The FTSE 100 hit our short entry targets, closing at a three week low, dragged down by energy, leisure and travel shares after the UK said London will be put on level two of the country’s three-tier alert system from Saturday as Covid-19 cases continued to surge across Europe, with Italy the latest to weigh curfew measures. All eye’s on Johnson’s decision today on whether he will abandon Brexit negotiations, with technicals favoring further downside.
Support: 5840 / 5800
Resistance: 5885 / 5915
This analysis is just part of a greater daily market report on 8+ of the hottest instruments and assets provided to all SquaredFinancial clients.
Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.