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FTSE 100 remains supported after upbeat news concerning Brexit talks – FTSE 100 Market Outlook – 08/10/2020

SquaredFinancial

Better than expected UK economic data along with some upbeat news concerning Brexit talks, as EU officials don’t see the UK quitting talks with discussions likely to carry through the second half of October, kept the index supported. While remarks from Boris Johnson warning of rising infections in London kept higher prints under pressure, with all eye’s on Gov. Bailey today as we look for an hourly close above 5985 to spark bullish momentum.

Support: 5885/ 5800
Resistance: 5985/ 6050

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-100-remains-supported-after-upbeat-news-concerning-brexit-talks-ftse-100-market-outlook-08-10-2020
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