Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionBulls fight back with 7480 7450 7 …

Please or Register to create posts and topics.

Bulls fight back with 7480 7450 7418 support | 7570 7603 7636 resistance | Sanctions for Russia

#1 · 23rd February 2022, 9:37 am

Quote from Nick on 23rd February 2022, 9:37 am
FTSE 100 Analysis | Signals | Forecast | Prediction | FTSE 100 Outlook | Trading help

Global stock markets tumbled Tuesday while bonds and commodities rallied after Russian President Vladimir Putin ordered troops into the breakaway regions of eastern Ukraine.

However, the FTSE 100 swung back to the green, closing 0.1pc higher at 7,494.

Russia has warned European gas prices will more than double after Germany slammed the brakes on the Nord Stream 2 pipeline.

In a barbed response, former Russian President Dmitry Medvedev threatened a “brave new world” where Europeans would pay €2,000 for 1,000 cubic metres of natural gas.

Benchmark European prices are currently trading at around €79 euros per megawatt-hour, equal to about €830 euros per 1,000 cubic metres.

Germany had been reluctant to include Nord Stream 2 in sanctions as the move would hurt its own gas supplies. However, Chancellor Olaf Scholz said Russia had gone a step too far and the project should not be approved.

U.S. equity futures and Asian shares rose Wednesday as investors assessed Western sanctions against Russia amid the Ukraine standoff. Oil edged up, while gold dipped as haven demand eased.

S&P 500, Nasdaq 100 and European contracts climbed. Asian equities were bolstered by Chinese tech stocks. The mood was brighter than Tuesday, when the S&P 500 fell into a correction after sliding 10% from a January peak. A gauge of the dollar was steady.

U.S. President Joe Biden said Russia had started to invade Ukraine and announced steps targeting Russia’s sale of sovereign debt abroad and the country’s elites. Those moves stopped short of the devastating measures that had been threatened, though Biden warned the sanctions could be scaled up.

President Vladimir Putin has denied Russia intends to invade, but lawmakers have given him the green light to deploy troops to separatist-held regions.

Treasuries mostly fell and the yield curve flattened in the Wall Street session. There’s no cash trading in Asia due to a Japan holiday. Yields rose in Australia and New Zealand on the prospect of interest-rate hikes to fight inflation.

Sanctions Imposed
U.S. President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start of Vladimir Putin’s invasion of neighboring Ukraine. But the measures stopped short of the devastating steps that the U.S. and its allies have threatened. Biden also said he was sending additional troops to the Baltics in a move to defend NATO countries. Meanwhile, the fortunes of Russia’s super-rich have tumbled $33 billion this year, with the escalation in Ukraine poised to make that figure swell.

FTSE 100 live outlook prediction analysis for 23rd February 2022

Markets staged a bit of a recovery yesterday after the initial dip as the tanks rolled, with a potential delay to rate hikes being the catalyst (apparently). The FTSE100 is still holding up pretty well really, hovering around the 7500 level overnight. I am thinking that we will see an initial dip to start with today and then a climb to once again test the 7570 level, and possibly even the 7600 daily resistance area.

The 30m chart is looking fairly positive to start with, and the coral is green for support at the 7480 level, while we have the daily pivot just below this at 7464 as well. However, if it get bearish again today and with the news spinning things on its axis, thats a distinct possibility, we will likely see a slide down to the 7418 key fib level and possibly S1 at 7398.

The S&P seems to be playing around in a range between 4260 and 4400 for the moment, with 2 hour resistance at 4334 to start with today. Ergo we may well see a dip and rise play out on that today. Support at 4315 to start with, with 4294 below that.

Likewise a dip and rise on the Dax would fit quite well with a drop down to the daily pivot at 14616 and we also have the green 30m coral support line here on that as well. A break of the 14600 though and we will likely slide down to the key fib at 14526. There is potential for a rise towards the 14900 level though, and we have a couple of key resistance levels at 14870 and 14895 in play that would be good to test today.

Back to the FTSE100 and should the bulls push on then 7600 would appear to be the main target area. A break above this though (and I dont think we will get that today) then 7636 is R2 and could be tested. However that would all be a fairly convincing break above the 10d Raff channel which currently has the top at 7550. We may well see a stutter here then, if we do get a rise towards the 7600.

It always interesting seeing how the market reacts to major news, and the Russian "invasion" certainly kick started the bulls yesterday, with a decent rise from just below the 7380 support on the FTSE and the 4260 on the S&P. Markets will be hoping that we don't get a fuller escalation, and Russian forces stay in the bit that has had Russian influence for pretty much the last decade. I will leave political/military analysis alone though and just focus on the charts!

So, looking at a dip and rise again today in a similar pattern to yesterday. Watching 7480, 4315 and 14615 on the FTSE100, S&P500 and Dax40 respectively.

Good luck today.

Recommended Broker

IC Markets - 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!

Membership and Live Trading

If you would like more detailed analysis for FTSE 100, DAX, Gold and S&P, including the trades that I am looking to take myself, then please join my active members community.

What you get

Daily Analysis pre market open (sent around 7am each day) for FTSE, DAX, Gold and S&P.

