FTSE 100 (UKX) Down $40.59 On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Eyes 100 Day Average

FTSE 100 4 Hour Price Update

Updated June 18, 2020 03:13 AM GMT (11:13 PM EST)

FTSE 100 came into the current 4 hour candle down 0.65% (40.59) from the open of the previous 4 hours, marking the 3rd candle 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 7th for the four-hour candle in terms of price change relative to the previous 4 hours.

FTSE 100 Daily Price Recap

FTSE 100 closed the day prior up 0.17% (10.46); this denotes the 2nd day in a row an increase has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, FTSE 100 ended up ranking 4th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of FTSE 100.

FTSE 100 Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that FTSE 100’s price has gone up 7 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Behold! Here are the top tweets related to FTSE 100:

  • From AllingtonHughes:

    FTSE 100 company Bunzl & others are promising to repay funds received from the Government as part of the Job Retention Scheme. For Bunzl this amounts to £7m and equates to circa 4 days of operating profits. Ikea and Games Workshop also intend to repay funds granted to them.

  • From truemagic68:

    At 8.38am – FTSE 100 – 6,300.32 +57.53 (+0.92%) – investors still seem to have an appetite for risk – benign inflation data has not phased them, – Kingfisher +4.3%, Boohoo +9.9%

  • From truemagic68:

    At 8.02am – FTSE 100 – 6,259.54 +16.75 (+0.27%) – a little surprised it has opened in positive territory early doors! He-ho! Its a long session!