Wednesday, 27 August 2014

UK STOCK MARKET OVERVIEW


UK Stock market overview
It was a strong finish to Tuesday's session, with traders keen to keep up with 
the gains seen amongst global equities during the bank holiday. 
 
After coming off declines following an initial jump, the FTSE 100 ultimately 
ended 47.51 points higher at 6,822.76, with afternoon trading helped by 
stronger-than-expected data in the US. 
 
The market looks like it’s ready to continue going higher, probably challenging
 the 6900 level  and crossing of it can  then heads to 7000 in the short-term.
 
Index is managing to trade above 50 DMA & 200 DMA with positive bias, 
It has managing to give clossing above zero level line with MACD & Signal line 
sustaing above that which is indicating strength in the trend.
 
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