FTSE 100, NASDAQ 100 dip despite Asian indices mostly trading higher
FTSE 100, NASDAQ 100 dip in low volume trading despite Asian indices mostly trading higher, the Nikkei 225 by 2%.
FTSE 100 on a weaker footing
The FTSE 100's recovery from last week's and its November 7,995 low seems to have run out of steam at Monday’s 8,159 high despite most Asian stock indices rising, the Nikkei 225 by around 2%.
Monday’s intraday high was made right within the 8,183-to-8,196 late September and early October lows which, as expected, acted as resistance.
Minor support below Thursday’s 8,118 low sits at the 19 November low at 8,051. More significant support comes in around the psychological 8,000 mark.
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 isn’t overcome. If so, the 22,000 mark would be back in sight.
Immediate support is seen around Thursday’s 21,621 low.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
