London stocks falls after volatility in sovereign debt markets and ongoing fears about Greece sent shares 1.4% lower. Government bonds elsewhere, however, were sold off with borrowing costs rising sharply in Germany, the UK, France, Italy and Spain. Greek 10-year bond yields, meanwhile, rose 13 basis points to 10.69% amid reports that the International Monetary Fund does not want to participate in a third bailout for the country.
The FTSE 100 ended the day in red and down by 1.37% at 6933.80, by the end of the session, though the index did finish firmly above its intraday low of 6,887.52 reached early on. If during the day market breaches the support level of 6880 downside after consolidation, then it can test the level of 6820 on the downside and on the upside it has a support level of 6920.
My Stock prediction
ANGLO AMERICAN PLC
RECOMMENDATION SELL
TARGET 1035
The Major trend of ANGLO AMERICAN PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1093 then it can show downside movement for the target of 1035 with the stop loss of 1129.
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 52.87 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.
The FTSE 100 ended the day in red and down by 1.37% at 6933.80, by the end of the session, though the index did finish firmly above its intraday low of 6,887.52 reached early on. If during the day market breaches the support level of 6880 downside after consolidation, then it can test the level of 6820 on the downside and on the upside it has a support level of 6920.
My Stock prediction
ANGLO AMERICAN PLC
RECOMMENDATION SELL
TARGET 1035
The Major trend of ANGLO AMERICAN PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1093 then it can show downside movement for the target of 1035 with the stop loss of 1129.
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 52.87 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.