Technical Analysis – UK100 index enters Ichimoku cloud; neutral bias intact

UK100 paused its recent downtrend at a six-week low of 7349.80 on November 20 and has been trading flat around that level since then, painting a neutral picture in the short-term. In the medium-term, the index is also in a consolidation phase. The index is currently located inside the Ichimoku cloud, retracing the 50% Fibonacci […]