This week (into the start of the next) will be key for the FTSE 100 direction for the remainder of the year. A strong move up towards our think red line could signal that a medium term top is in place and a decent retracement is due on the FTSE 100 Index. However, if the FTSE merely moves sideways to down it is likely to delay the final push up… Read More »FTSE 100 Forecast Update October 25 2021
Gold has accelerated quite nicely away from our long entry zone and is now hopefully heading to our “question mark zone” – if it gets there we’ll be closing our longs as we simply don’t know how it will react at this knot of resistance – it could be a medium term top or it could keep going upwards towards our low risk short entry zone. Anyone who has gone… Read More »Gold Forecast October 22 2021
The closer the FTSE 100 can get to the “thick red line” – the better! Next week is key though, as optimal timing for an all time high would be between Wednesday 26th October and Tuesday 2nd November. Failure to hit this zone will likely delay the high until December (or confirm it has already happened). With this in mind stops should be placed to prevent losses by those who… Read More »FTSE 100 Forecast Update October 22 2021
GBP USD appears to be respecting the triangle we drew on the 8th September. This means we could be in a position to take a short entry on the currency pair. A note of warning though – there is not much downside on this trade – 134.70 at best, making the risk/ reward ratio much lower than we would like. Disclaimer The content on this site including products sold in… Read More »GBP USD Forecast update October 21 2021
Today could be key for the SPX 500 Index as it is the exact day which the recent high marries up with our confirmed trend line. If the SPX 500 confidently breaches this trend line then it adds weight to our short entry zone. If it fails to breach the trend line then the high may be in – and/ or we may need to reduce our target zone. Disclaimer… Read More »Key day for the SPX 500 Index
Gold is still sitting in our long entry zone and is possibly in the process of creating an upwards channel. This could lead to our “question mark” zone and potentially all the way up to our short entry zone. Early days though! Profits should be protected with stops at Monday’s low and, as time goes on, within the developing channel. Disclaimer The content on this site including products sold in… Read More »Gold Forecast Update October 20 2021
The FTSE 100 Index is attempting to “confirm” a short term trend line which came into play in August 2021. It’s showing some decent support at the moment and is current sitting at 36 points up from our long entry zone. Those of you that decided to go long may want to consider putting stops in place to ensure you do not make a loss on this trade is its… Read More »FTSE 100 Index Update October 20 2021
Is another high on the cards for the SPX 500 Index? Today’s movements and alignments with other key indices and commodities would suggest this is possible and this is the reason we have cancelled our short entry zone at around 4525 to 4550 – it’s simply far too risky for a short at this stage. We urge caution now as we approach the current trend line which has shown significant… Read More »SPX 500 Index October 19 2021 – Another high?
Brent Oil has just clipped the bottom end of our short entry zone today – twice – the second attempt coming in slightly lower than the first. The timing is perfect but we would have liked a couple of bucks more to get a bit closer to our dotted red line. Our long entry zone, out in November is currently below $70 so current level may be an interest risk/… Read More »Brent Crude Oil forecast update October 18 2021
The FTSE 100 appears to be finding support at key levels which makes one last long entry an interesting proposition. Currently the reward to risk ratio is not great (it’s below 4:1) but if it moves to the bottom of the zone then it would be at a much more “interesting” 6:1. Ultimately we are still waiting for a move up to the “thick red line” for a lower risk… Read More »FTSE 100 Index Forecast update October 18 2021