Technical alert: UK100

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UK100 has been trading in a sideways move recently. As long as the price stays between 6,290 and 5,960, continued range trading looks to be the base case scenario. Breakout from the range could signal a bigger move. Taking a closer look at the H4 interval, one can see that the price bounded off the local swing level at 6,156 pts, which should act as a key intraday support now.

UK100 H4 interval. Source: xStation5

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