After ending with a bullish note in the previous session, how does the FTSE 100 index trade presently? Find out on the 27 February FTSE 100 Technical Analysis.
27 February, ADS Securities – The FTSE 100 index ended with a bullish note in the previous session, led by gains in mining and commodity sector stocks. Moreover, shares of Associated British Foods jumped after it announced upbeat sales growth for the first half of 2018.
27 February FTSE 100 Technical Analysis
Presently, the index is trading with an upside bias on the 1H chart, ahead of the earnings report from Standard Chartered, Persimmon, GKN, Croda International and Direct Line Insurance Group, to be released today. Besides, the MACD indicator is tranquil in its positive region, further endorsing the above stance.
Intraday resistance is situated at the 7325 level where EMA 200 is located, followed by the 7355 and 7380 levels. A surge above the latter might trigger further positivity in the index. Conversely, key support is seen at the 7260 level, followed by the 7225 and 7195 levels.
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