{"id":25428,"date":"2022-04-11T07:26:00","date_gmt":"2022-04-11T06:26:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=25428"},"modified":"2022-04-11T11:34:56","modified_gmt":"2022-04-11T10:34:56","slug":"uk100-technical-analysis-7700-up-next","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/uk100-technical-analysis-7700-up-next\/","title":{"rendered":"UK100 Technical Analysis &#8211; 7,700 Up Next"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"25428\" class=\"elementor elementor-25428\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7aa419d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7aa419d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53342ce\" data-id=\"53342ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b23b40 elementor-widget elementor-widget-text-editor\" data-id=\"2b23b40\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\" rel=\"noopener\">FTSE 100<\/a> psychological moved above the 7,600-resistance level last week as the leading UK index hit another new weekly high, marking its highest level in 6-weeks, and especially since the Ukraine crisis.<\/p><p>In terms of future upside targets, buyers are likely to target the current yearly high, around the 7,700 level this year, which is a huge upside barrier prior to the 8,000-resistance level.<\/p><p>The UK100 is leading in terms of performance amongst the major averages since the start of Russia\u2019s invasion into the Ukraine, with the index on course for a massive 1,000-point recovery.<\/p><p>Still, very worryingly for traders looking for a correction, is sentiment. Traders are starting to turn bearish towards the UK100 at exactly the time it is looking its most bullish, and it fails to correct lower.<\/p><p>Sentiment towards the UK100 is very clear right now. According to the ActivTrader platform over 57 percent of traders are bearish towards the UK100. This is a drop since last week, but still worrying.<\/p><p>Typically, the retail crowd is on the wrong side of the trade more often than not, so the UK100 could continue to rise this week and month. Investors continue to ignore the conflict in the Ukraine, bur retail remain cautious.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d8f338a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d8f338a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-33e2e51\" data-id=\"33e2e51\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af26448 elementor-widget elementor-widget-image\" data-id=\"af26448\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"456\" height=\"168\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/uk100-chart-2.jpg\" class=\"attachment-large size-large wp-image-25432\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45f11d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45f11d2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b817b7\" data-id=\"4b817b7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0274ac1 elementor-widget elementor-widget-text-editor\" data-id=\"0274ac1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>UK100 Short-Term Technical Analysis<\/strong><\/p><p>The four-hour time frame shows that the UK100 index has advanced back above the neckline of a large, inverted head and shoulders pattern, around the 7,600 level. The pattern is very good to define the short-term path ahead.<\/p><p>According to the overall size of the pattern, we can see buying ahead until me move towards the pattern objective, which is basically 7,750 resistance level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e24eb9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e24eb9d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6268e5a\" data-id=\"6268e5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cf73569 elementor-widget elementor-widget-image\" data-id=\"cf73569\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"520\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/uk100-4h-2.jpg\" class=\"attachment-large size-large wp-image-25433\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-215f81c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"215f81c9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6975dcfd\" data-id=\"6975dcfd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-425ad358 elementor-widget elementor-widget-text-editor\" data-id=\"425ad358\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-38c23a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"38c23a7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b2e297f\" data-id=\"b2e297f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f009a2f elementor-widget elementor-widget-text-editor\" data-id=\"f009a2f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>UK100 Medium-Term Technical Analysis<\/strong><\/p><p>The daily time frame shows that a large, inverted head and shoulders pattern looks to have formed. The pattern will be confirmed if we see the FTSE100 moving back towards the best levels of the year so far.<\/p><p>This looks increasingly likely as it surges towards the 7,650, with the 7,700 area with touching distance. I expect that the FTSE100 could even reach 7,750 or 7,800.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f27175c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f27175c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d71288\" data-id=\"9d71288\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc02f1a elementor-widget elementor-widget-image\" data-id=\"bc02f1a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"516\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/UK100-1D-2.jpg\" class=\"attachment-large size-large wp-image-25434\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ef1b77 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ef1b77\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78d8201e\" data-id=\"78d8201e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ff3a55 elementor-widget elementor-widget-text-editor\" data-id=\"4ff3a55\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The FTSE 100 psychological moved above the 7,600-resistance level last week as the leading UK index hit another new weekly high, marking its highest level in 6-weeks, and especially since the Ukraine crisis. In terms of future upside targets, buyers are likely to target the current yearly high, around the 7,700 level this year, which [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":25430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[57],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK100 Technical Analysis - 7,700 Up Next - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/uk100-technical-analysis-7700-up-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK100 Technical Analysis - 7,700 Up Next UK100 Technical Analysis - 7,700 Up Next\" \/>\n<meta property=\"og:description\" content=\"The FTSE 100 psychological moved above the 7,600-resistance level last week as the leading UK index hit another new weekly high, marking its highest level in 6-weeks, and especially since the Ukraine crisis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/uk100-technical-analysis-7700-up-next\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-11T06:26:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-11T10:34:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-1388654370.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"519\" \/>\n\t<meta property=\"og:image:height\" content=\"305\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"UK100 Technical Analysis - 7,700 Up Next UK100 Technical Analysis - 7,700 Up Next\" \/>\n<meta name=\"twitter:description\" content=\"The FTSE 100 psychological moved above the 7,600-resistance level last week as the leading UK index hit another new weekly high, marking its highest level in 6-weeks, and especially since the Ukraine crisis.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/uk100-technical-analysis-7700-up-next\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/uk100-technical-analysis-7700-up-next\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"UK100 Technical Analysis &#8211; 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