Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

21st Apr 2021. 7.47am

Regency View:

Morning Report – Wednesday 21st April

FTSE to open at 6,882 (+22 pts)

Wall Street posted its first back-to-back losses since March as the S&P retreated from all-time highs following a rise in global COVID-19 cases.

The bearish sentiment has continued into the Asian trading with Hong Kong’s Hang Seng and Japan’s Nikkei down nearly 2% on the session.

European stock futures are positive, but this represents a small bounce following yesterday’s heavy losses.

S&P 500-0.68%Bearish for UK stocks
Hang Seng-1.83%Bearish for UK stocks
Gold+0.37%Neutral for UK stocks
AUD/JPY-0.18%Neutral for UK stocks
US 10yr Yield+0.45%Neutral for UK stocks
Regency Risk Barometer Snapshot

We mentioned in yesterday’s Morning Report that the FTSE needed to hold above the broken resistance area at 6,961 in order to maintain the integrity of the market’s recent uptrend.

The market failed to do so and instead broke decisively below its ascending trendline – changing the short-term momentum dynamic from bullish to bearish.

In terms of support, there is short-term swing low support at 6,854, but given the change in momentum, we’d expect this to break. The next major support for the FTSE comes in at the 6,800 broken resistance / ascending trendline area.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Distrib. Fin. (DFCH)
Pennant International (PEN)
Wentworth Res. (WEN)
Interim Results
Carrs Group (CARR)
Trading Announcements
Antofagasta (ANTO)
BHP Group (BHP)
Quilter (QLT)
Rio Tinto (RIO)
UK Economic Announcements
(07:00) Producer Price Index
(07:00) Retail Price Index
(07:00) Consumer Price Index
International Economic Announcements
(12:00) MBA Mortgage Applications (US)
(15:30) Crude Oil Inventories (US)
Today’s Financial Diary

Don’t have a Regency account yet?

Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.

Create Account

Any Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital


This research is prepared for general information only and should not be construed as any form of investment advice.