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Possible rise towards 6930 today | low volatility | 6960 resistance above | 6885 6867 support

#1 · 14th April 2021, 9:12 am

Quote from Nick on 14th April 2021, 9:12 am
FTSE 100 live outlook prediction analysis for 14th April 2021
London’s markets were led fractionally into the green by the FTSE 250 on Tuesday, just about turning around Monday’s negative performance on the back of some individual company news. The benchmark FTSE 100 closed flat, having spent most of the afternoon in negative territory despite the news of Britain advancing to the next stage of its vaccination rollout.

Fresh economic data did little to boost sentiment, as it revealed a 0.4pc gain in UK gross domestic product in February, which fell short of the 0.6pc expected by economists. Meanwhile trade with the EU picked up slightly in the same month though marks a slower recovery than some Government figures predicted.
Separately also weighing on sentiment was the US’ announcement it was suspending the rollout of the Johnson & Johnson vaccine, sparking fears of a delay in an economic rebound.
Sterling, meanwhile, touched a two-month low against the dollar on the news that Andy Haldane, chief economist for the Bank of England, will leave the role later this year.
More money was pumped into stock funds over the past five months than during the previous 12 years, as investors bet big on a widespread recovery. Inflows to global equity funds hit $576bn since the autumn, easily topping the $452bn notched up over the 12-year bull run since the end of the financial crisis, according to Bank of America.
US shares have notched up a string of record highs during recent months, while the price of shares elsewhere in the world is near its highest level since 2005. The strong figures follow a run of broadly-improving growth data, which indicates the global economy has steadily returned to life after the disruption of last year.
In the UK, the mid-cap FTSE 250 hit a record high last week, but the blue-chip FTSE 100 is still languishing, having failed to recoup its losses from last spring despite hopes it would shake off a spell of underperformance. Analysts have pointed to phenomena such as the explosion in retail investing and the ascendance of novel, fast-growing assets such as cryptocurrencies as a sign the market is in need of a correction.
Fresh Record
Asian stocks look set to climb following gains in U.S. equities and bonds, as investors shrugged off a higher-than-forecast rise in U.S. inflation to focus on the path of the global recovery. Johnson & Johnson shares fell as a vaccine investigation kicked off into concerns about blood clotting, while rivals Moderna and Pfizer advanced. Treasuries extended gains on a successful sale of 30-year bonds and the U.S. dollar fell. Bitcoin jumped to an all-time high and the Nasdaq set a reference price of $250 for the direct listing of cryptocurrency exchange Coinbase.[Bloomberg]
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US & Asia Overnight from Bloomberg
Most Asian stocks climbed Wednesday following gains in U.S. equities and bonds, as investors shrugged off a higher-than-forecast rise in U.S. inflation to focus on the path of the global recovery.
Hong Kong’s benchmark rose and tech stocks lifted China, but shares dipped in Japan amid concerns a slow vaccine rollout will crimp activity. U.S. equity futures were steady following all-time highs for the S&P 500 and Nasdaq 100 indexes, as the White House said the U.S. inoculation campaign remains on track despite a pause in Johnson & Johnson doses amid health concerns.
Treasuries held a rally after a successful sale of 30-year bonds, which settled fears of poor demand sparking another bout of volatility. The U.S. dollar added to the prior session’s losses.
Asia’s credit markets steadied after coming under pressure as a sharp selloff in one of China’s largest bad-debt managers raised questions about other heavily leveraged borrowers. Tencent Holdings Ltd. is holding off marketing a planned dollar bond deal Wednesday, according to people familiar with the matter.
The latest data showing U.S. consumer prices rose more than expected last month have had little impact given the distortions surrounding the year-earlier collapse in price pressures. Investors still appear confident that the recovery remains on track with support from central banks and government spending.
FTSE 100 Outlook | Trading Signals | Forecast | Prediction | Analysis
We have been treading water (coiling!) for most of this week and it looks like we might get one more push higher before a bit of a cooling - a rise and dip to play out today would fit the charts well as the 2 hour FTSE 100 chart is bearish with 6925 are as decent resistance. That may well tie in with the S&P hitting the 4162 fib level, and just above R1 at 4155 and below R2 at 4171. The Dax also has decent resistance at 15345.
To start with the 30m FTSE chart is fairly positive with a cluster of supports at the 6885 area, namely the daily pivot, 25ema, coral and 200ema. A hold of this to set ups. rise towards that resistance level would be good.
If the bulls were to break above the 6930 level then we may well see a retest of the 6960 recent high area, and we still have the round number at 7000 above that. The markets could do with a dip and then a further rise though, especially on the FTSE which as been lagging recently. Above 7000 then 7050 is currently the top of the Raff channels and I would expect a break of that to manage that, and probably even 7100.
For the bears, a break of the 6885 level will likely see a slide down to the S1 level of 6867 and we also have the cam break out short level here, so a move below this may well see some more sustained bearish pressure. That said, we would also be testing the bottom of the 10d Raff here, so a break of that would be fairly significant. The bottom of the 20d channel is at 6800 so a possible target for the bears.
Cautiously bullish initially expecting a rise and dip today, don't fall in love with the upside as they say!
Hopefully we get a bit more movement today compared to yesterday, volatility will return soon enough. Keep an eye on that 6925 area for main resistance today. Good luck!
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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.
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FTSE 100 live outlook prediction analysis for 14th April 2021

London’s markets were led fractionally into the green by the FTSE 250 on Tuesday, just about turning around Monday’s negative performance on the back of some individual company news. The benchmark FTSE 100 closed flat, having spent most of the afternoon in negative territory despite the news of Britain advancing to the next stage of its vaccination rollout.

