TipTVFinance

FTSE100 – Rebounds from confluence of trendline & 50-DMA support

OANDA:UK100GBP   UK 100
The index has rebounded from the confluence of rising trend line and 50-DMA levels seen at 6800.

The rebound happened due to two reasons –

• Upward revision of the second quarter UK GDP &

• Deutsche Bank news – US Department of Justice (DOJ) has downsized its penalty from $14 billion to $5.4 billion

The quarter end/month end/week end close if happens above falling trend line would keep hopes of a subsequent rise to 7K, although there is stiff resistance in the range of 6900-6950 levels.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out