Market Analysis – August 7 The FTSE 100 index initially experienced an upside breakout, followed by a retest and the formation of a swing high. This price action suggested a potential continuation of the uptrend. However, contrary to expectations, the price then sharply declined, plunging to the demand zone at 8009.50. FTSE 100 Key Levels: […]
Market Analysis – July 31 The FTSE 100 index has experienced a bullish breakout from a parallel channel on the daily chart. The price pulled back to retest the border of the parallel channel, which provided support to propel it beyond the swing high of 8371.0. FTSE 100 Key Levels Demand Levels: 8200.0, 8010.0, 7899.0Supply […]
Market Analysis – July 27 The FTSE 100 market has been consolidating since its pullback to the demand level of 8199.0. This consolidation led to the formation of a bearish parallel channel on the daily chart. Recently, the price has expanded above this channel, indicating a bullish takeoff. FTSE 100 Key Levels Supply Levels: 8371.70, […]
London stocks ended the week lower due to a global cyber outage on Friday, as investors assessed a decline in domestic retail sales for June. The commodity-linked stocks also fell, tracking declines in copper, gold, and other metals prices. The blue-chip FTSE 100 index dropped by 0.6%, while the mid-cap FTSE 250 decreased by 0.8%. […]
Market Analysis – July 16 The FTSE 100 has remained in consolidation since the price pulled back to the demand level of 8,110.0. The stiff contention between market participants has led to the formation of a range on the daily chart. The price action continues to create lower highs and equal lows, resulting in the […]
Market Analysis – July 10 The FTSE 100 market has transitioned from a trending phase to a consolidation phase. The range formed on the daily chart has taken the shape of a descending triangle, indicating a potential breakout on either side of the market. FTSE 100 Key Levels Demand Levels: 8110.0, 7920.0Supply Levels: 8322.0, 8480.0 […]
U.S. stock index futures experienced a slight decline in evening trading on Sunday as investors awaited Federal Reserve Chair Jerome Powell’s testimony and critical inflation data for further guidance on interest rates this week. The futures steadied after Wall Street hit record highs on Friday, driven by softer-than-expected nonfarm payrolls data that increased optimism about […]
Market Analysis – July 4 The FTSE 100 index has exhibited a notable chart pattern that may intrigue investors and analysts following the market’s behavior. After a series of attempts to propel upwards, the index has repeatedly retraced back to a significant demand level, outlining what appears to be a reverse head and shoulders pattern, […]
Market Analysis – June 28 The FTSE 100 reached a peak of 8484.0 before buyer exhaustion led to a pullback to the bullish order block on the daily chart. Following this pullback, the price has spent a prolonged period in consolidation, forming a range. FTSE 100 Key Levels Demand Levels: 8220.0, 7931.0Supply Levels: 8484.0, 8500.0 […]
