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UK FTSE support & resistance forecast

UK Stock Market FTSE very close to important support
Patel (5/26/2008 5:10:59 PM)

UK Stock Exchange FTSE very close to important support 6087.

This is a very important support, once market (FTSE)close below this level next support is 5831 and 5414 and up side resistance is 14392. Write now many indicator indicating market is oversold so it can jump from 5831 or 5414.

European stocks surge to best level in 16 months on Brexit optimism, U.S. earnings
(Tue, 15 Oct 2019 16:10:00 +0000)
European stocks on Tuesday advanced on optimism over the possibility of a deal for an agreed Brexit pact.
British Pound Soars on Brexit Deal Hopes
(Tue, 15 Oct 2019 16:01:00 +0000)
Negotiators from the United Kingdom and the European Union are reportedly close to reaching an agreement on a draft of a deal to manage the U.K.’s exit from the EU.
Pound surges on report of possible draft Brexit deal
(Tue, 15 Oct 2019 15:43:00 +0000)
The British pound jumped Tuesday, shaking off losses seen at the start of the week, after upbeat comments over a possible Brexit deal from the European Union’s negotiator.
European Stocks Bid Higher on Brexit Hopes
(Tue, 15 Oct 2019 10:58:00 +0000)
European stocks on Tuesday advanced on optimism over the possibility of a deal for an agreed Brexit pact.
UPDATE 2-European shares jump as hopes of Brexit deal grow
(Tue, 15 Oct 2019 08:07:39 +0000)
European stocks rose to their highest in nearly three months on Tuesday, with Irish stocks soaring almost 3%, after a news report said negotiators were on the verge of a deal that would avoid Britain crashing out of the European Union. Shares in Irish companies, which are hugely reliant on UK business and seen as a barometer of market worries about Brexit, hit their highest in more than a year. Two EU officials said a Bloomberg report of an imminent Brexit deal was "premature".

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