19 Dec 2014
FTSE moves lower after a gap up opening
FXStreet (Mumbai) - The London’s Ftse index opened higher, extending the rally on Wall Street, although the index is erasing gains after failing to sustain gains above 6500 levels.
The Ftse index is now up 0.46% at 6496 levels, compared to the previous session’s close of 6466. The index breadth is positive with an advance-decline ratio of 69:31. The FTSE Oil Equipment Services and Distributions index is down 2.15%, followed by a 1.73% decline in electricity stocks. On the other hand, Oil and Gas index and Mining index have gained 1.13% and 1.09% respectively.
Among stocks, shares in Tesco are up 3.58%, followed by Antofagasta, which gained 2.77%. On the other hand, Petrofac retreated 2.91%, while shares in NEXT are down 2.02%.
Ftse Technical Levels
The immediate resistance is seen at 6523.5, above which gains could be extended to 6565 levels. On the other hand, support is seen at 6430 and 6400 levels.
The Ftse index is now up 0.46% at 6496 levels, compared to the previous session’s close of 6466. The index breadth is positive with an advance-decline ratio of 69:31. The FTSE Oil Equipment Services and Distributions index is down 2.15%, followed by a 1.73% decline in electricity stocks. On the other hand, Oil and Gas index and Mining index have gained 1.13% and 1.09% respectively.
Among stocks, shares in Tesco are up 3.58%, followed by Antofagasta, which gained 2.77%. On the other hand, Petrofac retreated 2.91%, while shares in NEXT are down 2.02%.
Ftse Technical Levels
The immediate resistance is seen at 6523.5, above which gains could be extended to 6565 levels. On the other hand, support is seen at 6430 and 6400 levels.