FTSE 100 Daily Price Recap
FTSE 100 closed the day prior down 3.34% ($193.66); this denotes the 2nd day in a row it has gone down. Out of the 8 instruments in the 8 major global equity indices asset class, FTSE 100 ended up ranking 6th for the day in terms of price change relative to the day prior. The daily price chart of FTSE 100 below illustrates.
FTSE 100 Technical Analysis
Volatility for FTSE 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days FTSE 100’s price has gone up 5 them.
Overheard on Twitter
Behold! Here are the top tweets related to FTSE 100:
- From truemagic68:
At 8.07am – FTSE 100 – 5,776.89 −14.42 (-0.25%) – marginally below the Plimsoll line, but further stories will unfold during the session
- From RonnieChopra1:
FTSE 100 near low of the day, down approx 2% at 5670. Heavyweight oil majors (BP and Shell) pushing the benchmark sharply lower as the oil price plummets to an 18 year low as well as weak bank and commodity shares.
- From MrMBrown:
Stoxx 600 closes 3.3% lower, all sectors ending the day in the redO&G and banks lead the lossesLondon’s FTSE 100 also ends the day with losses of more than 3%