TipTVFinance

FTSE100 - Very bullish on monthly chart, eyeing record highs

TVC:UKX   FTSE 100 Index
FTSE100 monthly chart looks super bullish and says the index may very well on track to post record highs. A move to record highs doesn't look impossible, given the Bank of England (BOE) is seen cutting rates next week and a significant majority also believes it would restart QE program.

On monthly chart, every dip below 6000 was met with fresh buying interest finally resulting in a solid upside move post Brexit.

The index is now flirting with a rising trend line resistance. Today's closing (monthly closing) above 2007 high of 6754.1 would have been a extremely bullish sign. Nevertheless, a closing above rising trend line could be enough to send the index higher.

Check out what Tim Young, a successful day trader at Ayondo had to say about FTSE 100             on our show this week - https://www.youtube.com/watch?v=86tfHEJdHwo
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out