FTSE 100 Technical Analysis: Daily Chart
Momentum:
MACD: Positive
RSI: Neutral
Stochastic: Buy Signal, moving into overbought territory
Daily Price Action Trend: Neutral
Last relevant high: 6,153.8
Last relevant low: 5,845.5
Comment:
The FTSE rallied yesterday as investors shrugged off generally disappointing economic data and concentrated on M&A activity. We have little to report technically but volume was at a solid level to suggest that this rally may have more legs, clearly all eyes will remain fixed on the US non-farm payrolls and we should expect volatility until Friday.
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