tziontraders

UK FTSE 100 Looks Bullish

Long
CURRENCYCOM:UK100   FTSE 100 Index
On a downmove since the past few sessions the blue trend lines on the chart shows decreasing prices. Interestingly the volume in correlation to the price again shown by blue trend line shows a decreasing volume . When prices fall on decreasing volume it shows weakness in the trend. We also see a sudden increase in volume on some recent buying candles showing strength. Expect prices to reach 7360 levels in the coming days.