Thursday, 4 September 2014

UK stock market Today's overview

UK stock market Today's overview

London's FTSE 100 finished higher off its best levels of the day, bolstered by upbeat services data from China and the UK and on hopes for a potential ceasefire between Ukraine and Russia.

The blue-chip index rose for the fourth straight session, at one point reaching an intraday high of 6,898.62, a level not seen since early January 2000.

The FTSE 100 opened  gap up  and sustain at higher 
with positive bias  which indicating the strength on 
current trend.

FTSE100 faced resistance at 6900 level which is 
being quite strong in near term if it manages to 
cross the level of 6900 it can test the level 7000 
with support of 6800. 

Index Is managing to trade above 50DMA & 200 
 DMA & RSI is trading above 65 level it can test the 
level 70 once. 
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