Technical Analyst, Saxo Bank
Summary: FTSE 100 broken below key support. FTSE 250 unfolding Shoulder-Head-Shoulder reversal pattern
UK100 and UK250MID cfd levels.
FTSE 100 has broken support at 7,850 this morning trading below 55 daily Moving Average and is set for a test of key support 7,708.
A close below 7,700 next strong support is at around 7,451 just around the 200 daily Moving Average. RSI is at the time of writing below 40 thus in negative sentiment. If closing below 40 down trend is further confirmed indicating lower levels for FTSE 100
To reversed this bearish picture at close above 7,975 is needed.
FTSE 250 Shoulder-Head-Shoulder is unfolding after breaking below the Neckline. Followed by a break below support at 19,317. There is SHS downside potential to around 18,500 illustrated by the vertical arrows.
RSI is at the time of writing below 40 thus in negative sentiment. If closing below 40 down trend is further confirmed indicating lower levels for FTSE 100
To reverse this bearish picture a close above 20,123 is needed.
UK250MID cfd: Similar picture. . Finding support at the 100 daily Moving Average but downside potential to 18,468. To reverse the this bearish scenario a close above 20,093.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy