FTSE 100 Technical Analysis Report 8 April, 2021

• FTSE 100 broke key resistance level 6810.00
• Likely to reach resistance level 7000.00

FTSE 100 index continues to rise steadily after the recent breakout of the key resistance level 6810.00 (which has been reversing the price from the start of January). The breakout of the resistance level 6810.00 accelerated the active minor impulse wave (c) of the ABC correction (b) from the end of January.

Given the prevailing daily uptrend and the continuation of the positive sentiment regarding the British economy on the clear vaccination success in UK – FTSE 100 index is likely to rise further toward the next resistance level 6966.00 (top of wave A from January )– followed by the round resistance level 7000.00.

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