Tuesday, 25th September 2018 09:31 - by Rajan Dhall
CMC markets are one of the worlds leading spread betting providers and this morning released their latest trading update covering the period from 1 July 2018 to 25 September 2018. Key Statements:
On the weekly chart below you can see we are in some kind of consolidation mode after the trendline break. I now think there is a chance we could sell off further toward or even below the 150p area following today's RNS. 135p could hold strong as it was a formidable resistance point early 2017 and then the level was used as support mid and later on in the same year.
The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.