Pre Market Sentiment and Charts Influencing UK Markets 06:30 (3 mins read)
UK Futures suggest a firmer open +20 on cash close at 7618 after the US closed in green with the S&P up 1% and technically looking set to break north from a cup and handle reversal pattern (though below 200MA and in a strong downtrend!) : tech rallied 0.9% , DOW 0.8% in a broad rally with Energy outperforming significantly as oil prices move higher (see map) . Brent above $121 (chart) ,Sentiment improving with VIX 24 (see dashboard) : Gold and copper are sideways clinging to 200MAs (charts)
BRC Retail data released overnight show UK Retail sales fell -1.5% in May against expected +0.2%: this may counterbalance any cheer from the expected boost of the Jubilee weekend sales.
UK PMIs at 09.30 will give a read on the health of UK's Services sector in May along with the composite PMI.
- - US stocks close in green broad rally with energy up significantly and participation acrtoss most sectors - see map
- - Brent looks set to break north at $121 (see chart)
- - VIX drops to at 24 VSTOXX 23.6 - see dashboard
- - DXY- dollar index sideways 102 5- (see chart)
- - Copper hugs 200MA sideways building energy (see chart)
- - Gold back below $1850 holding 200MA (see chart)
Charts - click to open to full size
Market Dashboard
FTSE 100 Futures
US Stockmap Close
Gold Chart
DXY Chart
Brent Oil Chart
Copper Chart
RNS Highlights Pre Market ECR, ATM on Results
M on Resutls
Take Partial Profit : PTAL +47% Profit : Hold SQZ +11%
recent trades posted on RPG
PTAL 40.5p here took additional profitsat 59.4p to cover costs of capital and book partial profits letting the remainder run risk free: from entry that is +47%
: parabolic moves are difficult to predicts but technicals are stretched and PTAL RSI is approaching 80 . This may well have room to run as the max historic RSI is 85, the 61p price is below the target of 93p so should be room to run
Fundamentals also excellent
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SQZ 261.4p here [stock_market_widget type="inline" template="generic" assets="SQZ.L" markup="{name} ({symbol}) {price} ({change_pct}){last_update}" style="font-size: small" api="yf"]
Added at 265.1 here average price of 262.6
Selling from Institutions and BP contributed to poor price action and dampened sentiment with signs of recovery: looks set to reach 300p
