FTSE 100 Rebounds from 4 – Month Lows
FTSE 100 started the session higher after indexes began trading at about 9:40 a.m. London time amid the longest outage in 8 years as investor’s worries on US – China trade tensions ease.
On the technical side FTSE 100 rebounds from four month lows as the short term outlook has turned bearish, on the downside immediate support stands at 7,067 today’s low, while a break below will open the way for a test of 7,000 round figure. Long positions will face resistance at 7,385 the 100 day moving average while more offers will emerge at 7,439 the 50 day moving average.
European indices also trading higher recovering some of yesterday’s losses, with DAX 30 adding 1.01% to 11,528 while the CAC 40 in Paris trading 1.05% higher at 5,291.
In Wall Street, the Dow Jones futures trading 0.99% higher at 25,830, the S&P 500 futures are 1.04% higher at 2,878 while the Nasdaq futures are 1.34% higher at 7,597 signaling a positive start for equities in the other side of the Atlantic.