Indices have seen fresh gains, with the Nasdaq 100 in particular rallying to a new record high.
Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 1.12% Oil ...The index climbed to a new record high on Wednesday, rallying through the 19,000 level for the first time.This follows on from a bounce from the lows of last week, when the price rallied from a low at 18,187, near the 50-day SMA.
A fresh higher low appears to have formed after the price rebounded from 38,000 at the end of last week.The price returned to the 50-day simple moving average yesterday, and a close above the 50-day SMA would reinforce the bullish view and would then open the way to the record highs at 40,000. Over the past week the index formed a low around 7900, as it did in April and May.Should this low continue to hold, then we can look towards a fresh rebound towards the 8250 highs from April and May, reviving the uptrend. From there new record highs loom.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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