UK100 index reveals support below 7,200.00

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Source: Dukascopy Bank SA


The decline of the UK top 100 stock index found support in early May in the 7,155.00/7,185.00 zone. Since the event, the index has been highly volatile in the 7,200.00/7,500.00 range. On May 26, the index appeared to have broken out of the range to the upside.

A potential surge of the stocks could encounter resistance in the 7,600.00 mark and the April high level at 7,675.00, prior to reaching the all time high zone at 7,700.00/7,725.00.

On the other hand, a decline of stocks could encounter support in the 7,155.00/7,185.00 zone. Further below, note the trend line, which connects the 2020 and 2022 low levels.
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