The FTSE rallied in early European trade from a key level (5780) to retest yesterday's Futures open around the 5848 level. The structure / bias remains bearish in the short to mid term with uncertainties on a Brexit deal. 

Should this level hold we could see the FTSE dip again to daily lows again around the 5780 level. The bullish scenario remains uncertain with price heavy below the 5900 zone.

UK100


Subscribe to my analysis

The interpretation and use of the tradeing signals and market analysis generated by ogfx is at the sole discretion of the customer, subscriber, member or trader. OGFX and its owners shall not be responsible for any claims in losses directly consequential of any trading activity.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD battles 1.1900 amid buoyant risk appetite

EUR/USD is off the two-week highs, battling 1.19, as coronavirus vaccine optimism and easing US political uncertainty keeps risk assets better bid and the safe-haven dollar under pressure. Volatility may rise later Wednesday with the release of crucial US data.

EUR/USD News

Gold: Nears the 200-day SMA support

Gold is trading quite close to the widely-followed 200-day Simple Moving Average (SMA) of $1,797. The safe-haven metal is about to test the long-term SMA for the first time since March. A break below that support cannot be ruled out.

Gold news

GBP/USD drops below 1.3350 amid Brexit woes, eyes on Sunak

GBP/USD extends the drop below 1.3350 ahead of Wednesday’s London open. A lack of major data/events, as well as mixed clues for Brexit, weigh on the spot. UK’s Autumn Forecast Statement, US GDP and FOMC minutes in focus.

GBP/USD News

WTI rally continues despite large US inventory build

Oil has climbed to fresh multi-month highs, extending Tuesday's price gains as optimism emanating from potential coronavirus vaccines overshadows inventory build-up in the US. The API reports a large buildup of inventories in the weeke ended Nov. 20.

Oil News

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex Majors

Cryptocurrencies

Signatures