FTSE 100 - Eyeing neckline resistance at 6400
FTSE 100 has advanced for the fourth consecutive session today to trade well above 6291 (May 31 high). Consequently, the index now looks set to test inverse head and shoulder neckline seen on the weekly chart around 6400 levels.
The rise or the resilience in FTSE indirectly tells us Brexit is not really a issue. Moreover, equities are usually the most sensitive assets to political events. However, the Brexit saga has hardly had any impact on the FTSE.
The rise or the resilience in FTSE indirectly tells us Brexit is not really a issue. Moreover, equities are usually the most sensitive assets to political events. However, the Brexit saga has hardly had any impact on the FTSE.
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