FTSE 100 and Nasdaq 100 dip despite Asian indices mostly trading higher
The FTSE 100 and Nasdaq 100 dip in low-volume trading despite most Asian indices, including the Nikkei 225, trading higher by 2%.
FTSE 100 on a weaker footing
The FTSE 100's recovery from last week's and its 7995 low in November seems to have run out of steam at Monday’s 8159 high, despite most Asian stock indices rising, the Nikkei 225 by around 2%.
Monday’s intraday high was made right within the 8183 - 8196 range that marked the late September and early October lows, which, as expected, acted as resistance.
Minor support below Thursday’s 8118 low sits at the 19 November low at 8051. More significant support comes in around the psychological 8000 mark.
FTSE 100 daily chart
Nasdaq 100 might close week’s gap
The NASDAQ 100 left a gap open with Monday’s 21,505 high. This may get filled this and next week as long as this week’s high at 21,857 is not overcome. If so, the 22,000 mark would be back in sight.
Immediate support is seen around Thursday’s 21,621 low.
Nasdaq 100 daily chart
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