Quick Technical Overview - FTSE 100 Index: ranging bearish
Analytics & Forecasts

Quick Technical Overview - FTSE 100 Index: ranging bearish

13 October 2015, 06:11
Sergey Golubev
Sergey Golubev
0
723

Weekly price is on bearish market condition for ranging between Central Pivot at 6474 and key support level at 5758.

  • The price is ranging within Central Pivot at 6474 and key support level at 5758.
  • The nearest resistance levels are Central Pivot at 6474 and key resistance level at 6715.
  • The nearest support levels are S1 Pivot at 6045 and key support level at 5758.
InstrumentS1 Pivot
Yearly PP
R1 Pivot
Z
 6045
 6474
 6909

If W1 price will break Central Pivot at 6474 from below to above on close W1 bar so we may see the reversal of the price movement to the primary bullish market condition.
If W1 price will break key support level at 5758 from above to below so the bearish condition will be continuing.
If not so the price will be ranging between the levels.

Trend:

W1 - ranging bearish
#technical analysis, stock market, FTSE 100 Index