Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Technical Analyst, Saxo Bank
UK100 cfd: A break above 7,808 and uptrend is set to resume with potential to 7,975. Key support at 7,625 which is likely to be tested if UK100 breaks below 7,688
FTSE 250 seems range bound between 19K and 19,500 and could be range bound for some time.
Positive RSI sentiment and no divergence indicates FTSE 250 will resume uptrend. No strong resistance until around 20,048.
If FTSE 250 closes below 19K the Mid cap index has confirmed downtrend with potential down to around 18,250