Fresh economic data did little to boost sentiment, as it revealed a 0.4pc gain in UK gross domestic product in February, which fell short of the 0.6pc expected by economists. Meanwhile trade with the EU picked up slightly in the same month though marks a slower recovery than some Government figures predicted.

Separately also weighing on sentiment was the US’ announcement it was suspending the rollout of the Johnson & Johnson vaccine, sparking fears of a delay in an economic rebound.

Sterling, meanwhile, touched a two-month low against the dollar on the news that Andy Haldane, chief economist for the Bank of England, will leave the role later this year.

More money was pumped into stock funds over the past five months than during the previous 12 years, as investors bet big on a widespread recovery. Inflows to global equity funds hit $576bn since the autumn, easily topping the $452bn notched up over the 12-year bull run since the end of the financial crisis, according to Bank of America.

US shares have notched up a string of record highs during recent months, while the price of shares elsewhere in the world is near its highest level since 2005. The strong figures follow a run of broadly-improving growth data, which indicates the global economy has steadily returned to life after the disruption of last year.

In the UK, the mid-cap FTSE 250 hit a record high last week, but the blue-chip FTSE 100 is still languishing, having failed to recoup its losses from last spring despite hopes it would shake off a spell of underperformance. Analysts have pointed to phenomena such as the explosion in retail investing and the ascendance of novel, fast-growing assets such as cryptocurrencies as a sign the market is in need of a correction.

Fresh Record

Asian stocks look set to climb following gains in U.S. equities and bonds, as investors shrugged off a higher-than-forecast rise in U.S. inflation to focus on the path of the global recovery. Johnson & Johnson shares fell as a vaccine investigation kicked off into concerns about blood clotting, while rivals Moderna and Pfizer advanced. Treasuries extended gains on a successful sale of 30-year bonds and the U.S. dollar fell. Bitcoin jumped to an all-time high and the Nasdaq set a reference price of $250 for the direct listing of cryptocurrency exchange Coinbase.[Bloomberg]

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US & Asia Overnight from Bloomberg

Most Asian stocks climbed Wednesday following gains in U.S. equities and bonds, as investors shrugged off a higher-than-forecast rise in U.S. inflation to focus on the path of the global recovery.

Hong Kong’s benchmark rose and tech stocks lifted China, but shares dipped in Japan amid concerns a slow vaccine rollout will crimp activity. U.S. equity futures were steady following all-time highs for the S&P 500 and Nasdaq 100 indexes, as the White House said the U.S. inoculation campaign remains on track despite a pause in Johnson & Johnson doses amid health concerns.

Treasuries held a rally after a successful sale of 30-year bonds, which settled fears of poor demand sparking another bout of volatility. The U.S. dollar added to the prior session’s losses.

Asia’s credit markets steadied after coming under pressure as a sharp selloff in one of China’s largest bad-debt managers raised questions about other heavily leveraged borrowers. Tencent Holdings Ltd. is holding off marketing a planned dollar bond deal Wednesday, according to people familiar with the matter.

The latest data showing U.S. consumer prices rose more than expected last month have had little impact given the distortions surrounding the year-earlier collapse in price pressures. Investors still appear confident that the recovery remains on track with support from central banks and government spending.

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

We have been treading water (coiling!) for most of this week and it looks like we might get one more push higher before a bit of a cooling - a rise and dip to play out today would fit the charts well as the 2 hour FTSE 100 chart is bearish with 6925 are as decent resistance. That may well tie in with the S&P hitting the 4162 fib level, and just above R1 at 4155 and below R2 at 4171. The Dax also has decent resistance at 15345.

To start with the 30m FTSE chart is fairly positive with a cluster of supports at the 6885 area, namely the daily pivot, 25ema, coral and 200ema. A hold of this to set ups. rise towards that resistance level would be good.

If the bulls were to break above the 6930 level then we may well see a retest of the 6960 recent high area, and we still have the round number at 7000 above that. The markets could do with a dip and then a further rise though, especially on the FTSE which as been lagging recently. Above 7000 then 7050 is currently the top of the Raff channels and I would expect a break of that to manage that, and probably even 7100.

For the bears, a break of the 6885 level will likely see a slide down to the S1 level of 6867 and we also have the cam break out short level here, so a move below this may well see some more sustained bearish pressure. That said, we would also be testing the bottom of the 10d Raff here, so a break of that would be fairly significant. The bottom of the 20d channel is at 6800 so a possible target for the bears.

Cautiously bullish initially expecting a rise and dip today, don't fall in love with the upside as they say!

Hopefully we get a bit more movement today compared to yesterday, volatility will return soon enough. Keep an eye on that 6925 area for main resistance today. Good luck!

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

Keep up to date with new content, free sign up below

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