Index reached the suport that for two months is in the game. We were unable to successfully maintain than the historical peak of 2000. FTSE100 behavior also can not compare to the earlier strength with which the German DAX gained peaks. The weakness of the English index now affect the action of the central bank BoE that later this year it may start a cycle of rates hike. Last more than three months form the chart the downward trend and it is likely that Now rebound and move UP with the target of 6700 points. At this level to beat will be downtrend line which at the current sentiment can go wrong.

Even more serious situation looks at weekly intervals. Very few places have already been to the longterm trend line, which can be determined to the downs for the last six years. Breaking this line could even mean the end of the current bull market. which lasts since 2009 and during this time the index has gained 100% value.

FTSE100 chart D1.
FTSE100 chart D1.
FTSE100 chart W1.
FTSE100 chart W1.

FXGROW_ang

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