FTSE 100 analysis

FTSE at the basic level

The FTSE index starts the week on a high on Monday, recovering from a low last Friday.

This increase was supported by strong gains in the shares of British banks.

Barclays rose by more than 2%, HSBC, NatWest and Standard Chartered also rose by more than 1%.

Shares of mining companies were also supported by rising copper and gold prices.

However, the index was affected by losses in the pharmaceutical sector, where AstraZeneca's stock fell by more than 1% after US President Trump sent letters to 17 pharmaceutical companies last week demanding price cuts, which put pressure on the pharmaceutical sector.
 

FTSE at the technical level

The FTSE 100 index rose on Monday, after rebounding from support levels of 9040 points last Friday at the end of the week.

We expect the pair to continue rising to target the main peak levels at 9170 levels as the initial target and then 9200 levels as the second target.

Any pullback near and around 9040, we expect to be good buying zones on the index.

As for if the levels of 9025 are broken, we expect the indicator to fall to target the levels of 8915 points, from which we can think about buying again.

You can also follow the FTSE analysis through the weekly analysis video of the indicators from here