FTSE 100 Intraday Rejection at 100 Day MA

FTSE 100 trading almost unchanged at 7,339 hovering at monthly highs, as no-deal Brexit worries eased while President Trump announced a 2-week delay in tariff hikes in $250 billion in Chinese imports.

On the technical side FTSE 100 tested today the 100 and 200-day moving average at 7,355 but rejected and as of writing the index hit daily lows at 7,336. The index facing the resistance at 7,369 daily high and then at 7,404 the high from August 5th, a close above could open the way for a move up to 7,700 high from end of July. On the downside immediate support stands at 7,333 today’s low, while a break below will open the way for a test of 7,207 the 50-day moving average.

European indices trading mixed, the DAX 30 adds 0.06% to 12,367 while the CAC 40 in Paris trading  0.10% lower at 5,612, In Milan the FTSE MIB is 0.16% higgher at 21,924.

In Wall Street, the Dow Jones futures trading 0.21% higher at 27,202, the S&P 500 futures are 0.16% higher at 3,006 while the Nasdaq futures are 0.34% higher at 7,916 signaling a positive start for equities in the other side of the Atlantic.Don’t miss a beat! Follow us on Telegram and Twitter.