hilsdentrading

7510 and 7525 Support - back to 7600?

Long
TVC:UKX   UK 100 Index
90 views
3
At 7525 we are at the bottom of the 10 day Raff channel, and have had a slow pullback this morning. Lower support is at 7510 so we may well see some support around the 7500 to 7525 level for a rise back to test the recent high at 7600. Above that then 7685 looks possible, but with the General Election on Thursday it will be some brave bulls to take us that high this week. That said, we could be on for some buy the rumour, sell the news and Friday sees the worm turn for a trip down to 7200 again.