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Option expiry today | 7440 7432 7391 support | 7510 7560 resistance

#1 · 20th October 2023, 9:29 am

Technical analysis for FTSE 100 for 20th October 2023

The FTSE 100 has closed1.17pc lower at 7,499.53, while the FTSE 250 midcap index shed 1.09pc to finish at 17,213.14. The UK’s blue chip index was also dragged lower by a 14.3pc fall in Rightmove after a near £100m takeover was agreed for rival OnTheMarket. The heavyweight oil and gas sectoral index was down 0.66pc, tracking oil prices lower.

Asian stocks fell as volatility gripped global markets from an escalation in tensions in the Middle East, driving oil and gold to further advances. MSCI’s Asia Pacific Index - a gauge for benchmarks in the region - lost 0.2% and is set for its biggest weekly drop in two months. China stocks pared earlier losses as policymakers pumped a record amount of short-term cash into its financial system while contracts for US equities declined.