FTSE Apr back into its zone, May looking bearish, today’s rollover table, levels and comment.


FTSE Apr to May Rollover Ratio Table 17th April 2018




The FTSE was never comfortable in R1 and blatantly struggled the entire time it was above 7250.

In fact, it only ever got to within 26-points of testing the next level up, R2 at 7300, so not even half way it was that tough going.

Therefore, finding itself back almost dead centre of its zone is indicative of just wanting to see the back of this expiry we suspect.

The trouble is that this is rather early, so it could be tough to keep it inside the zone for so long, made all the harder we suspect because of how the expiry is shaping up over in the US.


Range:            7150  to  7250

Activity:          Very poor

Type:               Bearish



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The first look at May does not bring much comfort to April, or indeed for this expiry in itself.

The most obvious difference is the zone here is way down at 6950-7050.

At least it immediately goes to the R ratios below that, but the second most obvious aspect is that the highest it goes down here is just R2.

On the other side 7250 and 7300 are both levels of interest here as well.

Of course, a lot may change before next week, but as things stand May is looking like one for the bears.


Range:          7050  to  7250

Activity:        Average

Type:            Neutral



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April 17th, 2018 by