FTSE100 – Strong resistance at 7055
Tuesday’s sharp rebound from rising trend line support if followed by a break above 7055 (Oct 14 high) would open doors for a rally to record high of 7129.8.
On the lower side, failure to hold above 7K levels today would open doors for a re-test of rising trend line support seen today around 6948.
On a slightly larger scheme of things, only a daily close below rising trend line would signal bullish invalidation.
On the lower side, failure to hold above 7K levels today would open doors for a re-test of rising trend line support seen today around 6948.
On a slightly larger scheme of things, only a daily close below rising trend line would signal bullish invalidation.
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