UK100 stocks end recovery

Source: Dukascopy Bank SA


The recovery of the United Kingdom top 100 stocks continued into August. However, it ended on August 18 when the index bounced off the 7,550.00/7,580.00 zone. Afterwards, short term support was found in the 200-day simple moving average, before the rate passed below it. On August 29, the index was finding support in the 50-day SMA near 7,360.00.

An extension of the ongoing decline might be slowed down by the 7,300.00, 7,200.00 and 7,100.00 levels, before the June and July low level zone at 6,970.00/7,015.00 is reached. Further below, take into account the 2022 low level below 6,800.00.

In the meantime, a recovery of the stock index would first face resistance in the combination of the 7,400.00 level and the 200-day simple moving average. Higher above, the 7,550.00/7,580.00 zone is expected to once again act as resistance. Above these levels, the 2022 high level zone at 7,695.00/7,725.00 could stop a surge.
Back to articles

Actual Topics

Mon, 29 Aug 2022 13:28:01 GMT

Natural Gas reaches 10.00 mark

The price for Natural Gas recently reached above the previous 2022 high level zone above 9.50 and reached the 10.00 mark, which has acted as resistance. Meanwhile, it has been spotted that the commodity price has been surging in a channel up pattern. A potential decline of the commodity price is expected to look for support in the 9.00 mark

Thu, 25 Aug 2022 12:04:47 GMT

Light Crude oil trades between two zones

The price for crude oil continued to decline in August until it reached the 84.90/85.90 zone. The zone represents the 2021 high levels. The support zone was enough to cause a surge to the 93.20/95.75 zone, which appeared to be acting as resistance. In addition, the zone was being approached by the 50-day simple moving average. A move above the

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.