Trade view /
15 June 2016 at 11:53 GMT
The FTSE 100 opened higher, recovering some of the ground lost on Tuesday when the index fell sharply on worries over a possible Brexit.
The lead of the “Leave” campaign was reduced to 4% from 7% yesterday, however, more polls later in the day may well see the FTSE placed on the back foot so making his mornings gains nothing more than a dead cat bounce.
Any trading in UK related assets, bonds, equities, or forex has to be treated like a hot potato…do not be the last one holding it as the volatile aspect of the UK market will leave you with burnt fingers.
Source: www.investing.com Spotlight Ideas
Spot has fallen under 6,000 and is now firmly below both the 50- and 200-day moving averages. This opens a risk to the 5,700 are seen in February if next week’s polls show the UK voting to leave the European Union.
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Source: Spotlight Ideas
Parameters (FTSE 100)
Entry: sell 5,976.00 area.
Targets: 5,920… 5,849… 5,780.
Time horizon: short term.
— Edited by Michael McKenna
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