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Friday, 27 April 2018

ETFS 3x Daily Long FTSE 100 (LSE) and the UK FTSE 100 Index: 27 April 2018, Friday, 12.09pm Singapore Time

ETFS 3x Daily Long FTSE 100 (LSE) and the UK FTSE 100 Index: 
27 April 2018, Friday, 12.09pm Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the Technicals for ETFS 3x Daily Long FTSE 100 (LSE) where a move in UK FTSE100 Index will result in a 3x move in the ETF which is pegged to the FTSE100. The VTX is strong and the Chande Trend Meter (CTM) confirms a new uptrend. The UK FTSE 100 is also making the highest volume price zone the newfound highest volume support zone now. Once this is done successfully, stock markets all over the world will take the London cue to rally. An index rally means most index stocks will rally, especially the strong ones displaying the characteristics of short term uptrend, mid term uptrend and long term uptrend. While Singapore has traditionally been the most important litmus for Asia, UK has traditionally been the most important litmus for Europe. Watch closely for FTSE 100 in London.


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