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FTSE 100 Green streak in jeopardy – FTSE 100 Market Outlook – 12/11/2020

SquaredFinancial

The FTSE-100 secured a 10th consecutive daily close in the green, though failing to make its way towards our 6500 resistance level, with technicals/probability favoring a close in the red for today’s session, especially after a basket of just released UK data (GDP, Manufacturing and Industrial production..) came in weaker than expected. Surging Covid-19 cases with the UK becoming the first country in Europe to top 50,000 deaths, should also weigh on investor sentiment, with 6270 as closest support target.

Support: 6270/ 6160
Resistance: 6350/ 6500

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-100-green-streak-in-jeopardy-ftse-100-market-outlook-12-11-2020
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