Monday, 1 September 2014

UK stock market overview

UK stock market overview
The biggest London-listed stocks ended the week on an upbeat note after 
data-heavy session around for the UK, the Eurozone and the US.
The FTSE 100 closed 13.95 points at 6,819.75. Data out in the UK 
showed that while British consumer confidence rose this month, 
rises are starting to flatten out and people are uncertain about their prospects.
The FTSE rose during the course of the previous week, but  coming upon the 
6900 resistance barrier.
With that,  don not get long of this market right now,  either a pullback is 
coming, or simply stall at the 6900 level Crossing of 6900 level can show the 
level of 7000 with RSI is sustain above 60 level with trading above 50 DMA & 
200 DMA .