UK100 (FTSE)-Weekly forecast, Technical Analysis & Trading Ideas

Midterm forecast:

• 8380.25 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  

Technical analysis:

• A trough is formed in daily chart at 8006.10 on 12/20/2024, so more gains to resistance(s) 8833.83, 9000.00, 9100.00 and more heights is expected.
  

Take Profits:

1. 8664.21
   
2. 8765.00
   
3. 8833.83
   
4. 9000.00
   
5. 9100.00
   

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ForecastCity Support Team