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> FTSE consolidated higher awaiting today’s PMI data – FTSE 100 Market Outlook – 05/08/2020
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FTSE consolidated higher awaiting today’s PMI data – FTSE 100 Market Outlook – 05/08/2020

SquaredFinancial

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The FTSE consolidated higher in yesterday’s session though failing to breach our resistance at 6050 as companies offered mixed results. Investors await stimulus progress out of the US with UK PMI data in focus today as we look for an hourly close above 6050 resistance level to favor further upside with 6100 as the next resistance target.

Support: 5970 / 5930
Resistance: 6050 / 6100

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-consolidated-higher-awaiting-todays-pmi-data-ftse-100-market-outlook-05-08-2020
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