FTSE 100 Daily Technical Analysis & Setups

Wednesday 16 September 2026
Data: close Tue 15 Sep (latest scanner snapshot) · UKX 10,654 (-0.41%) · Futures: unavailable (see note)



MARKET OVERVIEW

FTSE 100 closed Tuesday 15 Sep at 10,654, down 44 points (-0.41%), after gaining 0.4% the session before. Two drivers did the damage: an oil shock that pushed Brent above $107-108 on Middle East supply fears, and weak UK labour data - payrolls fell 26,000 in August after a revised -19,000 in July, well worse than expected. The oil spike drove UK borrowing costs to levels last seen in 1998.

Futures note: I could not obtain a reliable FTSE futures print for this morning. Sources conflicted - one quoted a front-contract range of 10,816-10,868, which sits ~200 points ABOVE cash and is inconsistent with a FTSE future (high index dividend yield normally puts the contract at a discount to spot, not a large premium); another quoted a level dated to a weekday that does not match 16 September. Rather than guess, futures data is unavailable. Treat the 10,654 cash close as the reference. Brent has since eased back toward $100.7 (-0.5%), which should take a little pressure off the rates story.

Breadth was poor: of the 40 tracked names, 11 up, 1 flat, 28 down, average -0.49%. Trend split: 9 BULLISH, 8 MIXED, 23 BEARISH. This is an index being held up by a narrow oil and defence bid while the broad market leaks.

Event risk: Bank of England decision tomorrow, Thursday 17 Sep at 12:00 - expected to hold at 3.75%. Position sizing into that should be deliberate.



NOTABLE CHANGES (day-over-day)

BAE +3.40% - the standout. RSI surged 10.5 pts to 48.2, crossed ABOVE EMA200 and ABOVE POC, heavy volume rv=1.72, ADX 36.4. Week +5.72%, RSI week +22.1 pts. Defence bid on Middle East tension.

ULVR -1.18% - full breakdown. Crossed BELOW EMA20, EMA50 AND EMA200 in a single session, plus below POC. Now BEARISH (below all).

LSEG -3.23% - biggest faller. Closed exactly on the day low (8,200), MACD histogram -56.24, 29% off the 52-week high.

REL -2.57% - crossed BELOW EMA20 and EMA50 and below POC. RSI zone flipped Bull to Bear.

HSBA -2.15% - crossed BELOW EMA50 and below POC, RSI -7.4 pts, zone Bull to Bear. Heavy rv=1.45.

LGEN +1.48% - crossed ABOVE EMA20 and EMA50, MACD bullish crossover, RSI zone Bear to Bull (+5.5 pts). Now above all three EMAs.

ANTO -2.37% - crossed BELOW EMA200. Week -12.37%, the worst weekly performer on the board.

Volume anomalies: NWG rv=4.53 and LLOY rv=4.26 both traded on extreme relative volume without much price movement (+0.94% / -0.41%) - watch for follow-through. BARC rv=2.34, AV rv=2.40, IMB rv=2.13, BP rv=1.98 also heavy.



SECTOR HEATMAP

Defence +3.40% - BAE alone, on heavy volume.
Energy +1.78% - SHEL +1.97, BP +1.59. Both above all EMAs. The oil shock beneficiaries and the only genuinely strong sector block.
Insurance +0.74% - LGEN +1.48, ADM +1.36, AV +0.42, PRU -0.31.
Utilities +0.68% - SSE +0.91, NG +0.45, but both deeply oversold and below all EMAs.
Telecom +0.65% - VOD, sitting on its 52-week high.
Industrials/Other -0.02% - BNZL +0.31, CPG flat, SGE -0.15, RR. -0.25.
Pharma/Health -0.28% - AZN -0.31, GSK -0.03, HLN -0.50. Quiet.
Banks -0.95% - NWG +0.94 the only gainer; HSBA -2.15, BARC -1.71, STAN -1.44. Note the huge NWG/LLOY volume.
Staples -1.15% - DGE -2.07, IMB -1.45, ABF -1.34, ULVR -1.18, RKT -1.05. Broad and uniform selling.
Miners -1.61% - GLEN -2.54, ANTO -2.37, RIO -0.83, AAL -0.69. Weekly damage severe: ANTO -12.4%, GLEN -7.5%, AAL -7.3%, RIO -6.2%.
Media/Data/Services -1.64% - the worst block. LSEG -3.23, REL -2.57, EXPN -2.03, III -1.22, INF -1.13, RTO -0.73, WPP -0.54.

The rotation is clean and worth acting on: money moved out of miners, staples and data/services into oil, defence and insurance. Miners and Media/Data both saw multiple constituents fall together, which is sector-level distribution rather than stock-specific noise.



DAILY TECHNICAL SIGNALS

BULLISH - above all EMAs (9)
SHEL 3652.5 (+1.97%) · RSI 76.5 OVERBOUGHT · MACD+ · at 52w high · above POC · rv 0.66 thin
BP 580.3 (+1.59%) · RSI 70.5 OVERBOUGHT · MACD+ · -4.8% from 52w high · above POC · rv 1.98 heavy
VOD 131.2 (+0.65%) · RSI 73.5 OVERBOUGHT · MACD+ · -0.2% from 52w high · above POC
STAN 2266 (-1.44%) · RSI 57.3 · MACD+ · -2.8% from 52w high · above POC · RSI -6.4 pts
TSCO 479.5 (-0.29%) · RSI 58.7 · MACD+ · -7.9% · above POC
WPP 384.1 (-0.54%) · RSI 57.6 · MACD- · -6.9% · above POC
ADM 3888 (+1.36%) · RSI 53.0 · MACD- · -5.8% · above POC · crossed ABOVE EMA20 today
LGEN 294.3 (+1.48%) · RSI 51.9 · MACD+ · -7.5% · just below POC · RSI +5.5 pts NEW
CPG 3139 (0.00%) · RSI 52.6 · MACD+ · -16.2% · below POC · 5-day up streak

