UK 100
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UK100 approaching support, potential bounce!

UK100 is approaching our first support at 6771 (61.8%, 100% fibonacci extension, 50% fibonacci retracement, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 7002 (76.4% fibonacci retracement, horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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Chart PatternsHarmonic PatternsTrend AnalysisUK100 CFDUK 100uk100longuk100_setupuk100shortUK10YBGBP

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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