London - FTSE (FTSE.NDX) - Close: 6 954.21 (+22.66), Dec 9, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate -Medium term, Dec 9, 2016Analysis Explanation
London - FTSE shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Has risen strongly since the positive signal from a double bottom formation at the break through the resistance at 6841. The objective at 6951 is now met, but the formation still gives a signal in the same direction. The index has support at points 6680 and resistance at points 7100. The index is overall assessed as technically positive for the medium long term.

1 day-0.85%0.00+0.33%
5 days0.002.81%0.00+3.32%
22 days0.006.78%0.00+0.61%
66 days0.0012.50%0.00+1.39%
Trend 22%6559.82 - 7419.82
Short Term Trading Range2016-12-07
Double Bottom Pattern2016-12-07
Moving average2016-12-02
Long Term Trading Range2016-06-23
Double Bottom Pattern2015-10-05


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