FPG UK100 Market Report April 23, 2025

UK100 has shown a significant rebound after a sharp correction that previously pushed the price down to the major support zone near 7999.55. The index is currently trading around 8352.82, breaking back above the 8300 psychological level and indicating a potential medium-term recovery after a bearish breakdown.

Following the steep drop from the 8665.41 level, UK100 found solid support around 7999.55 and printed a strong bullish engulfing candle on the weekly chart, signaling a potential reversal. Bollinger Bands are widening, reflecting increased volatility, and price action has successfully crossed above the midline (20-period moving average), supporting the case for a technical rebound.

MACD (12,26,9) shows signs of recovery. Although a bullish crossover has not yet occurred, the histogram indicates waning bearish momentum, with the MACD line currently at 14.190 and the signal line at 92.988. The narrowing gap between both lines suggests growing bullish pressure and a possible crossover in the upcoming weeks.

Market Observation & Strategy Advice:

1. Resistance Levels: 8665.41 – Major resistance from previous highs. 8483.10 – Intermediate resistance aligned with the upper Bollinger Band.

2. Current Position: 8352.82 – Price is approaching resistance with strong bullish candles.

3. Support Level: 7999.55 – Key weekly support and the bottom of the March correction.

4. Momentum Indicators: MACD is showing bullish momentum recovery, though not yet confirmed by a crossover.

5. Strategy Advice:

• Buy on dips as long as price holds above 8300 with healthy volume.

• Short-term target: 8480–8500; mid-term potential retest of 8665.

• Stop loss: Below 8200 to protect against a false breakout.

• Monitor MACD crossover for confirmation of sustained bullish trend.

Market Performance:

Index Last Price % Change

S&P 500 5,287.73 +2.51%

Dow Jones 39,186.98 +2.66%

Today's Key Economic Calendar:

AU: S&P Global Services PMI Flash

DE: HCOB Manufacturing PMI Flash

UK: S&P Global Manufacturing PMI Flash

UK: S&P Global Services PMI Flash

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.