MIXED (
NWG 689.2 (+0.94%) · below EMA20, above EMA50, above EMA200 · RSI 49.8 · above POC · rv 4.53 EXTREME
AV 712.0 (+0.42%) · below EMA20, above EMA50, above EMA200 · RSI 49.4 · above POC · rv 2.40
SGE 1007 (-0.15%) · below EMA20, above EMA50, above EMA200 · RSI 47.6 · above POC
GLEN 576.0 (-2.54%) · below EMA20, above EMA50, above EMA200 · RSI 45.6 · above POC · RSI -5.8 pts
INF 893.2 (-1.13%) · below EMA20, above EMA50, above EMA200 · RSI 49.3 · crossed BELOW EMA20 today
AZN 12116 (-0.31%) · above EMA20, below EMA50, below EMA200 · RSI 51.1 · MACD+ · -23.0%
BATS 4223 (-0.64%) · above EMA20, below EMA50, below EMA200 · RSI 51.5 · MACD+ · -15.6%
GSK 1854 (-0.03%) · above EMA20, below EMA50, below EMA200 · RSI 48.8 · MACD bullish crossover

BEARISH - below EMA20 and EMA50, above EMA200 (7)
BAE 2006 (+3.40%) · RSI 48.2 (+10.5 pts) · above POC · crossed ABOVE EMA200 · rv 1.72 · RECOVERING
BNZL 2590 (+0.31%) · RSI 31.5 near oversold · rv 1.82
RR. 1420.2 (-0.25%) · RSI 38.8 · -10.5%
LLOY 108.9 (-0.41%) · RSI 41.5 · below POC · rv 4.26 EXTREME
AAL 3863 (-0.69%) · RSI 41.6 · crossed BELOW POC · rv 0.36 very thin
RIO 7147 (-0.83%) · RSI 37.3 · crossed BELOW POC · MACD -69.71
BARC 470.3 (-1.71%) · RSI 35.3 · below POC · rv 2.34
HSBA 1503.8 (-2.15%) · RSI 42.8 (-7.4 pts) · crossed BELOW EMA50 and POC

BEARISH - below all EMAs (15)
SSE 2333 (+0.91%) · RSI 41.8 · -18.4% · below POC · rv 0.55 thin
NG 1110 (+0.45%) · RSI 30.3 OVERSOLD · -22.3% · below POC
PRU 973.8 (-0.31%) · RSI 35.7 · -21.3% · 5-day down streak
HLN 340.5 (-0.50%) · RSI 38.2 · -18.2%
RTO 328.3 (-0.73%) · RSI 28.9 OVERSOLD · -35.2% · ADX 34.2 strong downtrend · near 52w low 326.9
RKT 5066 (-1.05%) · RSI 48.0 · crossed BELOW EMA20 and EMA50 and POC
ULVR 4641.5 (-1.18%) · RSI 47.5 · crossed BELOW EMA20, EMA50, EMA200 and POC
III 2599 (-1.22%) · RSI 35.1 · -42.2% from 52w high, the weakest on the board
ABF 1841 (-1.34%) · RSI 27.9 OVERSOLD · -22.0% · week -9.09%
IMB 2516 (-1.45%) · RSI 44.3 · MACD+ · crossed BELOW EMA20 · rv 2.13
DGE 1609 (-2.07%) · RSI 41.9 · crossed BELOW POC
EXPN 2800 (-2.03%) · RSI 45.8 · crossed BELOW EMA50 · rv 1.51 · -27.9%
ANTO 3501 (-2.37%) · RSI 36.5 · crossed BELOW EMA200 · week -12.37%
REL 2536 (-2.57%) · RSI 47.1 · crossed BELOW EMA20, EMA50 and POC · -29.2%
LSEG 8200 (-3.23%) · RSI 38.9 · MACD -56.24 · closed ON the low · -19.1%



TOP SWING SETUPS

1. SHEL - LONG (CONTINUING)
Entry: 3655 on break of 52w high · Stop: 3590 · T1: 3720 · T2: 3800 · R:R: 2.2
Above all EMAs, 5-day up streak, MACD histogram +15.74, closed at the 52-week high of 3652.5 and well above POC 3258.6. Stop is 1.0 ATR (61.87) below entry and sits under Camarilla S4 3604.5.
Caution: RSI 76.5 is overbought and rv 0.66 means this pushed to a new high on thin participation. That combination often precedes a pause. Size accordingly and do not chase above 3700.

2. BP - LONG (CONTINUING)
Entry: 582 · Stop: 570 · T1: 595 · T2: 609 · R:R: 2.3
Above all EMAs, well clear of POC 522.9, RSI 70.5 and crucially rv 1.98 - the move is backed by real volume, unlike SHEL. Stop below Camarilla S4 571.7. T2 is the 52-week high 609.4. The cleaner of the two oil trades on volume quality.

3. BAE - LONG (NEW today)
Entry: 2010 on reclaim of EMA20 · Stop: 1957 · T1: 2055 · T2: 2105 · R:R: 1.8
The strongest single-day reversal on the board. Crossed above EMA200 (1977.2) and above POC (1999.6) on rv 1.72 with RSI jumping 10.5 points and ADX at 36.4. Confluence is good: EMA200 and POC now stack as support just beneath price. Technically still classified BEARISH (below EMA20 2006.4 and EMA50 2023.9) - this is a recovery trade, and the trigger is a clean reclaim of EMA20. T1 is classic R2, T2 is R3.

