FTSE poised to end 2014 in green

FXStreet (Mumbai) - The London’s FTSE index recovered losses from its opening session, snapping three consecutive days of declines amid thin trading ahead of year-end holidays and shortened European trading session.

The FTSE index currently trades 0.31% higher at 6567.30, compared to the previous session’s close at 6547. The index breadth is positive with an advance-decline ratio of 71:27.

Among the major gainers, shares in Hargreaves Lansdown PLC, Taylor Wimpey PLC, SABMiller PLC and CRH PLC are up 1.5% to 1.9%. TUI AG is the top loser on the index, losing -1.74%. Tullow Oil PLC and Centrica PLC are down 0.94% and 0.79% respectively.

FTSE Technical Levels

The immediate support is seen at 6523, followed by another support at 6490 levels. On the other hand, resistance is seen at 6620 and 6655.30 levels.