Technical Analysis – UK 100 index retests mid-Bollinger band; holds in ascending channel
The UK 100 index (Cash) looks to be mostly neutral in the very short-term after an ascent from the March 30 low of 5,294. The short-term oscillators reflect a stall in the positive momentum. The MACD is flattening in the positive area, while the stochastics, which are currently dropping lower are suggesting an overbought market. […]