Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 fell 0.85% during the week to close at 7463.54. 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 7379.23, and a fall through could take it to the next support level of 7294.91. The index weekly resistance level is 7546.49, and a rise through could take it to the next resistance level of 7629.43.

DJIA

The DJIA strengthened 0.53% during the week and closed at 21384.28. During the week, the index traded at a high of 21391.97 and a low of 21159.45.

The DJIA weekly support level is 21231.83, and a fall through could take it to the next support level of 21079.38. The index weekly resistance level is 21464.35, and a rise through could take it to the next resistance level of 21544.42.

DAX 30

The DAX 30 weakened 0.49% during the week to close at 12752.73. 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 12608.70, and a fall through could take it to the next support level of 12464.66. The index weekly resistance level is 12908.97, and a rise through could take it to the next resistance level of 13065.20.

S&P 500

The S&P 500 strengthened 0.06% during the week to close at 2433.15. 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 2417.17, and a fall through could take it to the next support level of 2401.18. The index weekly resistance level is 2447.67, and a rise through could take it to the next resistance level of 2462.18.

 

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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.