Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 weakened 0.46% yesterday to close at 7114.36. During the week, the index traded at a high of 7402.42 and a low of 7114.36.

The FTSE 100 weekly support level is 7018.34, and a fall through could take it to the next support level of 6922.32. The index weekly resistance level is 7306.40, and a rise through could take it to the next resistance level of 7498.44.

DJIA

The DJIA declined 0.58% yesterday and closed at 20404.49. During the week, the index traded at a high of 20644.41 and a low of 20379.55.

The DJIA weekly support level is 20307.89, and a fall through could take it to the next support level of 20211.29. The index weekly resistance level is 20572.75, and a rise through could take it to the next resistance level of 20741.01.

DAX 30

The DAX 30 rose 0.13% yesterday and closed at 12016.45. 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 11927.87, and a fall through could take it to the next support level of 11839.30. The index weekly resistance level is 12173.89, and a rise through could take it to the next resistance level of 12331.34.

S&P 500

The S&P 500 weakened 0.17% yesterday and closed at 2338.17. During the week, the index traded at a high of 2352.72 and a low of 2328.95.

The S&P 500 weekly support level is 2327.17, and a fall through could take it to the next support level of 2316.18. The index weekly resistance level is 2350.94, and a rise through could take it to the next resistance level of 2363.72.

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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.