Trading news

FTSE rallies amid vaccine optimism – FTSE 100 Market Outlook – 17/02/2021

The FTSE100 index closed down slightly yesterday but the bullish rally that started last week shows no signs of slowing after Rio Tinto posted stellar earnings today as it looks like the mining sector is once again thriving. About an hour ago, the Office for National Statistics showed UK inflation has unexpectedly risen 0.7% in January as the country went back into a coronavirus lockdown, however, we are still bullish on UK stocks and the 6800 resistance is the next key level to break for further upside prints.

Support: 6750 / 6700
Resistance: 6800/ 6840

SquaredFinancial Daily Market Outlook

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SquaredFinancial Review

Wednesday, 17 Feb, 2021 / 9:59

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-rallies-amid-vaccine-optimism-ftse-100-market-outlook-17-02-2021

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