Outlook on FTSE 100, DOW and S&P 500 ahead of US Non-Farm Payrolls.
Support is seen along the April-to-May support line at 8,160 and at Wednesday’s 8,096 low. Further down lie the early-to-mid-April highs and last Wednesday’s low at 8,046 to 8,003.
The Dow Jones Industrial Average managed to find support at its 37,705 current May low and is attacking last week’s high at 38,595 ahead of US Non-Farm Payrolls. Further up meanders the 55-day simple moving average at 38,735 and sits the 10 April high at 39,029. The S&P 500 seems to have found support at this week’s low at 5,009 and has been boosted by Apple earnings beat with it heading back up towards last week’s high, the 55-day simple moving average and April-to-May downtrend line at 5,120 to 5,138 ahead of Friday’sLeveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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