Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionNew month money with 7516 7536 75 …

Please or Register to create posts and topics.

New month money with 7516 7536 7564 resistance | 7450 7403 support

#1 · 1st December 2023, 9:58 am

Technical analysis for FTSE 100 for 1st December 2023

The FTSE 100 hit a one-week high on Thursday, led by aerospace and defence stocks, while a softer inflation reading in the U.S. and rise in oil prices after OPEC+ countries agreed to output cuts boosted sentiment. The blue-chip FTSE 100 rose 0.4%, while the midcap index fell 1.3% but managed to build healthy gains in November. The index also had its best month in 2023.

Start of the final month of the year and we may well see a bit of a rise and dip today as the new month money flows in once again. I think though as it's Friday and the war has restarted in the Middle East, we may see some tempering of the exuberance today, and a bit of a dip later on.