​​While FTSE 100 remains range bound, DAX 40 and S&P 500 see days of losses

Category: Finance

The FTSE 100 is currently range trading, facing resistance at the 55-day SMA of 8,263 and solid support between 8,138 and 8,106. To reach the late June peak of 8,314, the index must surpass the July highs of 8,270 to 8,287. A drop below 8,106 could lead to revisiting the early-April to early-May lows of 8,095 to 8,017.

Keywords: FTSE 100, stock market, technical analysis

Source: IG

Update At: 7/22/2024

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