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27 Mar 2015
FTSE weakens marginally
FXStreet (Mumbai) - The London’s Ftse index is trading marginally weak on Friday after suffering three consecutive sessions of losses.
Miners and Oil shares fall
The Ftse Oil and Gas index retreated 0.74% after the oil prices fell more than USD 1/barrel as worries of a disruption to crude supplies due to Saudi Arabia-led air strikes in Yemen eased. Meanwhile, Mining index dropped 1.4% on news three-quarters of China's domestic iron ore capacity is incurring losses.
Among shares, the drop in oil prices helped shares in Easyjet rise 2.45%, while Weir group and Tullow Oil and 2.56% and 2.385 respectively.
The index currently trades 0.14% lower at 6886.00, compared to the previous session’s close at 6895.33.
FTSE Technical Levels
The immediate support is seen at 6862.87, under which losses could be extended further to 6800.00 levels. On the flip side, resistance is seen at 6929.30 and 7000.00 levels.
Miners and Oil shares fall
The Ftse Oil and Gas index retreated 0.74% after the oil prices fell more than USD 1/barrel as worries of a disruption to crude supplies due to Saudi Arabia-led air strikes in Yemen eased. Meanwhile, Mining index dropped 1.4% on news three-quarters of China's domestic iron ore capacity is incurring losses.
Among shares, the drop in oil prices helped shares in Easyjet rise 2.45%, while Weir group and Tullow Oil and 2.56% and 2.385 respectively.
The index currently trades 0.14% lower at 6886.00, compared to the previous session’s close at 6895.33.
FTSE Technical Levels
The immediate support is seen at 6862.87, under which losses could be extended further to 6800.00 levels. On the flip side, resistance is seen at 6929.30 and 7000.00 levels.