
- 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

- May 28, 2022

- Jan 2, 2022

- Dec 19, 2021
Weekly market brief: 20 - 24 December 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week down -0.34% For the week we expect a bullish continuation to 7,330 Indicators Fluctuating weekly led the FTSE100 to retest the intermediate support at 7,170 before reversing to the upside and ending the week above the 50MA. MACD has crossed above 0 and seems to signal a change in the index's momentum. RSI, after breaking the bearish trendline, this week performed a backtest and then reversed to the upsid

- Dec 11, 2021
Weekly market brief: 13 - 17 December 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week up + 1.83% For the week ahead we expect a bullish continuation with a possible breakout of 7,330 Indicators The strong bullish push of the first two days of last week is now seeing a gradual retracement to previous resistance areas: we believe that the index can retrace to 7,250 and then continue upwards. MACD is gradually reversing to the upside and has now hinted at a breakout of 0: a positive sign of

- Dec 5, 2021
Weekly market brief: 6 - 10 Dicembre 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week down -0.05% For the week we expect a possible consolidation between 7,080 and 7,200 Indicators This week confirmed the 6.6980 as support and the 50MA as a strong resistance area: the break of one of the two levels could therefore lead to strong swings. The series of rising lows of the last few days suggests a gradual recovery in the short term which could then culminate in a break of the 50MA. While the

- Nov 28, 2021
Weekly market brief: 29 November - 3 December 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week down -2.85% For the week we expect a possible consolidation between 7,050 and 6,980 Indicators After retesting the 7,300 level, the index sold off on Friday reaching what we consider a strong support area. Given the very bearish candle on Friday, at the beginning of the week, the index could continue the downside and test the current support at 6.980. We believe that once the bearish continuation is over

- Nov 20, 2021
Weekly market brief: 22 - 26 November 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week down -1.58% For the week we expect a possible consolidation between 7,150 and 7,220 Indicators Retracement week for the FTSE100 which has now tested the previous, and strong, level of 7,220. For the week we expect a consolidation between this level and the 50MA to then eventually reverse to the upside. MACD, reversed to the downside but still remains above 0 RSI, after leaving the overbought zone, is now

- Nov 13, 2021
Weekly market brief: 15 - 19 November 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week up + 0.60% For the week we expect a retracement to at least 7,220 Indicators Positive week for the British index which managed to break the previous resistance, now support, at 7,330. We believe that this additional momentum is more due to the sharp depreciation of the GBP/USD rather than to an actual recovery in the strength of the index. MACD and RSI remain very extended to the upside and looking at pr

- Nov 6, 2021
Weekly market brief: 8 - 12 November 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week up + 0.61% For the week we expect a retracement to at least 7,220 Indicators Positive week for the British index which consolidated above the strong resistance area, now support, at 7,220. The breaking of this level is a further confirmation of the strong bullish trend that we believe will continue at least until the end of the year. At the same time, before continuing to rise, we expect the index to ret

- Oct 25, 2021
Weekly market brief: 25 - 29 October 2021
S: Support R: Resistance FTSE 100 (#UKX) The FTSE 100 ended the week down -0.08% For the week we expect a downside to at least 7,165 Indicators The past week of consolidation could now lead the FTSE100 to retrace slightly. Towards the beginning of the week we expect a "back-test" of the previous resistance level (now support). MACD is starting to curve to the downside after a good bullish period. RSI was again rejected at the level of 60 and we could now expect a slight r