FTSE 100, Dow remain under pressure while Nikkei 225 bounces off support
FTSE 100, Dow remain under pressure while Nikkei 225 bounces off support amid global uncertainties to do with US tariff threats.
FTSE 100 remains under pressure
The FTSE 100 continues its descent from last week's 8,836 record high and trades in three week lows with the 24 January high at 8,587 remaining in focus.
Friday and Monday's lows at 8,702-to-8,705 are still expected to act as resistance, if revisited at all. Only if they and Thursday's 8,708 high were to be exceeded, may the 13 February low at 8,730 may be revisited.
Nikkei 225 bounces off support line
The Nikkei 225 is seen bouncing off its October-to-February support line and in doing so is heaving itself back above its 200-day simple moving average (SMA) at 38,665.
The 55-day SMA at 39,218 and the January-to-February resistance line at 39,360 are now in focus, provided that the longer term support line and Thursday's low at 38,397 underpin. If not, the mid-January low at 38,066 may be revisited.
Dow looks lacklustre
The Dow Jones has once again been rejected by its February resistance line and on Thursday's dropped to 43,933 before regaining some of its intraday losses. This low was made not far from its late January and early February lows as well as the 55-day SMA at 43,843-to-43,748.
Resistance is seen along the resistance line at 44,530 and at last week's 44,771 high.
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