UK trading activity is picking up slowly to the last year’s levels. Despite high border rejection rates, activity slowly returning to normal but border friction probably continues for months. The rate of freight companies declined to take shipments rose to %69 higher than last year’s Q3 average.
FTSE 100 index is still holding below 7000 and moving in a tight range since our earlier post. The price may continue within the green trend channel for some time and gives trading opportunities. For more bulls to come to markets, the 7000 resistance zone must be broken.
Below 6490 support, FTSE 100 may become dangerous for long-side traders.