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7400 trying to break | 7426 7447 resistance | 7380 7360 7330 support

#1 · 8th November 2023, 10:10 am

Technical analysis for FTSE 100 for 8th November 2023

The FTSE 100 closed down 0.1pc at 7410.04 as a result of energy and mining investors mulling over disappointing trade data from China, which suggests there will be weaker than predicted demand. The FTSE 250 index went up 0.1pc with Watches of Switzerland putting in a stellar 13.1pc increase, thanks to the company’s bullish predictions of its future growth.

Stocks in Asia ticked lower on Wednesday as investors waited to hear more from Federal Reserve officials who are due to speak this week, including Chair Jerome Powell.