The FTSE closed just marginally above its opening level on Wednesday as investors responded to a drop in German consumer confidence, almost flat trading in the US and expectations for the next day's session, which is due to be significantly move data-heavy.
Index has managing to give closing above 6800 level and indicating it in near upside movement is expected once it manage to cross the level 6900 it can test the level 7000 as it's sustain above above 50 DMA & 200 DMA with positive bias, It has managing to give closing above zero level line with MACD & Signal line sustain above that which is indicating further upside movement.
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Coming off a sharp dip seen late afternoon, the FTSE
ultimately closed 7.9 points higher at 6,830.66.
Index has managing to give closing above 6800 level and indicating it in near upside movement is expected once it manage to cross the level 6900 it can test the level 7000 as it's sustain above above 50 DMA & 200 DMA with positive bias, It has managing to give closing above zero level line with MACD & Signal line sustain above that which is indicating further upside movement.
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