4. LGEN - LONG (NEW today)
Entry: 295 on clearing POC · Stop: 290 · T1: 300.5 · T2: 305 · R:R: 2.0
Crossed above EMA20 and EMA50 in the same session with a MACD bullish crossover and RSI flipping Bear to Bull (+5.5 pts to 51.9). Now above all three EMAs. Price closed at 294.3, fractionally under POC 294.42 - clearing that is the trigger. Stop below Camarilla S4 290.1. Tight, well-defined risk.

5. LSEG - SHORT (CONTINUING)
Entry: 8195 · Stop: 8350 · T1: 8021 · T2: 7843 · R:R: 2.3
Below all EMAs with EMA20 8600 / EMA50 8690 / EMA200 8900 stacked bearishly overhead. Closed exactly on the session low of 8200, which is about as weak a close as exists. MACD histogram -56.24 and RSI 38.9 with room before oversold. T1 is classic S2, T2 is S3. Stop above Camarilla R4 8347.4.
Caution: rv 0.83 is below average, so conviction is moderate - widen stops or reduce size.



INTRADAY SETUPS

BAE - Camarilla breakout LONG
Entry: above 2012.78 (cam R1) · Stop: 1999 · T1: 2026.35 (cam R3) · T2: 2046.70 (cam R4) · R:R: 2.5
Price closed between cam S1 and cam R1, the classic coil. With yesterday's momentum, ADX 36.4 and heavy volume, a push through R1 should extend. Stop sits just under POC 1999.6.

SHEL - Camarilla range LONG (fade the dip)
Entry: 3628.51 (cam S3) · Stop: 3604 · T1: 3660.50 (cam R1) · T2: 3676.49 (cam R3) · R:R: 2.0
Close at 3652.5 sits between cam S1 3644.5 and cam R1 3660.5 - textbook Camarilla range day. Buy the pullback into S3 rather than chasing the high. Stop below cam S4 3604.5.

LLOY - Camarilla range SHORT
Entry: 109.18 (cam R1) · Stop: 109.74 (above cam R3) · T1: 108.06 (cam S3) · T2: 107.22 (cam S4) · R:R: 2.0
Below EMA20 111.14 and EMA50 110.94 and below POC 112.21. What makes this interesting is rv 4.26 - extreme volume with almost no price movement (-0.41%), which is usually distribution. Fade strength into R1. Tight stop required.

VOD - breakout LONG
Entry: above 131.45 · Stop: 129.69 (cam S4) · T1: 133.20 (R2) · T2: 134.95 (R3) · R:R: 2.0
The 52-week high 131.45 and Camarilla R1 131.45 are the same number - clean confluence. Above all EMAs, ADX 25.9, 4-day up streak. RSI 73.5 is overbought so this needs a decisive break, not a nibble.

LSEG - breakdown SHORT
Entry: below 8175.43 (cam S1) · Stop: 8249 (cam R2) · T1: 8126.30 (cam S3) · T2: 8052.60 (cam S4) · R:R: 1.7
Closed on the low, so any opening weakness through cam S1 continues the flush. The intraday expression of the swing short above.



KEY LEVELS DASHBOARD

SHEL 3652.5
Cam: S4 3604.51 · S3 3628.51 · S1 3644.50 || R1 3660.50 · R3 3676.49 · R4 3700.49
Classic: S3 3507.08 · S2 3536.17 · S1 3594.33 · P 3623.42 · R1 3681.58 · R2 3710.67 · R3 3768.83
EMA20 3463.51 · EMA50 3355.64 · EMA200 3137.05 · POC 3258.62
Prev H/L 3652.50 / 3565.25 · 52w H/L 3652.50 / 2553.77 · ATR 61.87

BP 580.3
Cam: S4 571.72 · S3 576.01 · S1 578.87 || R1 581.73 · R3 584.59 · R4 588.88
Classic: S3 554.30 · S2 559.50 · S1 569.90 · P 575.10 · R1 585.50 · R2 590.70 · R3 601.10
EMA20 548.23 · EMA50 535.78 · EMA200 508.42 · POC 522.86
Prev H/L 580.30 / 564.70 · 52w H/L 609.40 / 399.35 · ATR 15.44

BAE 2006.0
Cam: S4 1965.30 · S3 1985.65 · S1 1999.22 || R1 2012.78 · R3 2026.35 · R4 2046.70
Classic: S3 1882.67 · S2 1907.33 · S1 1956.67 · P 1981.33 · R1 2030.67 · R2 2055.33 · R3 2104.67
EMA20 2006.38 · EMA50 2023.92 · EMA200 1977.21 · POC 1999.63
Prev H/L 2006.00 / 1932.00 · 52w H/L 2360.00 / 1588.00 · ATR 48.88

LGEN 294.3
Cam: S4 290.12 · S3 292.21 · S1 293.60 || R1 295.00 · R3 296.39 · R4 298.48
Classic: S3 282.20 · S2 285.30 · S1 289.80 · P 292.90 · R1 297.40 · R2 300.50 · R3 305.00
EMA20 292.22 · EMA50 291.82 · EMA200 274.10 · POC 294.42
Prev H/L 296.00 / 288.40 · 52w H/L 318.10 / 229.10 · ATR 5.67

LSEG 8200.0
Cam: S4 8052.60 · S3 8126.30 · S1 8175.43 || R1 8224.57 · R3 8273.70 · R4 8347.40
Classic: S3 7842.67 · S2 8021.33 · S1 8110.67 · P 8289.33 · R1 8378.67 · R2 8557.33 · R3 8646.67
EMA20 8600.49 · EMA50 8690.38 · EMA200 8900.28 · POC 8621.13
Prev H/L 8468.00 / 8200.00 · 52w H/L 10140.00 / 6684.00 · ATR 263.44



BEARISH WARNINGS

Prioritised by freshness - these all broke yesterday, so they are the live risks.

