Major Indices Update

Major Indices Update

FTSE100

The FTSE 100 weakened 0.05% yesterday to close at 7413.44. During the week, the index traded at a high of 7439.08 and a low of 7303.46.

The FTSE 100 weekly support level is 7331.57, and a fall through could take it to the next support level of 7249.71. The index weekly resistance level is 7467.19, and a rise through could take it to the next resistance level of 7520.95.

DJIA

The DJIA advanced 0.10% yesterday and closed at 21553.09. During the week, the index traded at a high of 21580.79 and a low of 21279.30.

The DJIA weekly support level is 21361.33, and a fall through could take it to the next support level of 21169.57. The index weekly resistance level is 21662.82, and a rise through could take it to the next resistance level of 21772.55.

DAX 30

The DAX 30 rose 0.12% yesterday and closed at 12641.33. During the week, the index traded at a high of 12676.52 and a low of 12316.43.

The DAX 30 weekly support level is 12413.00, and a fall through could take it to the next support level of 12184.67. The index weekly resistance level is 12773.09, and a rise through could take it to the next resistance level of 12904.85.

S&P 500

The S&P 500 strengthened 0.19% yesterday and closed at 2447.83. During the week, the index traded at a high of 2449.32 and a low of 2407.70.

The S&P 500 weekly support level is 2420.58, and a fall through could take it to the next support level of 2393.33. The index weekly resistance level is 2462.20, and a rise through could take it to the next resistance level of 2476.57.

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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.