FTSE 100: Time to short?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Momentum: MACD: Positive RSI: Neutral Stochastic: Sell signal, in overbought territory Daily Price Action Trend: Neutral Last relevant high: 6,216.1 Last relevant low: 5,845.5 Comment: The FTSE feel yesterday as poor data from China coupled with a fall in oil and general commodity prices weighed heavily on the commodity stocks. Technically we note that the market formed a sell pattern, this is coupled with a sell signal on the Stochastic that is in overbought territory generally we see these

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