- 3 days ago
Weekly market brief: 30 January - 3 February 2023
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week down by -0.07% For the week ahead we are in favour of a possible retracement to the 7,650 area Indicators Slightly negative week that sees the British index remaining below the 5-day average. That this could be the beginning of a major retracement is still too early, but looking at internal indicators, the conditions seem to be in place for a market reversal. MACD and RSI, left the overbought areas, are
- Jan 22
Weekly market brief: 23 - 27 January 2023
S: Support R: Resistance FTSE 100 (#UKX) FTSE100 index had a week down by -0.94% For the week ahead we are in favour of a possible retracement to the 7,650 area Indicators Slightly negative week that saw the British index close below the 5-day average for the first time from the beginning of 2023. It is still too early that this could be the beginning of a more important retracement, but looking at the internal indicators, the conditions seem to be in place. At the moment
- Jan 14
Weekly market brief: 16 - 20 January 2023
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week up by +1.88% For the week ahead we are in favour of a possible retracement to the 7.650 area Indicators Very positive week for the English index which returns to 2018 highs'. The upswings resulted in the break of the strong resistance area at 7,650 which now sees the price continuing to move on Bollinger Band upper level. MACD and RSI are in large overbought territory and in negative divergence with the
- Jan 8
Weekly market brief: 9 - 13 January 2023
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week up by +3.32% For the week ahead we are in favour of a possible retracement to the 7,500 area Indicators Very positive week for the British index which returns to the 2022 highs'. The area of 7,000-7,750 represents a strong resistance that has never been overcome and we believe that even in this case there is not the necessary strength to proceed further upwards. Has happened before, a move up is usuall
- Dec 31, 2022
Weekly market brief: 2 - 6 January 2023
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week down by -0.81% For the week ahead we are in favour of a possible consolidation in the 7,400-7,500 area Indicators Slightly negative week that sees the price remaining above the 5-day average: a positive short-term indicator, even if we believe that the seasonality of the British index will continue to bear witness. MACD and RSI are still in positive territory An eventual re-test of the 7,600 is still on
- Dec 25, 2022
Weekly market brief: 26 - 30 December 2022
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week up by +1.92% For the week ahead we are in favour of a possible consolidation in the 7,400-7,500 area Indicators Positive week which sees the price returning to a strong intermediate resistance area. The continued hold above the 50-day average (yellow line) is a positive indicator that could push the price to a possible re-test of 7.600 for the last week of 2022. MACD and RSI mirror the price action and
- Dec 17, 2022
Weekly market brief: 19 - 23 December 2022
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week down by -1.69% For the week ahead we are in favour of a possible consolidation in the 7.250 - 7.300 area Indicators Negative week for the British index, as it almost seems to want to repeat the August 2022 setup's. As highlighted last week, the break of the 9-day average (red line) paved the way for even more substantial declines. The MACD and RSI have reversed significantly, with the latter already in
- Dec 11, 2022
Weekly market brief: 12 - 16 December 2022
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week down by -1.05% For the week ahead we are in favour of a retracement to the 7,400 area Indicators Negative week for the British index, as it almost seems to want to repeat the August's setup. The price finally broke below the 9-day average (red line) which has been a strong dynamic resistance since October. We believe this break is important, especially after a long upside phase: we could expect a short
- Dec 3, 2022
Weekly market brief: 5 - 9 December 2022
S: Support R: Resistance FTSE 100 (#UKX) The FTSE100 index had a week up by +0.93% For the week ahead we are in favour of a retracement on the area of 7,400 Indicators Positive week for the British index that sees the price keep moving close to the strong level already reached in August. Despite a further positive week we believe that the risk/reward on the UKX is now heavily unbalanced in favour of short-medium term downside. We believe that there are two important facto
- Nov 20, 2022
- Nov 13, 2022
- Nov 6, 2022
- Oct 23, 2022
- Oct 16, 2022
- Sep 24, 2022
- Sep 17, 2022
- Sep 10, 2022
- Sep 3, 2022