ULVR - the most serious. Lost EMA20, EMA50 AND EMA200 in one session plus POC. A triple-EMA loss in a single day is capitulation behaviour, not drift. Now BEARISH (below all). Next support: S1 4610.8, S2 4580.2, 52w low 4068.

REL - lost EMA20 and EMA50 and POC on -2.57%, RSI zone Bull to Bear. Already 29.2% off the 52-week high. EMA200 at 2699 is now far overhead resistance.

RKT - lost EMA20 and EMA50 and POC. ADX only 8.8 so no trend conviction yet, but the structure has broken.

HSBA - lost EMA50 and POC on rv 1.45 with RSI dropping 7.4 points and flipping Bull to Bear. The largest bank in the index breaking down matters for index direction.

ANTO - lost EMA200. Week -12.37%, the worst on the board, RSI week -18.8 pts. Miners broadly distributing.

EXPN - lost EMA50 on rv 1.51 (heavy) and -2.03%. Now 27.9% off its high.

IMB and INF - both lost EMA20; IMB on heavy rv 2.13.

Already broken, still falling - avoid catching these:
III is 42.2% off its 52-week high, the weakest name tracked. RTO has RSI 28.9, ADX 34.2 and sits at 328.3 against a 52-week low of 326.9 - a strong, intact downtrend sitting on the low is not a bounce candidate until it proves otherwise. ABF RSI 27.9 and NG RSI 30.3 are oversold but both remain below all EMAs; oversold in a downtrend is not a buy signal on its own.

Watch the volume anomalies: NWG rv 4.53 and LLOY rv 4.26 with minimal price change. That much volume without movement resolves directionally, often sharply. Both are banks, and the sector is already soft.



EVENTS CALENDAR

Thursday 17 September, 12:00 - Bank of England rate decision. Widely expected to hold at 3.75%. This is the dominant event of the week. CPI was 2.6% in June against a 2% target, with the Bank's own projection peaking near 3.2% in Q4 2026. The oil spike has pushed gilt yields to 1998 levels, so any hawkish shift in language will hit rate-sensitive names - banks, housebuilders, utilities - hardest. Consider reducing overnight exposure into it.

Ongoing - Brent crude. The move above $107-108 on Middle East supply concern is what drove Tuesday's session, and the pullback to ~$100.7 is the single biggest swing factor for SHEL and BP, which are both currently overbought.

Ex-dividend this month - Admiral (ADM), Prudential (PRU) and Antofagasta (ANTO) are among the FTSE 100 names going ex-dividend during September. ADM is due to pay 70.5p per share on 2 October. Check the precise ex-date before holding any of these over - note ADM appears in the long setups above.

UK labour data - August payrolls -26,000 following a revised -19,000 in July. The deterioration is now a two-month trend and feeds directly into the MPC's thinking tomorrow.



DATA QUALITY NOTES

Scanner snapshot is the close of Tuesday 15 September; today's feed was empty at run time, which is expected pre-open. All levels are Tuesday's close - they are not live prices.

The webhook returned HTTP 500 across the whole site on the first attempts this morning and recovered within a few minutes. Worth knowing if the feed looks stale on a future run.

The feed's crossed-entry problem is still present: the latest timestamp on 15 Sep (21:32) carried US/NASDAQ tickers (BKNG, PANW, MU, LRCX, KLAC, ADI) mislabelled as ftse_scanner. Selection was done by FTSE constituent membership, not timestamp, and the two genuine 20:11 entries were merged for the full 40-name universe. CPG arrived quoted in pounds (31.39) and had all price fields scaled by 100 to 3139. All 40 EMA classifications were programmatically re-verified against close vs EMA20/EMA50/EMA200 with zero mismatches and no exact ties.

Not financial advice. Always DYOR. Capital at risk.

Monday 14 September 2026
Data: close Friday 11 September 2026 (latest scanner snapshot, 40 FTSE names) · UKX: 10,650.44 (+0.39%) · Futures: see note below


MARKET OVERVIEW

Data date. The webhook returned no entry for today, so this report is built on the close of Friday 11 September 2026. Every level below is Friday's. The UK market has not opened yet as of writing.

Friday's close. FTSE 100 finished at 10,650.44, up 0.39 percent on the session. UK stocks rebounded on a sharply softer oil price and an upside surprise in July GDP.

Futures. No reliable live FTSE futures print was obtainable this morning. Per house rules I am not guessing a number. The only quoted figure found was 9,893.0 on a FTSE 100 September 2026 contract page (expiry 18 Sep) - that is stale listed data, not a live quote, and sits roughly 757 points below cash, which is not a credible basis for a front-month expiring in four days. Treat it as unusable. Direction: Bloomberg's UK markets live blog for today is headlined "UK Stock Futures Rise as Oil Marches Higher", so the tone into the open is positive, led by energy. Contract-roll caveat applies - a far-dated FTSE contract trades below spot purely on the dividend discount and that is not a directional signal.

Macro drivers.
ONS July GDP came in at +0.4 percent month-on-month against consensus for flat, +1.6 percent year-on-year against +1.2 percent forecast. Services +0.4, construction +0.1, industrial production +0.2. That puts Q3 well above the Bank of England's 0.1 percent quarterly track. Trade deficit narrowed to 3.45bn pounds from 5.54bn.
BoE/Savanta inflation attitudes: one-year ahead expectations fell to 3.2 percent from 4.0 percent in May; two-year 2.9 percent, five-year 3.2 percent.
Oil: the IEA cut its 2026 demand forecast to a 2.5m bpd decline from 1.6m, and Brent fell about 3.5 percent on Friday to roughly 103.85-104.10. Overnight that has reversed - crude is bid again on Strait of Hormuz headlines, with Washington pledging "decisive measures" and Iran due to meet Gulf states in Oman over a temporary shipping arrangement.
Copper reversed hard from midweek record highs, which is the key read-across for the miners.

