Indices saw a mixed session on Monday, struggling to hold early gains but finishing off the lows. However, early trading has seen stocks struggle again.
Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -1.26% Oil -...The index rebounded sharply on Friday, but suffered a wobble on Monday, though it did finish well off the lows.The situation remains finely poised; sellers might drive the price back to, and then below, 38,000, reinforcing the short-term bearish view.
Both Friday and Monday saw the price rally off the lows, helping to sustain the bullish view. A reversal back below the March highs would be needed to put a dent in this view. However, the longer-term bullish view remains in place. The price finds itself back below 8,000, and the lows of April and May around 7900 are close by. A close below 7850 would suggest a much deeper pullback could be in play, perhaps targeting the 200-day SMA, last tested back in January.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.
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