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6 Feb 2015
FTSE remains supported by Oil and Mining shares
FXStreet (Mumbai) - The London’s Ftse index trades in the sideways manner as investors remain cautious ahead of the US non farm payrolls data.
Energy and Mining shares gain
The sharp recovery in the Crude prices has pushed Energy stocks higher. Brent crude futures are up 3.31% at USD 58.61/barrel. The Ftse Oil and Gas index gained 0.58%, while the Industrial Metals and Mining index gained 3.78%. Meanwhile, Bank index has gained 0.61%.
Among stocks, Barratt is down 2.22%, followed by a 1.87% fall in Shire. On the positive side, shares in Capital are up 2.49%, followed by a 1.98% gain in Aberdeen AM.
FTSE Technical Levels
The index currently trades 0.15% lower at 6855.50 levels. The immediate resistance is located at 6886.31 and 6904.86 levels. On the flip side, support is seen at 6804.30 and 6738.80 levels.
Energy and Mining shares gain
The sharp recovery in the Crude prices has pushed Energy stocks higher. Brent crude futures are up 3.31% at USD 58.61/barrel. The Ftse Oil and Gas index gained 0.58%, while the Industrial Metals and Mining index gained 3.78%. Meanwhile, Bank index has gained 0.61%.
Among stocks, Barratt is down 2.22%, followed by a 1.87% fall in Shire. On the positive side, shares in Capital are up 2.49%, followed by a 1.98% gain in Aberdeen AM.
FTSE Technical Levels
The index currently trades 0.15% lower at 6855.50 levels. The immediate resistance is located at 6886.31 and 6904.86 levels. On the flip side, support is seen at 6804.30 and 6738.80 levels.