Inter- Market-Analysis
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FTSE traded way lower after hrs Friday.Good weekend to all
Wishing everyone a prosperous trading week
OK - so where are we?
Daily - break out above 7600 based on commods = Oil rally on Ukraine fears
Hawkish central banks have failed to deter oil rally = FTSE resilient
So next step ?
1. Ukraine de-escalation - game of chicken to finish and USA/Russia to back down = CHINA laughing and getting more powerful = Oil prices to fall = FTSE fall
2 . Iran oil released on market = Oil fall = FTSE fall
Basically its all about Oil for FTSE 100
10 mins - vulnerable after gap fill 7670
60 mins - bear flag
Daily -- 7600 must fall before we get bearish on FTSE
It's all about the gaps my friend ...We shall see if FTSE closes that gap overnight to trade higher at the open ?FTSE traded way lower after hrs Friday.
Not sure of the point posting out of date charts on a Sunday night !
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