• UK100 broke multiple resistance levels
• Likely to rise to 6295.00

UK100 continues to rises strongly after the index previously broke through a series of consecutive resistance levels – the resistance trendline of the daily down channel from June, the round resistance level 6000.00., the resistance level 6200.00 (former monthly high and the top of the previous correction (ii) from September) and the 50% Fibonacci correction level of the previous extended downward impulse from June.

Given the strength of the active accelerated upward correction (ii) – UK100 is expected to rise further toward the next resistance level 6295.00 (former powerful resistance from August and September and the target price for the completion of the active correction (ii)) – the breakout of which should lead to further gains toward the next powerful resistance level 6500.00