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FTSE 100 – The oil retreat

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Buy RSI: No clear trend Stochastic: No clear signal, in overbought territory Daily Price Action Trend: Neutral Last relevant high: 6,373.9 Last relevant low: 6,061.9 Comment: The FTSE finished lower on Friday as oil retreated and mix economic news had traders taking profits after a generally good week for gains. Technically the market did form a candlestick sell pattern which will remain in play unless: 6,372.5 is bettered without 6,328.2 being broken. We note that we do not

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