Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

FTSE 100 Daily Analysis - April 30, 2020

Published 04/30/2020, 03:48 AM
Updated 07/09/2023, 06:31 AM
UK100
-

FTSE higher as expected reaching all targets as far as 6050/60 but has continued higher to 6126.

FTSE holding above first support at 6100/6090 is positive for today targeting 6165/6180. We are severely overbought in short term so watch for a high for the day. A break above 6200 however targets 6225, perhaps as far as 6275/85.

Longs at 6100/6090 need stops below 6060. Further losses could target 6000/5990.

Trends

  • Weekly outlook is negative
  • Daily outlook is neutral
  • Short Term outlook is positive

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.