The index now trades 0.07% lower at 6496.50 levels, after having declined from the high of 6544.50 levels earlier today. The Oil Equipment Services and Distribution index is down 4.37%, while Mining index is down 1.94%. The Ftse Oil and Gas shed 1.49%, along with a 1.6% fall in Industrial Metals and Mining index.
Among stocks, Petrofac has extended losses to trade 4.25%, along with Weir Group, which now trades lower by 3.31%. Antofagasta is down 2.67%. On the positive side are shares in GKN; up 2.47%, while Carnival trades 1.96% higher.
FTSE Technical Levels
The index faced rejection near the 100-DMA located at 6544 (day’s high). The immediate support is seen at 6489 (10-DMA), under which losses can be extended to 6453 levels. Meanwhile, resistance is seen at 6503 and 6544 levels.
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