Data-quality note. Every one of the 40 names in this snapshot prints relative volume below 1.0 (highest is BAE at 0.92, mean roughly 0.42). A market-wide reading like that is not plausible as a genuine condition, so I am treating the rv field as unreliable in this snapshot and am not using it for per-name conviction. Assume normal-to-thin liquidity and size accordingly.


NOTABLE CHANGES (day over day)

TSCO - crossed BELOW EMA20, BELOW EMA50 and BELOW POC in one session. Fourth consecutive down day. The cleanest fresh breakdown on the board.
HSBA - crossed ABOVE EMA20, +1.31 percent, RSI +5.2 to 53.6. Caveat: MACD printed a bearish crossover the same day, so the signals conflict.
NWG - crossed ABOVE EMA20, +1.99 percent, RSI +7.8 to 53.6. Now above all three EMAs.
INF - crossed ABOVE EMA50, +2.01 percent, the biggest RSI jump on the board at +7.9 to 48.9.
AAL - crossed ABOVE EMA50, but still down 5.37 percent on the week with RSI down 14.3 points. A bounce inside a weekly downtrend.
ABF - fifth straight down day, -9.84 percent on the week, RSI collapsed 24.4 points to 25.6. Worst name in the universe by a distance.
LSEG - -2.63 percent Friday, RSI -6.1 to 38.2, closed one point off the session low. Below all three EMAs and below POC.
SHEL - fifth straight up day, RSI 69.3, closed 1.3 percent off its 52-week high.
AZN - MACD bearish crossover, below all three EMAs. CPG - crossed above EMA200 on a fifth up day, but by a single point, so treat that cross as marginal.


SECTOR HEATMAP

ENERGY - STRONGEST SHEL +0.31 (RSI 69.3, above all EMAs, 5-day up streak) · BP -0.17 on the day but +3.15 percent on the week, RSI 64.6, above all EMAs. Both well above POC. This is the only sector where both members are in a clean uptrend, and today's oil bid supports it.

BANKS - RECOVERING Broad bid Friday: NWG +1.99, BARC +1.66, LLOY +1.33, STAN +0.75, HSBA +1.31. STAN, NWG and HSBA are above all EMAs. But LLOY and BARC remain below EMA20 and EMA50 and below POC - the bounce has not repaired those two yet. BoE Thursday is the swing factor.

MINERS - MIXED GLEN +0.85 is the only one above all EMAs, and it just printed a MACD bearish crossover. AAL +0.20 reclaimed EMA50 but is -5.37 percent on the week. RIO +0.20 is below EMA20 and EMA50 with RSI down 15.6 points on the week. ANTO +0.64 below EMA20/50. Friday's copper reversal from record highs is the drag.

PHARMA / HEALTHCARE - WEAKEST AZN -0.19 (RSI 41.6, MACD bearish cross), GSK -0.23 (RSI 31.7), HLN -0.71 (RSI 29.4). All three below all three EMAs and all three below POC. A genuine sector-wide breakdown, not a single-name story.

DEFENSIVES / STAPLES - BEARISH ULVR -0.14 and DGE -0.16 both on five-day down streaks, RKT -1.07, IMB -0.12, TSCO -0.38 with a fresh triple breakdown. Only BATS +0.27 offers anything, and it is still below all EMAs.

SUPPORT SERVICES - BEARISH RTO -1.00 closed at a new 52-week low of 326.9, RSI 26.6, fifth down day. BNZL +0.23 with RSI 27.6. EXPN +0.32 but 28.2 percent off its high.

UTILITIES - BEARISH NG +0.12 (RSI 33.4, below all EMAs, well below POC 1204), SSE +0.04 (below EMA20/50).

MEDIA / INFO - SPLIT INF +2.01 reclaimed EMA50; REL -0.84 on a fifth down day; WPP -0.81; LSEG -2.63 breaking down.

DEFENCE - DIVERGENT RR. +1.71 but still below EMA20/50. BAE -1.33, RSI 29.3, below all three EMAs. Worth flagging that BAE is this weak while Middle East tension is the dominant headline - the market is not treating Hormuz as a defence-order catalyst.

INSURANCE - NEUTRAL AV +0.57, LGEN +0.35, ADM -0.16, PRU -0.08 on a fourth down day. Several of these have already gone ex-dividend this month.


DAILY TECHNICAL SIGNALS

Format: Ticker · Close · Day% · Trend (strict EMA test) · RSI · MACD · % from 52w high · vs POC

SHEL · 3544.00 · +0.31% · BULLISH above all EMAs · RSI 69.3 · MACD bullish · -1.3% · ABOVE POC
STAN · 2287.00 · +0.75% · BULLISH above all EMAs · RSI 62.4 · MACD bullish · -0.3% · ABOVE POC
VOD · 128.75 · +0.08% · BULLISH above all EMAs · RSI 70.0 · MACD bullish · -0.8% · ABOVE POC
BP · 564.15 · -0.17% · BULLISH above all EMAs · RSI 64.6 · MACD bullish · -7.4% · ABOVE POC
GLEN · 604.80 · +0.85% · BULLISH above all EMAs · RSI 57.7 · MACD bearish cross · -4.6% · ABOVE POC
HSBA · 1549.00 · +1.31% · BULLISH above all EMAs · RSI 53.6 (+5.2) · MACD bearish cross · -6.3% · ABOVE POC
NWG · 696.00 · +1.99% · BULLISH above all EMAs · RSI 53.6 (+7. · MACD bearish · -4.1% · ABOVE POC

