FTSE 100 testing levels below its 5-day, 10-day and 20-day support levels as on November 28 (Thursday)

  • Nov 28, 2019 GMT
  • Team Kalkine

FTSE 100 rally halted after four consecutive days of surge,  on November 28. Amid further trade, escalation expectation invoked by US President Donald Trump signing Hong Kong Bill. During the day session (before the market close at 02: 20 PM GMT), FTSE 100 breached its short-term support levels of 5-day, 10-day and 20-day simple moving averages. It slumped 27 points or 0.36% to 7,402.85 (at the time of writing, at 02:20 PM GMT) and touched an intraday high and low of 7,429.78 and 7,385.32, respectively.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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