TipTVFinance

FTSE100 – Bullish break on daily chart

TVC:UKX   FTSE 100 Index
Thursday’s day end close above falling trend line (drawn from Aug 15 high – Sep 2 high) suggests the doors have been opened for a rise to magic figure of 7000.

However, the hourly RSI has resumed the decline from the overbought territory; hence we may see a minor drop to 6880 levels before it makes an attempt at 7000 levels.
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