UK Stock Market Analysis/Stock Pick of the Day for 29/12/2015

FTSE Technical Analysis

Stocks and Gilts rose, but prices for industrial metals and the US dollar retreated after the minutes of the US central bank's policy meeting were released overnight.

The initial reaction from many traders and economists to the Federal Reserve's minutes was that a December interest rate hike was now quite possible, but for some - especially the former - apparently not certain.

The FTSE 100 ended the day in green by 50 points at 6329. In the day market, if breach the support level of 6200 on downside after consolidation, then it can test the level of 6140 and the immediate Resistance level is 6260.  

Top Losers

Name	Close Price	Change %
TESCO PLC	150.9	1.31
BT GROUP	467.05	1.24
JOHNSON MATTHEY	2703	1.1
SAGE GRP	596	0.67
WPP	1538	0.65

Top Gainers

Name	Close Price	Change %
BP	365.95	1.54
ANGLO AMERICAN	328.05	1.45
OLD MUTUAL	181.7	1.45
MARKS & SPENCER	453.4	1.43
HAYS	148.3	1.3

Stock of the Day : BARCLAYS PLC

The Major trend of BARCLAYS PLC it is showing strentgh for buying If it crooses the resistance level then one can initiate buying position in the stock. If it crosses the level of 223 then it can test level for the target of 228 with the stop loss of 218

Barclays PLC

Technical Chart 

Stock is trading in a range and trading near the trend line. Breaking the resistance line will lead to upside movement. Stock is trading up the 50 DMA with positive bias.

Stock Technical Chart

Stock Technical Analysis/Forecast

RSI is trading near to 60.30 levels with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustained above the zero level line.

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Crude Oil Trading Technical Analysis for Today

Crude Oil Technical Analysis

Crude oil prices remained flat on Monday to close at $35.70 per barrel as it remained above its 2009 low and settled up a penny a barrel as trader's squared positions ahead of the January contract's expiration. Record high global oil production, more supplies to be expected from Iran and Libya will further suppress the market sentiments and exert downside pressure on oil supplies. On its 4 hourly chart, market is continue resist by SMA50, which indicate the strong bearish trend ans its RSI is sustaining in its selling zone indicating the upcoming bearish trend. MACD is also printing below its zero level. Crude oil prices is having strong resistance at $38.50 which is supported by EMA50, while support is seen neat the psychological level at $35.00.  On intra day basis Crude oil is looking bearish on charts for. One can go for sell position below the  level of $35.60. Trading volumes are expected to be thin in the coming trading session as many will be away from their desks for the Christmas and New Year holiday season.

Crude Oil Technical Chart

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  Commodities Support/Resistance for the day 

	R2	R1	S1	S2
GOLD	1111	1089	1066	1046
SILVER	14.64	14.42	13.96	13.78
CRUDE OIL	39.05	37.12	35.00	34.00
COPPER	2.1625	2.1444	2.0657	2.0165
NATURAL GAS	2.083	2.025	1.875	1.770
PLATINUM	904	885	856	832
PALLADIUM	603	561	537	523

EUR/GBP Technical Analysis as on Tuesday, December 01 2015

TECHNICAL ANALYSIS

EUR/GBP is primarily bearish on the charts and the currency pair is sustaining below the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 0.7050 and support at the level of 0.7000. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

FOREX INDICATORS

MACD is sustaining in its negative territory indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

TRADING STRATEGY 

EUR/GBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

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                          Currency Pairs Pivot Points

PAIR	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0512	1.0534	1.0552	1.0574	1.0592	1.0614	1.0632
GBP/USD	1.4929	1.4960	1.5009	1.5040	1.5089	1.5120	1.5169
USD/JPY	122.10	122.38	122.80	123.08	123.50	123.78	124.20
USD/CHF	1.0189	1.0221	1.0256	1.0288	1.0323	1.0355	1.0390
AUD/USD	0.7100	0.7134	0.7183	0.7217	0.7266	0.7300	0.7349
EUR/GBP	0.6956	0.6983	0.7001	0.7028	0.7046	0.7073	0.7091
USD/CAD	1.3222	1.3265	1.3308	1.3351	1.3394	1.3437	1.3480
NZD/USD	0.6447	0.6480	0.6538	0.6571	0.6629	0.6662	0.6720

Forex Signal : AUD/USD

Forex Signal : AUD/USD ( 4 HOURLY )

Technical Analysis :

AUD/USD is having bullish secondary trend on the charts. The pair is sustaining below the trend line after breakout and is consolidating at higher levels in its four hourly chart. Price is sustaining above 200 day SMA and 50 day SMA indicating the bullish trend in the pair. It is having an important resistance at the level of 0.7260 and support at the level of 0.7060. If it breaks its resistance level and sustains above it then we can expect it to show further bullish movement in the pair.

