Tim Young, Day Trader at Ayondo, joins the Tip TV Finance Show, along with Zak Mir, Technical Analyst at Zak’s Traders Cafe, to offer technical outlook on the UK market equity index - FTSE 100.
Highlights:
“Very frustrating week for FTSE 100 traders.. I still retain a long-term bullish view, but this week hasn’t been good.”
“Support around 6850..holding the same but isn’t extending gains above the same as well”
“FTSE 100 still looking very bullish on technical charts. 4-hr candles finding support around 6846, indicators oversold on 4-hr timeframe. Looks like it is setting up for the next leg higher.”