Whilst its still volatile, the bulls have managed to break above the 7215 resistance level overnight on the
UKX
. That should in theory now become support and as long as the bulls can defend this level then a rise towards the next key resistance area at 7325 is possible. The S&P 1.10% has defined the drop to 2610 yesterday and testing 2650 again. Ball is firmly in the bulls court. A break lower below 7215 leads back towards 7100.
UKX
. That should in theory now become support and as long as the bulls can defend this level then a rise towards the next key resistance area at 7325 is possible. The S&P 1.10% has defined the drop to 2610 yesterday and testing 2650 again. Ball is firmly in the bulls court. A break lower below 7215 leads back towards 7100.