Signal UK100 Sell — H1 - June 8, 2026 18:32 GMT-4
On the UK100 H1 chart the FTSE 100 index has been carving a descending channel since the early‑June rally to 10423. After the peak, the market formed lower highs at 10408, 10415 and 10395, while each swing low fell beneath the previous trough, the latest being around 10339. Volume during the advance was robust (3‑4 k contracts), but the subsequent pull‑back saw a gradual decline in participation, with recent bars trading around 2‑2.5 k. The weakening volume on the down moves suggests diminishing buying pressure and supports a bearish bias. Technical indicators now point to a break of the short‑term…