FTSE 100 Price Technical Analysis: Weekly Chart
- In the weekly charts , FTSE 100 is trading in an upward channel.
- FTSE 100 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
- FTSE 100 will follow an uptrend in the coming weeks.
- The FTSE 100 crucial support level is at 7,165.8 FTSE 100 which is near 20 days SMA as of now. There are no signs of a bearish trend.
- Bulls have their tight grip on FTSE 100 .