FTSE 250 index traded lower for the third straight day

  • Dec 19, 2019 GMT
  • Team Kalkine
  • UK’s mid-cap benchmark index the FTSE 250 is set to end lower for the third consecutive day, as it traded 10.0 points or 0.09% lower at 21,653.08, at the time of writing at 03:40 PM GMT. However, it still traded above the crucial short-term and long-term support levels of 50-day and 200-day simple moving averages (SMAs) but traded below its immediate support level of 5-day and 10-day SMAs.
  • However, 14-day and 9-day Relative Strength Index (RSI) of the benchmark stood at 56 and 54, reflecting a neutral stance.

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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