Forex Indicators:

MACD is supporting the upcoming bullish trend in the pair.

RSI is also sustaining in its buying zone indicating the upcoming bullish trend in the pair.

Trading Strategy: 

AUD/USD is looking bearish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.

PAIR	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0785	1.0880	1.0915	1.0972	1.1007	1.1065	1.1158
GBP/USD	1.5235	1.5320	1.5370	1.5407	1.5455	1.5493	1.5580
USD/JPY	1.2075	1.2100	1.2110	1.2125	1.2135	1.2150	1.2170
USD/CHF	0.9737	0.9817	0.9869	0.9897	0.9949	0.9977	1.0057
AUD/USD	0.7045	0.7118	0.7160	0.7190	0.7232	0.7262	0.7335
EUR/GBP	0.7093	0.7097	0.7100	0.7101	0.7104	0.7105	0.7109
USD/CAD	1.2835	1.2961	1.3009	1.3087	1.3135	1.3213	1.3339
NZD/USD	0.6443	0.6561	0.6608	0.6679	0.6726	0.6797	0.6915

UK Stock Market Overview Wednesday, October 21 2015

The UK Stock market declined on Tuesday as investors weighed remarks from the Bank of England's Ian McCafferty and US data.

McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, said that the BoE should begin raising rates now to ensure gradual and steady path.

The FTSE 100 ended the day in red by 8 points at 6345. In the day market, if cross the resistance level of 6450 on upside after consolidation, then it can test the level of 6550 and the immediate support level is 6300 .  

Stock to watch : BARCLAYS PLC

RECOMMENDATION SELL

TARGET 249

BARCLAYS PLC  is majorly showing strength for selling. If it breaks the support level then one can initiate selling position in the stock. If it breaks the level of 252 then it can test support level for the target of 249 with the stop loss of 255.

CHART FORMATION:-

Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 43 levels with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustained below the zero level line.

World Index Technical Analysis as on Thursday, October 08 2015

World Index Technical Analysis

European stocks edged higher on Wednesday. The benchmark Germany's DAX 30 gain 67.57 points higher to 9,970.40 and France's CAC 40 gain 6.70 and closed at 4,67.34. FTSE 100 also close at positive note 6,336.35 with net gain of 10.19 points. US markets rallied early on Wednesday, taking the lead from worldwide equity markets, the Dow Jones 30 hit its three month high level. The Dow Jones 30 gain 122.10 and closed at 16,912.29. The Nasdaq 100 was up by 42.80 points to 4,333.46 and the S&P 500 ended 15.91 points up at 1,995.83.

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World Index

Index	Value	Net Change
Dow30	16,912.29	+122.10
S&P500	1,995.83	+15.91
NASDAQ100	4333.46	+42.8
DAX 30	9,970.40	+67.57
FTSE100	6,336.35	+10.19
CAC 40	4,667.34	+6.70
Nikkei 225	18,151.46	-171.52
S&P/ASX200	5,212.60	+14.73
Hang Seng50	22,326.00	-189.76

Today's Chart: DAX 30

SUMMARY:

Major trend of DAX 30 is side on daily charts. It has accumulated strongly at the support of 9800 . It has breakout from triple bottom and now it is trading with neck line support of 9800. An upside movement in upcoming session is expected as it has also shown golden cross. Currently trading with support of 50 DMA and 200 DMA on hourly charts with bullish cross over of 50 DMA to its 200 DMA. On higher side it can test the level of 10,200, it manages to close above 9960. On lower side it has support level of 9800.

DAX30 Technical Chart

INDICATOR:

RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 25 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI .

