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FTSE dragged down as London will be put on level two alert system – FTSE 100 Market Outlook – 16/10/2020

The FTSE 100 hit our short entry targets, closing at a three week low, dragged down by energy, leisure and travel shares after the UK said London will be put on level two of the country’s three-tier alert system from Saturday as Covid-19 cases continued to surge across Europe, with Italy the latest to weigh curfew measures. All eye’s on Johnson’s decision today on whether he will abandon Brexit negotiations, with technicals favoring further downside.

Support: 5840 / 5800
Resistance: 5885 / 5915

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Friday, 16 Oct, 2020 / 8:10

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-dragged-down-as-london-will-be-put-on-level-two-alert-system-ftse-100-market-outlook-16-10-2020

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