Far weaker than expected data on the US housing markets proved to be the proverbial straw that broke the camel's back on Friday, setting off another round of selling in stocks and commodities ahead of next week's US Federal Reserve policy meeting
The FTSE 100 ended the day in red by 75.20 points at 6579.81 But if during the day market breaches the support level of 6550 on the downside after consolidation, then it can test the level of 6500 and the immediate resistance level is 6600
RELX PLC GROUP
The Major trend of RELX PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1096 then it can test support level for the target of 1085 with the stop loss of 1106
Stock is trading in a range and trading near the trendline. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negetive bias.
RSI is trading near to 38.22 level with negetive bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.