FTSE Fears UK Budget

by Ashraf Laidi

Apr 21, 2009 13:51

FTSE-100 outlook looks increasingly shaky as the index is dragged by broadening UK concerns (tomorrows budget, unemployment, GDP and retail sales). Recall that FTSE-100 rose 20% from its March lows compared to 31% and 27% for the S&P500 and the Dow. Prolonged losses seen targeting 3,875 as early as today , which is the target from the current Head&Shoulder formation as well as the 38% retracement of the rally from the March lows to the April highs. Index attempts holding above 3,900 (55-day MA), but prolonged losses may intensify ahead of tomorrows event risk.

More Hot-Charts

• 

  Gold Channel ABC and D

  Jan 8, 2026 16:27 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...
• 

  EURUSD Next

  Jan 5, 2026 17:09 | by Ashraf Laidi
  If EURUSD holds Monday above 1.17, it will show a hammer candle, supported above the 100-day moving average.

• Gold Next Move

  Dec 26, 2025 15:32 | by Ashraf Laidi
  Will send detailed note on latest parameters to our WhatsApp Bdcst Group - سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات -   ..