UKX shows a red flag

U.K. stocks — which have long underperformed global markets — are making a run at record highs amid a rally in oil and declines in the pound. But technical indicators are now raising a warning flag, according to Bloomberg Intelligence. The Relative Strength Index has risen to overbought territory, surpassing levels seen when the FTSE 100 reached an all-time high in January.

Source: Bloomberg Pro Terminal

 Trader Nikolay Georgiev

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