to look at major index influences and watch today’s UK GDP. If buyers are able to reverse today’s selling and break the 7466 resistance, this will cancel out this sell idea.

Good trading.

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