Market Direction: Euro/Sterling above 78p Points to 83p Capita (CPI): Bullish Falling Wedge Capita can be quite fairly described as a second line FTSE 100 stock, but this does not mean it cannot be enjoyed as a decent charting/technical trading prospect. The present position on the daily chart underlines this idea given the way that…
Market Direction: Gold Support in the $1,260s Zone Burberry (BRBY): March Bull Trap Gap Reversal What still dominates the daily chart picture on Burberry is March’s bull trap gap reversal through the 200 day moving average. This is a relatively rare configuration, but one which can haunt a stock or market for months to follow.…
Market Direction: Sterling/Dollar Initial $1.45 Zone Support BT Group (BT.A): Island Reversal One of the plus points of keeping a regular eye out on the more popular FTSE 100 stocks is the way that one gets hints from the charting configuration to build up a greater idea than most of what is going on. This…
Market Direction: Dollar / Yen Initial Support towards 105 BAE Systems (BA.): A Trump Play? Of course, one of the keys of trading or investing in a technical way, or even otherwise, is to be aware of the ranges a stock or market may have. This is very much what we have in mind at…
Market Direction: WTI Crude above $42 Points to $48 Fresnillo (FRES): 1,320p 2015 Price Channel Target To use the old futures markets term, it can very well be said that the FTSE 100 contingent of the mining sector has been and remains in “limit up” mode. This is certainly seen on the daily chart of…
Market Direction: Gold Breakout towards $1,350 BT Group (BT.A): Range Trade Opportunity The bad news is that BT Group is raising landline costs, something which is all the more irksome for those who, like myself, are only interesting in an internet service rather than a phone line. The good news though, looks as though it…
Market Direction: Euro/Dollar $1.15 Back In Focus ITV (ITV): Initial Sub 220p Support Shares of ITV have been both interesting and difficult to get a handle on from a technical perspective over the recent past, with the latest gap to the downside underlining the issues facing those attempting to make money out of the price…
Market Direction: Crude Oil above $42 Suggests as High as $55 International Consolidated Airlines (IAG): Above 50 Day Line Targets 570p The usual message in charting is that the worse the trap, the bigger the subsequent move in the opposite direction. This is what we expect to see at International Consolidated Airlines, where there has…
Market Direction: Pound/Dollar above $1.45 Could Stretch to $1.50 BP (BP.): Above 200 Day Line Targets 410p Although it would be pleasant to suggest that Bob Dudley should be paid the multi millions in salary he had been wanting, if nothing else it is clear that in the wake of the Deepwater disaster and the…
Market Direction: Gold Back near $1,220 Support BAE Systems (BA.): Range Considerations What can be seen on the daily chart of BAE Systems currently is the way that it is possible to draw a mildly rising trend channel from as long ago as September last year. However, even without the extra annotation it is relatively…
