Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 weakened 0.74% yesterday to close at 7419.36. During the week, the index traded at a high of 7545.12 and a low of 7377.86.

The FTSE 100 weekly support level is 7349.77, and a fall through could take it to the next support level of 7280.19. The index weekly resistance level is 7517.03, and a rise through could take it to the next resistance level of 7614.71.

DJIA

The DJIA declined 0.07% yesterday and closed at 21359.90. During the week, the index traded at a high of 21391.97 and a low of 21138.16.

The DJIA weekly support level is 21201.38, and a fall through could take it to the next support level of 21042.87. The index weekly resistance level is 21455.19, and a rise through could take it to the next resistance level of 21550.49.

DAX 30

The DAX 30 fell 0.89% yesterday and closed at 12691.81. During the week, the index traded at a high of 12921.17 and a low of 12620.90.

The DAX 30 weekly support level is 12568.08, and a fall through could take it to the next support level of 12444.36. The index weekly resistance level is 12868.35, and a rise through could take it to the next resistance level of 13044.90.

S&P 500

The S&P 500 weakened 0.22% yesterday and closed at 2432.46. During the week, the index traded at a high of 2446.20 and a low of 2415.70.

The S&P 500 weekly support level is 2416.71, and a fall through could take it to the next support level of 2400.95. The index weekly resistance level is 2447.21, and a rise through could take it to the next resistance level of 2461.95.

 

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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.