UK OILUK oil set to plummet with UK lockdown pending.
Fundamentals mean demand will drop with over supply resulting in low oil prices.
Not much technical analysis is needed trading off of fundamentals.
UK100 CFD
30/10/2020 #FTSE Where next?FTSE looks like a bear flag is forming.But with yesterday's reasonable daily close, both sides can be played today.
My blue zone - above 5587 for longs, target 5603, 5637, 5685. Be nimble and trail stops. I have a hunch we will see 5685, but hunch are hunch. Trade what you see.
Below 5569, be short. 5539 should offer a bounce as it is yesterday's low. We might even bounce here and rally. Below are 5489. 5443 is strong support, should cap low of day.
UK100 Projection for 5,000 level to be checked (South again)Chart is self explanatory. Brexit times, Covid times.
Are the markets losing faith on FTSE?The situation looks very dismal for FTSE100 as since June's High, the index has been trading within a Channel Down that has already lost almost 50% of the post March gains.
Additionally, the MACD on the 1W chart just made a Bearish Cross. The whole sequence from start (Death Cross) until now, loos very similar to the 2008/2009 credit crunch. Have the markets lost all faith on the UK100 in order to push it to the 1.236 Fib as in 2009?
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UK100 | Exponential Moving Averages | Average True RangeSell at intersection of Horizontal Support Resistance, EMA 10, and EMA 20 in a Trend.
Trend is down. Series of Lower Highs.
UK100 RETEST ITS ALREDY REACHED THE 2ND TARGET ONCE THE MARKET REACH THE 3RD TARGET MARKET WILL RETEST OR GO FOR A CORRECTION
23/10/2020 #FTSE Based on yesterday's daily candle close with rejection off new lows, price action looks bullish.
Bias will be long above 5791, targeting 5822, 5839.4, 5858 and 5879. 5896 if hit will present low risk short level.
Below 5778, bias will be to the downside, targeting 5744 and yesterday's low near 5722. 5682 should present low risk buy level.
UK100 Intraday Setup.UK100 - Intraday - We look to Sell at 5944 (stop at 5979)
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
We have a 61.8% Fibonacci pullback level of 5944 from 6042 to 5785.
Further downside is expected although we prefer to sell into rallies close to the 5944 level.
Our profit targets will be 5845 and 5770
Resistance: 6106 / 6325 / 6515
Support: 5770 / 5650 / 5445
FTSE UK100 Projection (South)Both fundamentally and technically- we expect a drop. price already in a descending channel which more likely it will be breached from the lower side.
UK100going to see where it stops on the fibs and wait for retest then place you enter stop loss below the previous candle.
5800 will be the immediate support.With Covid-19 spiking at the European countries, we are bearish on UK 100.
FTSE100 Short Trade *SCALE IN 16/10/2020*I think now is a good time to add an extra short position to FTSE100. I am still short from 6312 and 6300 and looking for new lows to be made.
TP1 = 5800 support zone
TP2 = 5725 (bearish trend to continue)
UK100 to Long?Market analysis pointing to some decent bull in store after channel break to the upside.
Trade at your own risk ...
FTSE100 Short Trade Scale InI believe UK stocks and the FTSE index in particular is due another bearish wave now. Price is in the perfect region for another lower high to form and selling to begin once more.
Using the fibonacci retracement tool on the 4hr/daily price waves there is the 0.786 level above to act as resistance. Price is in the region of the daily 50EMA with longer term bearish trend alignment of the 50 and 200EMA's apparent.
Selling from this level with a conservative sized SL and targeting the previous support zone (5800) and lower lows (5680) has the potential to produce good returns. Targets are shown on the chart.
I am still short FTSE from 6312.00 and I think bearish bets going in to the end of the year is the best probability outcome.
UK100 Index Trade Idea Gonna go ahead and steadily started building new buy positions on this asset, my main target is 6250 for the most part.
UK100GBP BUY LIMIT IDEAHello traders!
I will set buy limit on UK100GBP , we have strong bearish momentum right now, so i want to see re-test at 5945.5
After that we will see bullish move!
Buy Limit: 5945.5
Take profit: 5968
If UK100 will brake our strong resistance level,then i will to hold more for bigger profits! Good luck!
Stay on charts, this will be huge month!
/Mr.Trade
