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Instrument: UK100
Bullish Preference:
A buy position is envisaged if the price trades above 7261.4 with take profit at 7264.1
Bearish Preference:
A sell position is envisaged if the price trades below 7251.4 with take profit at 7247.8
Fundamentals:
No major Fundamentals
Comment:
European stock markets traded lower Friday, ending the week on a somber note as investors digested falling U.K. retail sales ahead of the release of eurozone inflation data
U.K. retail sales slumped 1.2% on the month in July, an annual drop of 3.2%, data showed Friday, as consumers struggled with high prices, limiting their spending on discretionary items.
Analysis: SCRUM Team