WPP · 366.50 · -0.81% · MIXED below EMA20, above EMA50, above EMA200 · RSI 50.1 · MACD bearish · -11.2% · ABOVE POC
AAL · 3980.00 · +0.20% · MIXED below EMA20, above EMA50, above EMA200 · RSI 46.6 · MACD bearish · -8.5% · ABOVE POC
AV · 707.60 · +0.57% · MIXED below EMA20, above EMA50, above EMA200 · RSI 46.4 · MACD bearish · -4.5% · ABOVE POC
ADM · 3780.00 · -0.16% · MIXED below EMA20, above EMA50, above EMA200 · RSI 43.7 · MACD bearish · -8.4% · ABOVE POC
INF · 892.00 · +2.01% · MIXED below EMA20, above EMA50, above EMA200 · RSI 48.9 (+7.9) · MACD bearish · -10.8% · BELOW POC

TSCO · 465.02 · -0.38% · BEARISH below EMA20/50, above EMA200 · RSI 48.5 · MACD bullish · -10.7% · BELOW POC (crossed below today)
CPG · 3100.00 · +0.13% · BEARISH below EMA20/50, above EMA200 · RSI 48.3 · MACD bullish · -17.3% · BELOW POC
ANTO · 3795.00 · +0.64% · BEARISH below EMA20/50, above EMA200 · RSI 46.5 · MACD bearish · -15.2% · BELOW POC
LLOY · 110.55 · +1.33% · BEARISH below EMA20/50, above EMA200 · RSI 45.9 (+5.4) · MACD bearish · -6.2% · BELOW POC
BARC · 492.40 · +1.66% · BEARISH below EMA20/50, above EMA200 · RSI 45.8 (+6.2) · MACD bearish · -8.5% · BELOW POC
RIO · 7379.50 · +0.20% · BEARISH below EMA20/50, above EMA200 · RSI 45.7 · MACD bearish · -19.1% · ABOVE POC
SSE · 2365.00 · +0.04% · BEARISH below EMA20/50, above EMA200 · RSI 45.0 · MACD bearish · -17.3% · BELOW POC
RR. · 1454.40 · +1.71% · BEARISH below EMA20/50, above EMA200 · RSI 44.2 (+5.1) · MACD bearish · -8.3% · BELOW POC
LGEN · 287.00 · +0.35% · BEARISH below EMA20/50, above EMA200 · RSI 42.1 · MACD bearish · -9.8% · BELOW POC
SGE · 961.80 · -1.84% · BEARISH below EMA20/50, above EMA200 · RSI 37.3 · MACD bearish · -18.6% · ABOVE POC
BNZL · 2578.00 · +0.23% · BEARISH below EMA20/50, above EMA200 · RSI 27.6 · MACD bearish · -10.9% · BELOW POC

EXPN · 2788.00 · +0.32% · BEARISH below all EMAs · RSI 44.2 · MACD bearish · -28.2% · ABOVE POC
RKT · 5004.00 · -1.07% · BEARISH below all EMAs · RSI 44.0 · MACD bearish · -23.2% · BELOW POC
BATS · 4103.00 · +0.27% · BEARISH below all EMAs · RSI 42.7 · MACD bullish cross · -18.0% · BELOW POC
AZN · 11736.00 · -0.19% · BEARISH below all EMAs · RSI 41.6 · MACD bearish cross · -25.4% · BELOW POC
REL · 2473.00 · -0.84% · BEARISH below all EMAs · RSI 40.7 · MACD bearish · -31.0% · BELOW POC
ULVR · 4552.50 · -0.14% · BEARISH below all EMAs · RSI 39.1 · MACD bearish · -17.6% · BELOW POC
DGE · 1600.00 · -0.16% · BEARISH below all EMAs · RSI 38.5 · MACD bearish · -16.0% · BELOW POC
IMB · 2485.00 · -0.12% · BEARISH below all EMAs · RSI 38.5 · MACD bullish cross · -25.6% · BELOW POC
LSEG · 8288.00 · -2.63% · BEARISH below all EMAs · RSI 38.2 (-6.1) · MACD bearish · -18.3% · BELOW POC
III · 2642.00 · +0.38% · BEARISH below all EMAs · RSI 37.8 · MACD bearish · -41.2% · BELOW POC
PRU · 979.20 · -0.08% · BEARISH below all EMAs · RSI 36.9 · MACD bearish · -20.9% · BELOW POC
NG · 1129.82 · +0.12% · BEARISH below all EMAs · RSI 33.4 · MACD bearish · -20.9% · BELOW POC
GSK · 1771.50 · -0.23% · BEARISH below all EMAs · RSI 31.7 · MACD bearish · -22.4% · BELOW POC
HLN · 333.80 · -0.71% · BEARISH below all EMAs · RSI 29.4 · MACD bearish · -19.8% · BELOW POC
BAE · 1898.00 · -1.33% · BEARISH below all EMAs · RSI 29.3 · MACD bearish · -19.6% · BELOW POC
BNZL see above · RTO · 327.90 · -1.00% · BEARISH below all EMAs · RSI 26.6 · MACD bullish cross · -35.3% · BELOW POC · at 52w LOW
ABF · 1845.50 · -0.78% · BEARISH below all EMAs · RSI 25.6 (week -24.4) · MACD bearish · -21.8% · BELOW POC

Verification: all 40 EMA classifications were re-checked programmatically against close vs EMA20, EMA50 and EMA200. Zero mismatches. No exact-equal edge cases. Tally: 7 bullish above all EMAs, 17 bearish below all EMAs, 11 below EMA20/50 but above EMA200, 5 mixed. CPG required the pence-scale correction (quoted in pounds, all price fields multiplied by 100).


