Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 weakened 0.59% yesterday to close at 7293.50. During the week, the index traded at a high of 7440.85 and a low of 7255.78.

The FTSE 100 weekly support level is 7219.24, and a fall through could take it to the next support level of 7144.97. The index weekly resistance level is 7404.31, and a rise through could take it to the next resistance level of 7515.11.

DJIA

The DJIA declined 0.22% yesterday and closed at 20550.98. During the week, the index traded at a high of 20970.04 and a low of 20412.80.

The DJIA weekly support level is 20319.17, and a fall through could take it to the next support level of 20087.37. The index weekly resistance level is 20876.41, and a rise through could take it to the next resistance level of 21201.85.

DAX 30

The DAX 30 fell 0.57% yesterday and closed at 11996.07. During the week, the index traded at a high of 12111.24 and a low of 11850.27.

The DAX 30 weekly support level is 11860.48, and a fall through could take it to the next support level of 11724.89. The index weekly resistance level is 12121.45, and a rise through could take it to the next resistance level of 12246.83.

S&P 500

The S&P 500 weakened 0.10% yesterday and closed at 2341.59. During the week, the index traded at a high of 2381.93 and a low of 2322.25.

The S&P 500 weekly support level is 2315.25, and a fall through could take it to the next support level of 2288.91. The index weekly resistance level is 2374.93, and a rise through could take it to the next resistance level of 2408.27.

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The CityTA

The CityTA was started with a desire to help new traders succeed in markets dominated by high frequency traders and other market dangers. Our instructors' objective is to bring this diverse knowledge to you. Our training programs are designed to accommodate easy learning for people who have never experienced financial markets. Financial markets have become more complex over the past 10 years. A grasp of market mechanics is important if a trader is to survive. Our focus for our students is to ensure that we give them the correct foundation, so they can develop their own strategy and build on the knowledge they gain to go on to be top performing traders.