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Surge in Covid infections pushed FTSE lower – FTSE 100 Market Outlook – 11/01/2021

SquaredFinancial

The British Department of Health stated nearly 54900 people tested positive for coronavirus in the last 24 hours and the death toll climbed by 563. London’s FTSE is seen opening slightly lower this Monday morning with investors focused on the alarming surge in infections however from a technical perspective, we haven’t yet seen signs of extreme bearishness therefore no major correction is expected. Our next key support on the hourly timeframe is the 6800 level.

Support: 6800 / 6700
Resistance: 6880/ 6912 / 7000

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/surge-in-covid-infections-pushed-ftse-lower-ftse-100-market-outlook-11-01-2021
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