FTSE 100, DAX 40 begin new year on slightly positive footing
FTSE 100, DAX 40 begin new year on slightly positive footing as traders gradually return to markets.
FTSE 100 looks short-term bid at beginning of new year
The FTSE 100's recovery from its November and December 7,995 low is taking it towards the 55- and 200-day simple moving averages (SMA) at 8,208-to-8,212. Around these the advance may struggle, though.
Potential slips may find support around the 27 December high at 8,159. It was made within the 8,183-to-8,196 late September and early October lows.
Further minor support sits at the 31 December 8,086 low.
DAX 40 begins new year on slightly positive footing
The German DAX 40 index is seen bouncing off Monday’s 19,748 low towards minor resistance sitting between the psychological 20,000 mark and the late December high at 20,024.
Support below Monday’s 19,748 low can be spotted between the October highs at 19,683-to-19,643, the 20 December low at 19,635 and the 55-day SMA at 19,643.
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