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FTSE 100: More encouraging towards the bullish side

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE 100 Technical Analysis: Daily Chart Momentum: MACD: Positive RSI: No clear trend Stochastic: Buy signal Daily Price Action Trend: Neutral Last relevant high: 6,030.3 Last relevant low: 5,499.5 Comment: The FTSE made it four positive sessions in a row yesterday as mixed job data and a rally in oil prices helped encourage traders back into the market. Technically the index formed a higher high, thus turning the price action neutral; it will turn positive if we form a higher low. Bullish

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