GBR.IDX/GBP 4H: Decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellBuyBuy
Aggregate

The UK100, which measures the best 100 performing shares from the London Stock Exchange, has declined by 3.43% since the middle of July. The UK100 breached the 50-, 100– and 200– period SMAs on July 23.

Everything being equal, the stock will most likely continue to edge lower during the following trading sessions. The potential target for bearish traders will be at the 6000.00 mark.

However, the weekly support level at 6034.12 could provide support for the UK100 index within this week's trading sessions.

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