sreebhashyam

UK100 - EXCESSIVE POUNDS

Short
CURRENCYCOM:UK100   FTSE 100 Index
UK100, like many other equity spaces rose. However it lags the US counter part in its upmove. If one observes on 25 Feb SPX was around 4300 which is now at 4500 while UK100 has not made that kind of a progress. Markets move for a reason. This under performance can continue or alternatively if SPX corrects some of the recent gains as it is closer to the supply zone, UK100 can give up more than meets the eye. Short here and 7520 stops 7565 for 7420-30.

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