Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....
9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius
FTSE Begins the New Week with No Change - Capital Street FX
The FTSE 100 shed 19 points and closed the day at 6,356.09, ending the day unchanged, and the month a handful of points higher.
This Monday, trading was choppy around the London benchmark, with mining-related shares recovering some ground, but banks slipping ahead of the BOE’s stress-test results due this Tuesday.
From a technical point of view, the index continues showing no actual progress, with the index stuck around a bearish 100 DMA and the technical indicators turning lower around their mid-lines in the daily chart. Shorter term, the 4 hours chart shows that the index retreated towards its 20 SMA that maintains a limited upward tone, while the technical indicators have turned lower, and are about to cross their mid-lines.
Should the index extend its decline below 6,346, the immediate support, further slides should be expected towards 6,265 the 50% retracement on the early November fall.
This website is owned and operated by Capital Street Intermarkets Limited, Level 6 GFin Tower, 42 Hotel Street Cybercity Mauritius. Capital Street Intermarkets Limited is a GBC authorized and regulated by the Financial Services Commission(FSC) of Mauritius as a Full Services Securities Dealer with the licence number C112010690.