Indices suffered heavy selling last week, but have managed to nudge their way up in cautious early trading.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.65% Fr...Friday witnessed the index close below trendline support from the August low and below the early October low.Further losses now beckon towards 7300 and then down to 7215, the low from mid-August.
The losses of the past two weeks have finally seen the index head back towards its March lows, wiping out all the gains made since the banking crisis.The past two months have seen the index reach new lower highs and lower lows. This leaves the near-term bearish view intact. The second half of last week witnessed the index lose 1000 points, and a move back to the early October low seems likely. Below this, the May low of around 32,500 comes into view as possible support. Further declines then see the index target the March lows below 32,500.
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