TOP SWING SETUPS

1. SHEL LONG - CONTINUATION
Entry: above 3572 · Stop: 3482 · T1: 3662 · T2: 3752 · R:R: 1:2
Break of Friday's 3571 high. Strongest trend on the board: above all three EMAs (20 at 3428, 50 at 3334, 200 at 3127), RSI 69.3, fifth consecutive up day, closed only 1.3 percent below the 52-week high of 3591.5. Sitting 312 points above POC at 3231.6 - the value area is a long way below, which means no overhead supply between here and the high. Risk of 90 is 1.5 ATR. CONTINUING setup, now confirmed by today's firmer crude on Hormuz headlines. Watch RSI near 70 - this is an extended entry, not a fresh one.

2. STAN LONG - 52-WEEK HIGH BREAKOUT
Entry: above 2295 · Stop: 2223 · T1: 2367 · T2: 2439 · R:R: 1:2
Closed at 2287 against a 52-week high of 2293 - within 0.3 percent, the tightest coil in the universe. Above all three EMAs, RSI 62.4, MACD bullish, and 135 points clear of POC at 2151.8. The stop at 2223 sits directly on EMA20 (2223.46), so structure and the 1.5 ATR risk of 72 agree exactly - good confluence. CONTINUING, and a genuine breakout trigger rather than a chase. Sensitive to Thursday's BoE.

3. BP LONG - TREND CONTINUATION
Entry: above 570.5 · Stop: 547 · T1: 594 · T2: 617.5 · R:R: 1:2
Best weekly performer in the FTSE cohort at +3.15 percent with RSI up 6.6 points to 64.6, and it achieved that in a week when Brent fell 3.5 percent. Above all three EMAs and 45 points above POC at 518.7. Entry is a break of Friday's 570.3 high, risk of 23.5 is 1.5 ATR, and EMA20 at 542 gives a second line of defence below the stop. CONTINUING. Today's crude bid is the direct catalyst. T2 sits just above the 52-week high of 609.4, so expect friction there.

4. LSEG SHORT - FRESH BREAKDOWN
Entry: below 8280 · Stop: 8655 · T1: 7905 · T2: 7530 · R:R: 1:2
Dropped 2.63 percent Friday and closed at 8288 against a session low of 8282 - closing on the low is the tell. Below all three EMAs (20 at 8665, 50 at 8722, 200 at 8912), below POC at 8606, RSI fell 6.1 points to 38.2 with room before oversold. Down 4.87 percent on the week. The stop at 8655 tucks just under EMA20 at 8665. Risk of 375 is 1.5 ATR - this is a wide, expensive instrument, so size down. NEW - the breakdown leg triggered Friday.

5. TSCO SHORT - TRIPLE BREAKDOWN
Entry: below 464.5 · Stop: 478 · T1: 451 · T2: 437.5 · R:R: 1:2
The single cleanest new signal in the data. In one session it crossed below EMA20 (466.6), below EMA50 (466.9) and below POC (465.48) - three levels stacked within 1.5 points of each other, so that cluster now becomes resistance. Fourth consecutive down day, RSI 48.5 with a full 20 points of downside before oversold, weekly RSI down 8.8. Entry below Friday's 464.8 low, stop 478 above the EMA cluster, risk 13.5 is 1.5 ATR. NEW. Note MACD is still marginally bullish (+0.57 vs -0.42) - that is the one signal against, and it should roll over within a session or two if the breakdown is real. EMA200 at 457.85 is the first real support and sits just above T1.


INTRADAY SETUPS

1. HSBA - CAMARILLA RANGE LONG
Direction: LONG · Entry: 1542 · Stop: 1533.5 · T1: 1551.5 · T2: 1556.5
The best confluence on the board. Camarilla S3 is 1541.54 and EMA20 is 1541.22 - two independent levels within a third of a point. Price closed at 1549, above both, and only crossed back above EMA20 on Friday. Classic S3 fade: buy the retest, stop below Camarilla S4 at 1534.07, target Camarilla R1 at 1551.49 then R3 at 1556.46. Risk 8.5 for 9.5 to 14.5. Invalidated on a close below 1534.

2. NWG - PIVOT BOUNCE LONG
Direction: LONG · Entry: 694 · Stop: 687.5 · T1: 700 · T2: 702
Classic pivot is 693.73 with EMA20 just beneath at 691.32 and POC at 678.58 further below - a layered support shelf. NWG gained 1.99 percent Friday and reclaimed EMA20, so a pullback into the pivot is the low-risk re-entry rather than chasing 696. Stop below Camarilla S4 at 688.08. Target Camarilla R3 at 699.96, then classic R1 at 702.07. Risk 6.5 for 6 to 8.5.

3. SHEL - CAMARILLA BREAKOUT LONG
Direction: LONG · Entry: above 3564 · Stop: 3538 · T1: 3583 · T2: 3591.5
Camarilla R3 is 3563.53 - a clean break above it is the standard breakout trigger, and here it is reinforced by the strongest daily trend in the universe plus a bid crude tape. Stop at the classic pivot 3538.33. T1 is Camarilla R4 at 3583.05, T2 is the 52-week high at 3591.5. Risk 26 for 19 to 27, so this is a scalp-grade R:R - take T1 mechanically. If price opens above 3583 do not chase; wait for the retest.

