Last week we said that Brent Oil looks like it will fall further – it has but we still think it has further to go. Key levels and trend lines have now been broken which means that there is opportunity for Brent Oil to fall lower and bounce off one of two long term trend lines. With this in mind we believe there will be a potential short entry this… Read More »Brent Oil still looking like it will fall further
We have removed our potential long entry zone from our FTSE 100 forecast. The current upwards move looks corrective in nature and has spent most of the last week trapped between 2 confirmed trend lines. If the FTSE 100 can manage to push up out of this range within a week then we believe there could be another short opportunity with up to 400 points available to the downside. If… Read More »FTSE 100 forecast update December 2 2021
Before we look at what will December bring for the FTSE 100 let’s take a look at what happened yesterday. Yesterday the FTSE 100 bounced off and confirmed a trend line. This will likely be a very important support line in the future and is potentially the bottom line of a parallel channel. Those of you who followed us on Twitter will have received live updates on the full life… Read More »What will December bring for the FTSE 100?
Where will the FTSE 100 go next? The FTSE 100 Index has currently found some pre-opening support on our unconfirmed trend line. As a result of this we have exited 50% of our short (see Twitter) and adjusted our stop and limit for the remaining 50%. Today/ tomorrow will be very important for the FTSE Index. If this trend line is “confirmed” then the “?” scenario becomes more likely –… Read More »Where next for the FTSE 100?
The FTSE 100 has recovered slightly since Friday’s fall but it is now wedged between 2 confirmed trend lines. The winner of this battle will decide where the FTSE 100 goes next. We currently see 2 main paths for the FTSE 100. Both lead lower but one has some more upside. Path 1 The FTSE will continue lower this week which will provide a long opportunity between 6800 and 6955.… Read More »FTSE 100 recovers a little but now at key resistance
The S&P 500 Index was hammered today on fears of a new Covid variant – a good excuse for the market to “create a market”. The timing of this fall was almost exactly in line with our forecast – it just didn’t quite get up high enough to trigger our short entry. Falls of this magnitude in the SPX 500 almost always result in another low within a week –… Read More »S&P 500 Hammered on Covid fears.
The rally has failed on Brent oil. Many commentators are blaming the movements on the new Covid variant but the rally was breaking down well before then. We exited our long trade at $79.8 and we now have 2 targets which we are considering for long entries in December 2021. One target is at around $70.8 near the middle of December and the other around $68.2 just after Christmas. Over… Read More »Rally fails on Brent Oil. Could be more downside to come.
The FTSE 100 plummeted out of hours and activated our short entry point at 7262. This is a classic example of keeping a watchful eye on the trend. Shortly after midnight our alerts triggered and it was clear that the FTSE may move below our unconfirmed trend line and may fall below it’s bounce level. As a result we placed a short order at 7262 and posted it on Twitter.… Read More »FTSE 100 Plummets – where to next?
Gold has found support on our trend line but the bounce is not convincing. We are very concerned that gold penetrated our dotted green line with ease. Our previous trade on gold, where we were stopped out, expected one last thrust up near the end of November/ early December. We still believe the timing of this is correct but our view is that the “thrust up” will be a corrective… Read More »Gold finds support – but bounce not convincing
GBP USD is almost 500 pips down from our short entry zone. Well done everyone who has maintained their short to this point – we exited some time ago! Our timing analysis of GBP USD shows us that a bounce is due very soon – within a week or so. Unfortunately we are unable to pin the zone into a narrow enough value range for a low risk/ high reward… Read More »GBP USD falling but bounce may be imminent.