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FTSE 100 – The frustrating range-play

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE 100 Technical Analysis - Daily Chart Momentum: MACD: Sell RSI: Negative trend forming Stochastic: No clear signal Daily Price Action Trend: Neutral Last relevant high: 6,237.0 Last relevant low: 5,845.5 Comment: The FTSE rallied yesterday recovering the vast majority of the previous session’s fall, with pharma and oil leading the way higher. From a trading point of view we are being frustrated by the FTSE, as London’s leading market has been in a small range since the start of March.

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