Technical analysis for 13th November 2026
Global financial markets enter the final trading session of the week with a mixed outlook. European equities have demonstrated impressive resilience, while Wall Street continues to struggle with uncertainty surrounding artificial intelligence investment and the direction of US interest rates.
The DAX reached a new record high on Thursday, the FTSE 100 extended its recovery, and the S&P 500 finished lower following another volatile session for technology shares.
Asian markets have recovered overnight, with Japan's Nikkei and South Korea's KOSPI advancing, suggesting investors are becoming more selective rather than abandoning equities altogether.
However, stronger US Treasury yields, a rising dollar and uncertainty surrounding Nvidia's leadership have introduced fresh risks.
Today's most important scheduled event is the US Producer Price Index (PPI) at 13:30 GMT, which could influence expectations for the Federal Reserve's December interest-rate decision.
Yesterday's bullish momentum has weakened. The FTSE has fallen back below its daily pivot, and the 30-minute chart is showing a sequence of lower highs and lower lows. However, the daily chart remains relatively constructive, with the index trading above its 10- and 25-day EMAs. This suggests the current weakness may be a correction within a broader recovery rather than the start of a sustained bearish trend.
My prediction today is for an initial recovery attempt towards 10875/10880, followed by renewed selling towards 10823 and potentially 10793 if resistance holds.
The daily chart still supports the possibility of higher prices over the coming sessions, but the 30-minute chart suggests sellers currently have the advantage.
The key battleground today is 10,823 support versus 10875-10880 resistance. A sustained move above 10875 would weaken the immediate bearish outlook, while a break below 10823 would increase the likelihood of a decline towards 10793 and 10778.
For more more analysis including other markets please join...
Interested in how to start trading the FTSE 100? Frequently Asked Questions on Spread betting
Recommended Broker for trading - MT4/5, web and mobile
IC - offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!
Join my Membership for Trading Tips, Support and Resistance Levels with Live Trading
If you would like more detailed analysis for FTSE 100, DAX40, Gold and the S&P500, including the trades that I am looking to take myself, then please join my active members community.
Keep up to date with new website posts, free sign up below