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                                                           Pivot Points

Index	FTSE 100	DAX 30	CAC 40	Dow Jones30	S&P 500
R3	6458.4	10225.54	4789.69	17193.7	2009.99
R2	6427.3	10159.32	4759.99	17078.5	2000.81
R1	6381.9	10064.86	4713.67	16995.4	1990.36
PIVOT	6350.8	9998.64	4683.97	16880.2	1981.18
S1	6305.4	9904.18	4637.65	16797.1	1970.73
S2	6274.3	9837.96	4607.95	16681.9	1961.55
S3	6228.9	9743.5	4561.63	16598.8	1951.1

Index	Nasdaq 100	S&P/ ASX200	Hang Seng 50	Nikkei 225
R3	4421.01	5276.8	23467	18323
R2	4381.8	5248.4	22997.4	18323
R1	4357.63	5207.9	22756.6	18323
PIVOT	4318.42	5179.5	22287	18323
S1	4294.25	5139	22046.2	18323
S2	4255.04	5110.6	21576.6	18323
S3	4230.87	5070.1	21335.8	18323

Technical Analysis of World Indices for Tuesday, September 15 2015

European stocks ended mostly lower on Monday as soft Chinese data over the weekend. France's CAC 40 was down by 30.57 points to 4,518.15 and Germany's DAX 30 ended on flat note at 10,131.74 with minor gain of 8.18 points. FTSE 100 also close at negative note 6,084.59, with net loss of 33.17 points. US stocks retreated on Monday as investors remained jittery ahead of the all-important Federal Reserve meeting later this week. The Dow Jones 30 ending down by 62.11 points to 16,30.96. The Nasdaq 100 lost 16.06 points to 4,308.76 and the S&P 500 was also down by 8.02 points to 1,953.03. Asian markets are trading on mix today after disappointing China factory data fueled worries about the country's flagging economy. Hang Seng 50 is down by 43.90 points to 21,518, ASX200 is down by 43.90 points to 5,025.20. Nikkei 225 was only Index which manage to trade on positive note at 18,112.13 with net gain of 146.43 points.

Index	Value	Net Change
Dow30	16,370.96	-62.13
S&P500	1,953.03	-8.02
NASDAQ100	4,308.76	-16.6
DAX 30	10,131.74	+8.18
FTSE100	6,084.59	-33.17
CAC 40	4,518.15	-30.57
Nikkei 225	18,112.13	+146.43
S&P/ASX200	5,025.20	-71.27
Hang Seng50	21,518.00	-43.90

Pivot Points

Index	FTSE 100	DAX 30	CAC 40	Dow Jones30	S&P 500	Nasdaq 100	S&P/ ASX200	Hang Seng50	Nikkei 225
R3	6,288.9	10,350.3	4,669.94	16,557.6	1,976.09	4,372.38	5,193.1	22,056.0	18,650.5
R2	6,240.3	10,287.8	4,644.27	16,504.3	1,969.58	4,353.66	5,162.8	21,909.1	18,497.3
R1	6,162.5	10,209.8	4,596.49	16,437.6	1,961.30	4,331.21	5,129.6	21,735.5	18,231.5
PIVOT	6,113.9	10,147.3	4,570.82	16,384.3	1,954.79	4,312.49	5,099.3	21,588.6	18,078.3
S1	6,036.1	10,069.3	4,523.04	16,317.6	1,946.51	4,290.04	5,066.1	21,415.0	17,812.5
S2	5,987.5	10,006.8	4,497.37	16,264.3	1,940.00	4,271.32	5,035.8	21,268.1	17,659.3
S3	5,909.7	9,928.8	4,449.59	16,197.6	1,931.72	4,248.87	5,002.6	21,094.5	17,393.5

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Today's Chart: Dow Jones 30 ( 1 Hourly chart)

TECHNICAL ANALYSIS:

Major trend of Dow Jones 30 is side on daily charts. It has accumulated strongly at the support of 16,200 support. An upside movement in upcoming session is expected. It has been forming an ascending triangle and it has given closing above 50 DMA and 200 DMA on hourly charts. Appearance of golden cross of 50 DMA over 200 DMA would indicate good buying opportunity in this Index. On lower side it has support level of 16,100. On higher side if it managed to upside break out from 16,500 then it can test next resistance level of 16,800.

INDICATOR:-

RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 35 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI .