Technical Analysis – UK 100 index hovers near four-year low; may resume positive momentum
The UK 100 stock index (cash) bounced above the four-year low of 5,698 on Tuesday to lose some ground again on Wednesday despite the Bank of England reducing interest rates by 0.50 bps at an emergency meeting. With the RSI bottoming twice near its recent lows and jumping above the 30 oversold mark and the […]