Annual Forecast for FTSE 100 (2019)

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FTSE 100 stock (FTSE:UKX) has been going bullish since a few months ago, and the short-term bullishness is conspicuous enough to result in a valid “buy” signal.

Price is now above the upper Trendline, and the RSI period 14 is above the level 50. As long as the RSI is above the level 50 and price is above the upper Trendline, the trend will remain bullish. The period of consolidation in the market is over.

FTSE 100 is supposed to continue going upwards for most part of this year, reaching the supply levels at 7400.00, 7600.00, 7800.00 and ultimately, 8000.00.

 

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