Daily email pre market includes my trading plan for the day including ORDER levels, with stops and targets/limits

Telegram live trading room and webinar group membership for discussion and realtime trade updates

FTSE 100 Analysis | Signals | Forecast | Prediction | FTSE 100 Outlook | Trading help

Global stock markets tumbled Tuesday while bonds and commodities rallied after Russian President Vladimir Putin ordered troops into the breakaway regions of eastern Ukraine.

However, the FTSE 100 swung back to the green, closing 0.1pc higher at 7,494.

Russia has warned European gas prices will more than double after Germany slammed the brakes on the Nord Stream 2 pipeline.

In a barbed response, former Russian President Dmitry Medvedev threatened a “brave new world” where Europeans would pay €2,000 for 1,000 cubic metres of natural gas.

Benchmark European prices are currently trading at around €79 euros per megawatt-hour, equal to about €830 euros per 1,000 cubic metres.

Germany had been reluctant to include Nord Stream 2 in sanctions as the move would hurt its own gas supplies. However, Chancellor Olaf Scholz said Russia had gone a step too far and the project should not be approved.

U.S. equity futures and Asian shares rose Wednesday as investors assessed Western sanctions against Russia amid the Ukraine standoff. Oil edged up, while gold dipped as haven demand eased.

S&P 500, Nasdaq 100 and European contracts climbed. Asian equities were bolstered by Chinese tech stocks. The mood was brighter than Tuesday, when the S&P 500 fell into a correction after sliding 10% from a January peak. A gauge of the dollar was steady.

U.S. President Joe Biden said Russia had started to invade Ukraine and announced steps targeting Russia’s sale of sovereign debt abroad and the country’s elites. Those moves stopped short of the devastating measures that had been threatened, though Biden warned the sanctions could be scaled up.

President Vladimir Putin has denied Russia intends to invade, but lawmakers have given him the green light to deploy troops to separatist-held regions.

Treasuries mostly fell and the yield curve flattened in the Wall Street session. There’s no cash trading in Asia due to a Japan holiday. Yields rose in Australia and New Zealand on the prospect of interest-rate hikes to fight inflation.

Sanctions Imposed
U.S. President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start of Vladimir Putin’s invasion of neighboring Ukraine. But the measures stopped short of the devastating steps that the U.S. and its allies have threatened. Biden also said he was sending additional troops to the Baltics in a move to defend NATO countries. Meanwhile, the fortunes of Russia’s super-rich have tumbled $33 billion this year, with the escalation in Ukraine poised to make that figure swell.

FTSE 100 live outlook prediction analysis for 23rd February 2022

Markets staged a bit of a recovery yesterday after the initial dip as the tanks rolled, with a potential delay to rate hikes being the catalyst (apparently). The FTSE100 is still holding up pretty well really, hovering around the 7500 level overnight. I am thinking that we will see an initial dip to start with today and then a climb to once again test the 7570 level, and possibly even the 7600 daily resistance area.

The 30m chart is looking fairly positive to start with, and the coral is green for support at the 7480 level, while we have the daily pivot just below this at 7464 as well. However, if it get bearish again today and with the news spinning things on its axis, thats a distinct possibility, we will likely see a slide down to the 7418 key fib level and possibly S1 at 7398.

The S&P seems to be playing around in a range between 4260 and 4400 for the moment, with 2 hour resistance at 4334 to start with today. Ergo we may well see a dip and rise play out on that today. Support at 4315 to start with, with 4294 below that.

Likewise a dip and rise on the Dax would fit quite well with a drop down to the daily pivot at 14616 and we also have the green 30m coral support line here on that as well. A break of the 14600 though and we will likely slide down to the key fib at 14526. There is potential for a rise towards the 14900 level though, and we have a couple of key resistance levels at 14870 and 14895 in play that would be good to test today.

Back to the FTSE100 and should the bulls push on then 7600 would appear to be the main target area. A break above this though (and I dont think we will get that today) then 7636 is R2 and could be tested. However that would all be a fairly convincing break above the 10d Raff channel which currently has the top at 7550. We may well see a stutter here then, if we do get a rise towards the 7600.

It always interesting seeing how the market reacts to major news, and the Russian "invasion" certainly kick started the bulls yesterday, with a decent rise from just below the 7380 support on the FTSE and the 4260 on the S&P. Markets will be hoping that we don't get a fuller escalation, and Russian forces stay in the bit that has had Russian influence for pretty much the last decade. I will leave political/military analysis alone though and just focus on the charts!

So, looking at a dip and rise again today in a similar pattern to yesterday. Watching 7480, 4315 and 14615 on the FTSE100, S&P500 and Dax40 respectively.

Good luck today.

Recommended Broker

IC Markets - 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!

Membership and Live Trading

If you would like more detailed analysis for FTSE 100, DAX, Gold and S&P, including the trades that I am looking to take myself, then please join my active members community.

What you get

Daily Analysis pre market open (sent around 7am each day) for FTSE, DAX, Gold and S&P.
Daily email pre market includes my trading plan for the day including ORDER levels, with stops and targets/limits
Telegram live trading room and webinar group membership for discussion and realtime trade updates