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FTSE 100: Stochastics suggest some upside potential

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Still some upside momentum left in the FTSE 100, says Tim Young, Day Trader at Ayondo, as he shares the technical outlook for the UK equity market index in today’s Finance Show, joined by Nick Batsford, CEO at Tip TV. FTSE: Daily chart Looking at the daily chart for the FTSE 100, Young sees the index struggling around the 6400 mark, and sees some consolidation ahead around the 6300 area. Momentum-wise, Young believes that there is still some upside left in the index. FTSE: Weekly chart Young

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