FTSE 100, DAX 40 find support as NASDAQ 100 range trades below its record high
FTSE 100, DAX 40 find support as NASDAQ 100 range trades below its record high ahead of Wednesday’s FOMC meeting and Thursday’s BoE monetary policy meeting.
FTSE 100 bounces back
The FTSE 100 has come off its 8,389 early December high and slid to the 200-day simple moving average (SMA) at 8,197, around which it seems to hold.
Were a fall through this week's low at 8,183 to ensue, though, the September trough at 8,153 may be revisited. While it underpins, a rise back above the 55-day SMA at 8,236 may ensue, targeting the 8,304 early November high.
DAX 40 finds support
The German DAX 40 is keeling over from last week’s 20,527 record high and nears the November-to-December uptrend line at 20,066 and the psychological 20,000 mark.
Minor resistance can be spotted at the 10 December low at 20,260 as well as at the 9 December high at 20,476. Above it lies last week’s record high at 20,527.
NASDAQ 100 consolidates ahead of FOMC
The NASDAQ 100 is short-term consolidating below its 22,132 record high, a rise above which could lead to the 23,000 mark being next in line.
Potential slips may find support between the November-to-December uptrend line at 21,760 and the 11 December high at 21,784.
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