Tuesday, July 24, 2018

FTSE100 - 24 July 2018

  • FTSE 100

Fundamental Highlights

Stock prices in London on Tuesday are set to rebound from Monday's soft start to the week following market gains in the US and Asia overnight. The Eurozone PMIs will be in focus ahead of the European Central Bank's latest monetary policy decision this week.

Technical analysis

The FTSE100 is still trading in a range with supports at 7625 and 7575. The short term is bearish however from a technical perspective, with the RSI showing downside momentum.

Support: 7625 7575
Resistance: 7705 7777

Chart (H1)