SelectedAlpha

FTSE 100 index nears resistance area (254 RealStrength points)

Short
CURRENCYCOM:UK100   FTSE 100 Index
FTSE 100 index approaching stubborn resistance level 7120.00, which has been reversing the price over the last few trading sessions. Selected Alpha ranks the strength of the resistance zone near this resistance level at 254 RealStrength points – due to the intersecting upper daily Bollinger Band . Expect intraday downward correction from resistance level 7120.00. Next resistance level stands at 7166.00 (monthly high from May).
Trade closed: target reached
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