FTSE 100, DAX 40, CAC 40 – Analysis and Charts
FTSE 100 sees rebound ahead of UK election
The FTSE 100 managed to find support around its June low at 8,106, a level from which it is recovering ahead of Thursday’s UK election. Provided that the June and current July lows at 8,115-to-8,106 underpin, the 55-day simple moving average (SMA) at 8,236 will be back in sight. A rise above Friday’s high at 8,239 would put the previous week’s high at 8,314 back on the plate.
Support below 8,106 sits at the 8,095 May trough.
FTSE 100 Daily Chart
| Change in | Longs | Shorts | OI |
| Daily | -5% | 3% | -1% |
| Weekly | 10% | -10% | -1% |
DAX 40 bounces off two-week low
The DAX 40 dropped back towards the psychological 18,000 mark on French election worries before recovering later in the session on Wednesday, helped by US…
