Article by IG Senior Market Analyst Axel Rudolph
FTSE 100, CAC 40, Nasdaq 100 Analysis and Charts
FTSE 100 benefits from risk-on appetite
The FTSE 100 is on track for a second day of gains as it follows Asian stock indices higher ahead of today’s start of the Jackson Hole symposium.The UK blue chip index is now gunning for the May, June, and early August lows at 7,401 to 7,437 which may cap it today, though. If not, the mid-July high at 7,481 could be reached as well ahead of the 55-day simple moving average (SMA) at 7,501.
Slips should find support around Monday’s high at 7,317.
FTSE 100 Daily…
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