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, ACG, Arrow, Delta Gold, Falconedge, Galantas, IQE, Kosmos, Kistos, Orcadian, Oracle Power, Star Energy, System1, Tullow, Vault, Wellnex.
Markets are digesting fresh geopolitical risk, with a mix of sharp reactions and clear technical setups. Below is a concise, trade-focused rundown of indices, crypto, commodities and a selection of small-cap charts that look actionable right now. Levels and timeframes reflect short-term targets—typically by the end of this month or into next month—so treat them as tactical ideas rather than long-term convictions.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market outlook — quick summary
Risk-off headlines have pulled major indices down but left tidy technical levels to watch for either dip-buy opportunities or deeper corrections. Momentum readings (RSI) and the 50/200-day moving averages remain the practical filters: look for RSI crossing back above 50 and closes above the 50-day as confirmation for recovery trades.
FTSE 100
Short-term pullback after geopolitical headlines. Key levels to watch:
- Immediate support: 10,745
- Worst-case (current target): 10,670
- Upside: rising trend channel top around 11,000 (punchy call by month-end)
DAX
Dropped about 2% but remains within the plan: dips to the 50-day are potential buys if confirmed.
- Today’s low to monitor: 24,650 (if it holds, a buy opportunity)
- 50-day resistance to reclaim: 24,800 (prefer an end-of-day close above here)
- Range top: 25,400
- Worst-case: 200-day at ~24,100
Dow
Market already pricing in risk; slipped below the 50-day.
- 50-day: 49,000 (need a daily close back above to get constructive)
- Support area: channel floor from November and the 200-day around 47,600
- Near-term upside if stable: 51,000 (RSI back above 50 would help conviction)
Cryptocurrency snapshot
Bitcoin
Weekend weakness mostly erased; still inside a falling trend channel.
- Recent support: 63,000
- Range top: 72,000
- Technical note: Lower high around 70,000 puts pressure on the rally—trend channel remains bearish until healed.
Ethereum
Holding up reasonably well around key support.
- Key floor: 1,900 (has flirted with 1,800)
- Upside target: 2,150
- RSI: 40, which leaves room for another dip toward 1,800; channel floor sits near 1,560 as a deeper risk level.
Commodities
Gold
Clear winner in risk-off flows. Broke through resistance and looks capable of a retest of recent peaks.
- Key breakout level: 5,240 (close above opened the next leg)
- Near-term targets: 5,595 (recent peak) and an upper channel near 5,800
- Trade bias: Bullish while above 5,250.
Crude oil
Strong bid since the turn of the year; buyers have been decisive.
- 50-day level that flipped to support: 58
- Short-term support around recent buys: 64
- Upside if momentum continues: break above falling channel ~69 targeting June resistance 77
Practical trading rules to follow here
- Confirm with the 50-day: Prefer entries after an end-of-day close above the 50-day moving average or a clear RSI 50+ rebound.
- Use price structure: Treat previous resistance turned support as logical stop areas (or use the 200-day for larger risk trades).
- Be mindful of gaps: Gaps can leave gaps-to-fill—use them as targets or caution zones depending on momentum.
- Timeframe matters: Many targets are short-term (end of month / next month). Scale and manage position size accordingly.
Markets can shift quickly. Keep these levels in your watchlist, combine them with your own risk rules, and let confirmations (RSI > 50, closes above moving averages) guide entries. More updates tomorrow.
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.
