UK banks outperformed the benchmark for UK shares during the rout in global stock markets that began in October. UK bank share prices are down over the past two months, but by less than the FTSE 100 index.
Positive expectations for stress test results have played a role in limiting the damage to UK bank shares.
Bitcoin is in a bearish trend but has run into key 6000 support again
Scenario a) Price breaks above triangle consolidation to begin short term uptrend toward 7150
Scenario b) Price holds triangle top, possibly setting up major decline
Following daily trend lower with confirmation from bearish candle closing below 1220 support
Scenario A) play break lower to 1205
Scenario B) Price rebounds for second touch of 1220 before downside resumes to 1205
A bearish engulfing daily candlestick has confirmed the 20/50 DMA resistance zone
Scenario A) Wait for rebound up towards 74.50 and move off oversold conditions on 4hr chart
Scenario B) Follow 4hr trend lower as price breaks below 73