Thursday, July 26, 2018

FTSE100 - 26 July 2018


Fundamental Highlights

Stock prices in London are set to edge higher on Thursday, with focus on the latest monetary policy decision from the European Central Bank, and a jam-packed day for company earnings. Moreover, sentiment improved overnight after the US and the EU agreed on Wednesday to ease trade tensions while continuing to negotiate the details of a far-reaching agreement that would slash tariffs and other barriers to trade.

Technical Analysis

The FTSE100 is still trading within the same trading range for the past 3 weeks, with occasional attempts to break either up or down depending on investor sentiment and fundamental news. The RSI is still mixed to bearish therefore don't expect any surprise moves for the next couple of days.

Support: 7625 7575
Resistance: 7705 7777

Chart (H1)

ftse100 26/7/2018