Zak Mir takes a charting look at some of the most closely followed small caps on the London Stock Exchange. Today’s charts are FTSE 100, DAX, Dow, Bitcoin, Ethereum, Gold, Crude, Atome, Botswana, Catenai, 80 Mile, Gfinity, Helix, Mendell, Prospex, Pulsar, Reabold.
Friday the 13th lived up to its reputation for jittery markets. Geopolitical tensions are keeping volatility elevated, so the technical picture is as much about surviving the noise as it is about chasing upside.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Below I pull together the key support and resistance levels across indices, crypto, commodities and a set of small-cap charts I’m watching. This is a trading-first take: levels, RSI signals and practical targets.
Major indices
FTSE 100
The index is trying to hold support to the right of 10,200. Short-term resistance sits around 10,300, with the important 50-day moving average near 10,356. RSI remains below neutral 50, so the easy case for bulls is an end-of-day close past the 50-day line. If that doesn’t happen the downside risk extends toward the channel floor around 10,140.
DAX
Price is attempting to find support above the channel floor near 23,000. The next obvious upside target is the 200-day moving average around 2,464. The RSI has shown a double bounce around the 30 level — a constructive sign — but momentum needs to carry to add conviction.
Dow Jones
The Dow has touched the floor of its rising trend channel. Intraday support is roughly in the 46,700–48,000 zone, with the 200-day moving average just below at about 46,440. RSI is oversold near 28, so a rebound is possible, but the 200-day remains the decisive level for the medium-term trend.
Crypto
Bitcoin (BTC)
Bitcoin has rallied through the 50-day on a short-term basis — that level sits close to 72,100. Immediate resistance is the top of the channel near 80,600. On the downside, look to 68,000 as intraday support. RSI is comfortably above 50, which supports the bullish case while price remains above that 50-day area.
Ethereum (ETH)
Ethereum is making encouraging moves but remains inside a falling trend channel and below the 50-day moving average. The 50-day sits near 2,171, with resistance on a pullback closer to 2,400. Key short-term support is the 2,000 area — staying above that keeps the recovery narrative intact.
Commodities
Gold
Despite heightened geopolitical risk, gold has not exploded higher. The top of the channel is near 5,320 (nominal resistance). The 50-day moving average sits around 4,948 and serves as the primary support zone. An end-of-day close below the 50-day would open the door to the channel floor from October near 4,750.
WTI Crude
Crude traded in the range I expected: roughly $88–$97 recently. Today looks a little softer; nominal resistance is around $96–$98 and support around $90. For the near term, think $90–$98 as the working range unless geopolitics dramatically re-prices the market.
Small-cap stock watch
These are chart-centric calls — watch the moving averages, gap zones and RSI behaviour. Targets are conditional on staying above the stated support levels.
- Atome — Strong day, up 19%. Gapped back into a rising trend channel and pushed through the 50 and 200-day area. 200-day is near 56p; a move toward 80p is plausible with follow-through.
- Botswana Minerals — Showing bullish RSI divergence (lower lows in price, higher RSI). A turnaround is likely; watch for an end-of-day close back through the 0.20p area for confirmation and upside toward 0.30p as a best-case.
- Catenai — Market liked the investment in Eludium. Sideways action above a rising 50-day; main resistance near 0.30p. A sustained close above that should open higher targets in the 0.40–0.50p area over time.
- 80 Mile — Bounced above a rising 50-day line with RSI back above 50. Old target near 1.14p is being revisited; next upside potential towards 1.66p if momentum holds.
- Gfinity — Rebounded and looking constructive. 200-day is the first target near 0.06p; best-case near 0.09p while staying above recent support around 0.043p.
- HeLIX Exploration — The sector is in focus given supply tightness. One play has the top-of-channel near 37p with support 31p. Another helium-related name pulled back to prior targets and looks set to re-challenge the top; expect event-driven moves.
- Mendell Helium — Chart pushed back from an initial target; looking at a strong setup with rising 50/200-day lines and an RSI 50-plus rebound. A golden cross is forming, making a target near 9p achievable if momentum continues.
- Prospex Energy — Broke through the 200-day moving average for the first time in a while. 200-day near 3.9p, with a short-term upside target of 5p.
- Pulsar Helium — Gapped up and holding above the gap floor (85p). A gap reversal bear-trap was followed by a gap up — a bullish technical set-up. Look for the channel top around 110p, with extended targets higher if volume supports.
- Reabold — Positive funding news pushed price through recent resistance. Now trading above the filled-gap level (0.1p) with a carded target near 0.18p. Chart momentum looks punchy.
Practical trading notes
- Watch the moving averages: the 50-day and 200-day often define whether small-cap setups are bull-trend continuations or corrective bounces.
- RSI context matters: double bounces near 30 on indices suggest attempts to stabilise; RSI rebounds above 50 in small caps tend to correlate with follow-through.
- Gaps are important: holding above a gap floor is constructive; fills back below are cautionary.
- Keep risk tight: geopolitical events can blow through technicals, so position sizing and protective orders remain essential.
Bottom line
Price action is trying to recover across a number of markets, but the geopolitical backdrop keeps volatility elevated. For indices, the 50- and 200-day moving averages are the levels to respect. For crypto and commodities, watch the named support and resistance zones. On the small-cap front, pick the charts where moving averages and RSI line up and trade with clear stop levels. Chart work gives you the map; risk management decides whether you get there in one piece.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
