UK100 to extend its losses?UK100GB - Intraday
Posted a Double Bottom formation.
A break of the recent low at 7328 should result in a further move lower.
Short term bias is bearish.
Trading within a Corrective Channel formation.
The lack of interest is a concern for bulls.
The bias is to break to the downside.
We look to Sell a break of 7319 (stop at 7369)
Our profit targets will be 7204 and 7184
Resistance: 7375 / 7400 / 7430
Support: 7322 / 7300 / 7260
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