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FTSE 100 weighed down amid possible second round of COVID-19 lockdown – FTSE 100 Market Outlook – 21/09/2020

SquaredFinancial

The FTSE 100 kicks off the week firmly in the red as the UK mulls a second round of Coronavirus lockdown, weighing down on market sentiment, as investors await London mayor Khan’s address today. With the index printing below the 200 period SMA on all time-frames, further downside is expected with 5885 as the next support target.

Support: 5985/ 5885
Resistance: 6050/ 6100

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-100-weighed-down-amid-possible-second-round-of-covid-19-lockdown-ftse-100-market-outlook-21-09-2020
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