Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 strengthened 0.91% yesterday to close at 7522.03. During the week, the index traded at a high of 7533.70 and a low of 7300.86.

The FTSE 100 weekly support level is 7370.69, and a fall through could take it to the next support level of 7219.36. The index weekly resistance level is 7603.53, and a rise through could take it to the next resistance level of 7685.04.

DJIA

The DJIA marginally declined yesterday and closed at 20979.75. During the week, the index traded at a high of 21046.85 and a low of 20798.90.

The DJIA weekly support level is 20836.82, and a fall through could take it to the next support level of 20693.88. The index weekly resistance level is 21084.77, and a rise through could take it to the next resistance level of 21189.78.

DAX 30

The DAX 30 marginally fell yesterday and closed at 12804.53. During the week, the index traded at a high of 12841.66 and a low of 12662.49.

The DAX 30 weekly support level is 12697.46, and a fall through could take it to the next support level of 12590.39. The index weekly resistance level is 12876.63, and a rise through could take it to the next resistance level of 12948.73.

S&P 500

The S&P 500 weakened 0.07% yesterday and closed at 2400.67. During the week, the index traded at a high of 2405.77 and a low of 2381.74.

The S&P 500 weekly support level is 2386.35, and a fall through could take it to the next support level of 2372.03. The index weekly resistance level is 2410.38, and a rise through could take it to the next resistance level of 2420.09.

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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.