UK100 rose sharply on Wednesday tracking bullish sentiment in Asia, ahead of highly anticipated Fed’s interest rate decision and positive signs regarding negotiations between Ukraine and Russia. President Zelensky said Russia’s demands were becoming more realistic a day after the Prime Ministers of Poland, Czech Republic and Slovenia visited Zelensky in Kiev. Meanwhile, the Bank of England is set to raise interest rates by 25 bps when it meets on Thursday. Currently the index is testing major resistance at 7260 pts, which is marked with earlier broken lower limit of the wedge formation, previous price reactions and lower limit of the 1:1 structure.
UK100, D1 interval. Source: xStation5
