Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 weakened 0.89% yesterday to close at 7436.42. During the week, the index traded at a high of 7533.70 and a low of 7369.23.

The FTSE 100 weekly support level is 7359.20, and a fall through could take it to the next support level of 7281.98. The index weekly resistance level is 7523.67, and a rise through could take it to the next resistance level of 7610.92.

DJIA

The DJIA advanced 0.27% yesterday and closed at 20663.02. During the week, the index traded at a high of 21033.53 and a low of 20553.45.

The DJIA weekly support level is 20466.47, and a fall through could take it to the next support level of 20269.92. The index weekly resistance level is 20946.55, and a rise through could take it to the next resistance level of 21230.08.

DAX 30

The DAX 30 fell 0.33% yesterday and closed at 12590.06. During the week, the index traded at a high of 12841.66 and a low of 12489.95.

The DAX 30 weekly support level is 12439.45, and a fall through could take it to the next support level of 12288.85. The index weekly resistance level is 12791.16, and a rise through could take it to the next resistance level of 12992.27.

S&P 500

The S&P 500 strengthened 0.37% yesterday and closed at 2365.72. During the week, the index traded at a high of 2405.77 and a low of 2352.72.

The S&P 500 weekly support level is 2343.70, and a fall through could take it to the next support level of 2321.69. The index weekly resistance level is 2396.75, and a rise through could take it to the next resistance level of 2427.79.

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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.