Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: FTSE100 trades well below 200- day MA on global sell-off, good to sell on rallies

FTSE100 is trading lower following footsteps of Wall Street. US 10 year yield trading lower and below 3-month yield for the first time since 2007. This poses risk of recession and global markets crashed more than 2%. The index declined more than 2.5% from high of 7371 made on Mar 21st 2019. it hits low of 7175 and is currently trading around 7185.

 

On the lower side, any break below 7177 (23.6% fib) will drag the index down till 7140/7124. Any violation below 7075 will drag the FTSE100 till 7042/7000.

 

The near term resistance is around 7211 (300- day EMA) and any break below will take the FTSE100 till 7237-40 (200- day MA)/7262/7300. Any bullish continuation only above 7371.

 

It is good to sell on rallies around 7220-25 with SL around 7262 for the TP of 7125/7080.

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 25 14:30 UTC Released

USTexas Serv Sect Outlook

Actual

3.2 bln

Forecast

Previous

-0.3 bln

June 25 14:30 UTC Released

USDallas Fed Services Revenues

Actual

13.6 %

Forecast

Previous

2.7 %

January 31 00:00 UTC 735835735835m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 735835735835m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 747655747655m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 735835735835m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 747655747655m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 735835735835m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 735835735835m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 735835735835m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.