UK100 approaching resistance, potential drop!

UK100 is approaching our first resistance at 6915 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6685 (50% fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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Chart PatternsHarmonic PatternsTrend AnalysisUK100 CFDUK 100uk100longuk100_setupuk100short

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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