FTSE 100 (UKX) Down $8.02 On 4 Hour Chart, Entered Today Down 0.88%; in a Downtrend Over Past 14 Days

FTSE 100 4 Hour Price Update

Updated September 07, 2020 11:12 PM GMT (07:12 PM EST)

The end of a 4 four-hour candle positive run has come for FTSE 100, which finished the last 4 hour candle down 0.13% (8.02). 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 last 4 hour candle.

FTSE 100 Daily Price Recap

FTSE 100 is down 0.88% (51.78) since the day prior, marking the 2nd consecutive day a decrease has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, FTSE 100 ended up ranking 3rd for the day in terms of price change relative to the day prior. Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that FTSE 100’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

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

  • From SandyMidd:

    Friday down -0.67% in a week that felt like a market looking for another downwards leg. Folio -1.86% this week favourably compares with FTSE 100 benchmark -2.8%. Mostly -ve this week but #REDD +9.7% on Nationwide acquisition. YTD -23.3% now more closely aligned to FTSE (-23.1%).

  • From CuparArab:

    @80bobber @digibraltar @LBC I was trained to negotiate by a top FTSE 100 company 20 years ago. The current UK Govt’s negotiation tactics would have made an excellent “how not to do it” example, albeit one that would have seemed somewhat incredible at the time.

  • From BellRibeiroAddy:

    A full-time minimum wage worker (aged over 25) should earn about £17,004.00 a year.Last year, median FTSE 100 CEO was £3.61m – 212 times that amount.The Government should be closing that gap, not ruling out a pay rise for low-paid key workers.