Monday, July 30, 2018

FTSE100 - 31 July 2018


Fundamental Highlights

Stocks in London are set to open flat on Tuesday with investors' focus on earnings releases from significant listings such as Centrica and British Petroleum. Some UK banks are also reporting this week. The UK economic calendar remains fairly sparse until Thursday's BoE rate decision.

Technical Analysis

The UK Index is still trading in a narrow range following the bearish move down from the resistance level at 7710. More consolidation is expected today as traders await any fundamental news that might determine future price action. The RSI looks mixed as well signaling more range trading in the short-term.

Support: 7625 7575
Resistance: 7705 7777

Chart (H1)