Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 weakened 2.46% yesterday to close at 7147.50. During the week, the index traded at a high of 7406.35 and a low of 7147.50.

The FTSE 100 weekly support level is 7061.22, and a fall through could take it to the next support level of 6974.93. The index weekly resistance level is 7320.07, and a rise through could take it to the next resistance level of 7492.63.

DJIA

The DJIA declined 0.55% yesterday and closed at 20523.28. During the week, the index traded at a high of 20660.03 and a low of 20453.25.

The DJIA weekly support level is 20431.01, and a fall through could take it to the next support level of 20338.74. The index weekly resistance level is 20637.79, and a rise through could take it to the next resistance level of 20752.30.

DAX 30

The DAX 30 fell 0.90% yesterday and closed at 12000.44. During the week, the index traded at a high of 12242.76 and a low of 11996.74.

The DAX 30 weekly support level is 11917.20, and a fall through could take it to the next support level of 11833.96. The index weekly resistance level is 12163.22, and a rise through could take it to the next resistance level of 12326.00.

S&P 500

The S&P 500 weakened 0.29% yesterday and closed at 2342.19. During the week, the index traded at a high of 2355.22 and a low of 2328.95.

The S&P 500 weekly support level is 2329.02, and a fall through could take it to the next support level of 2315.85. The index weekly resistance level is 2355.29, and a rise through could take it to the next resistance level of 2368.39.

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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.