FTSE 100 Trading Between Zones

FTSE 100 Trading Between Zones

FTSE 100 Trading between zones, we are still in our trade at a profit.

Amid fears of the UK potentially heading for a no deal Brexit, this in turn will weaken the Pound and currently does so, however the FTSE 100 does benefit from a weaker currency.

Other economic news has seen the recent sanctions by the US government on Russia which has led to the commodities selloff,  the FTSE 100 contains a number of mining and oil stocks, a lot of these can be effected by Commodities in Russia.

With note of the economics, for a while the FTSE 100 trading has mostly been contained to between the two zones, an area of support holding buyers at around the 7600.00 price, while the area around the 7800.00 has been keeping the FTSE 100 in check and acting as resistance stopping further upward movement.

The large amount of sellers at around the 7800.00 will need to be weakened if the FTSE 100 is going to reach the 8000.00 price mark.

FTSE 100 Trading

(Our trading and image was done using an account with UK based broker IG)

*Please Note, Forex and other forms of trading carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 


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