Instrument: UK100
Bullish Preference:
Buy position is envisaged if price trades above 7663.8 with take profit at 7678.9.
Bearish Preference:
Sell position is envisaged if price trades below 7635.5 with take profit at 7617.4.
Fundamentals:
USD
Prelim UoM Consumer Sentiment 3:00 PM
Prelim UoM Inflation Expectations 3:00 PM
Comment:
The FTSE 100 Index in the UK closed on Thursday with an increased value of 7,644.78, marking a rise of 0.32%. Major oil & natural gas company BP (NYSE:BP) PLC led the surge with a 3.04% increase in shares, contributing significantly to the overall uplift of the index.
Other companies that played a role in the FTSE 100’s rise included Hikma Pharmaceuticals (OTC:HKMPY) PLC, Sage Group (LON:SGE) PLC, Ferguson PLC, and CRH (NYSE:CRH) PLC. These firms saw their shares rise between 1.87% and 1.97%, adding to the positive momentum of the market.
Analysis: SCRUM Team