Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 weakened 0.62% yesterday to close at 7478.62. During the week, the index traded at a high of 7598.99 and a low of 7476.33.

The FTSE 100 weekly support level is 7436.97, and a fall through could take it to the next support level of 7395.32. The index weekly resistance level is 7559.63, and a rise through could take it to the next resistance level of 7640.64.

DJIA

The DJIA advanced 0.18% yesterday and closed at 21173.69. During the week, the index traded at a high of 21225.04 and a low of 20942.57.

The DJIA weekly support level is 21002.49, and a fall through could take it to the next support level of 20831.30. The index weekly resistance level is 21284.96, and a rise through could take it to the next resistance level of 21396.24.

DAX 30

The DAX 30 fell 0.14% yesterday and closed at 12672.49. During the week, the index traded at a high of 12878.59 and a low of 12582.80.

The DAX 30 weekly support level is 12544.00, and a fall through could take it to the next support level of 12415.50. The index weekly resistance level is 12839.79, and a rise through could take it to the next resistance level of 13007.08.

S&P 500

The S&P 500 strengthened 0.16% yesterday and closed at 2433.14. During the week, the index traded at a high of 2440.23 and a low of 2403.59.

The S&P 500 weekly support level is 2411.08, and a fall through could take it to the next support level of 2389.01. The index weekly resistance level is 2447.72, and a rise through could take it to the next resistance level of 2462.29.

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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.