4. LSEG - CAMARILLA BREAKDOWN SHORT
Direction: SHORT · Entry: below 8234 · Stop: 8271 · T1: 8181 · T2: 8155
Best intraday risk-reward on the board. Camarilla S3 at 8234.65 is the breakdown trigger. Stop above Camarilla S1 at 8270.22 - tight because the level is well defined. T1 is Camarilla S4 at 8181.30, T2 is classic S2 at 8154.67. Risk 37 for 53 to 79, better than 1:2 on both targets. Aligns with the daily short above. Only take it on a decisive break; LSEG closed one point off its low, so a gap-down open below 8234 needs a retest rather than a market entry.

5. RTO - 52-WEEK LOW BREAKDOWN SHORT
Direction: SHORT · Entry: below 326.6 · Stop: 328.8 · T1: 325.5 · T2: 321.7
RTO closed at 327.9 and its 52-week low of 326.9 is Friday's low - the stock finished the week at the bottom of its annual range. Camarilla S3 at 326.69 sits immediately under it, so one trigger clears both. Stop above Camarilla R2 at 328.71. T1 Camarilla S4 at 325.48, T2 classic S3 at 321.70. Risk 2.2 for 1.1 to 4.9 - skip T1 and run for T2, otherwise the reward does not justify it. Caution: RSI is 26.6 and MACD has just printed a bullish crossover, so this is a momentum short into oversold conditions. Reduced size.


KEY LEVELS DASHBOARD

SHEL Close 3544.00
Cam: S4 3504.95 · S3 3524.48 · S1 3537.49 || R1 3550.51 · R3 3563.53 · R4 3583.05
Classic: S3 3434.67 · S2 3467.33 · S1 3505.67 · Pivot 3538.33 · R1 3576.67 · R2 3609.33 · R3 3647.67
EMA20 3428.39 · EMA50 3333.51 · EMA200 3127.27 · POC 3231.59
Prev H/L 3571 / 3500 · 52w H/L 3591.50 / 2553.77 · ATR 59.83

STAN Close 2287.00
Cam: S4 2270.57 · S3 2278.79 · S1 2284.26 || R1 2289.74 · R3 2295.21 · R4 2303.43
Classic: S3 2238.84 · S2 2250.42 · S1 2268.71 · Pivot 2280.29 · R1 2298.58 · R2 2310.16 · R3 2328.45
EMA20 2223.46 · EMA50 2164.80 · EMA200 1902.18 · POC 2151.77
Prev H/L 2291.87 / 2262 · 52w H/L 2293.00 / 1351.50 · ATR 48.13

BP Close 564.15
Cam: S4 556.51 · S3 560.33 · S1 562.88 || R1 565.42 · R3 567.97 · R4 571.80
Classic: S3 543.03 · S2 549.72 · S1 556.93 · Pivot 563.62 · R1 570.83 · R2 577.52 · R3 584.73
EMA20 542.04 · EMA50 532.43 · EMA200 507.06 · POC 518.73
Prev H/L 570.30 / 556.40 · 52w H/L 609.40 / 399.35 · ATR 15.58

HSBA Close 1549.00
Cam: S4 1534.07 · S3 1541.54 · S1 1546.51 || R1 1551.49 · R3 1556.46 · R4 1563.93
Classic: S3 1507.48 · S2 1520.24 · S1 1534.62 · Pivot 1547.38 · R1 1561.76 · R2 1574.52 · R3 1588.90
EMA20 1541.22 · EMA50 1511.88 · EMA200 1344.82 · POC 1511.11
Prev H/L 1560.14 / 1533 · 52w H/L 1653.40 / 959.29 · ATR 29.92
Confluence: Cam S3 1541.54 sits on EMA20 1541.22. EMA50 1511.88 sits on POC 1511.11. Two double-levels - the strongest structure in the universe.

LSEG Close 8288.00
Cam: S4 8181.30 · S3 8234.65 · S1 8270.22 || R1 8305.78 · R3 8341.35 · R4 8394.70
Classic: S3 8027.33 · S2 8154.67 · S1 8221.33 · Pivot 8348.67 · R1 8415.33 · R2 8542.67 · R3 8609.33
EMA20 8665.16 · EMA50 8722.01 · EMA200 8912.17 · POC 8606.37
Prev H/L 8476 / 8282 · 52w H/L 10140.00 / 6684.00 · ATR 249.99


BEARISH WARNINGS

FRESH BREAKDOWNS - HIGHEST PRIORITY

TSCO 465.02 - crossed below EMA20, EMA50 and POC in a single session. Fourth down day. RSI 48.5 leaves 20 points of room before oversold, so the move has fuel. The 464.8-466.9 band is now resistance.
LSEG 8288 - fell 2.63 percent and closed a point off the low. Below all three EMAs, below POC, RSI 38.2 and falling. Worst single-day loser in the universe.

DEEPLY OVERSOLD, STILL FALLING

ABF 1845.50 - RSI 25.6, down 9.84 percent on the week with RSI down 24.4 points, fifth consecutive down day, below all three EMAs which are clustered at 1984-2011. 21.8 percent off its high. This is capitulation territory - do not short it here, but do not catch it either. Wait for a reclaim of 1900.
RTO 327.90 - new 52-week low. RSI 26.6, fifth down day, 35.3 percent off its high, EMA200 at 417.84 is 27 percent overhead. Structurally the weakest chart on the board.
BNZL 2578 - RSI 27.6, below EMA20 and EMA50 (both clustered near 2694), holding above EMA200 at 2517.81. That 2518 line is the last defence.
BAE 1898 - RSI 29.3, below all three EMAs, down 1.33 percent Friday. Notable that it is this weak while Hormuz is the lead headline.
HLN 333.80 - RSI 29.4, below all three EMAs, closed 2.0 points above the session low and 15.9 above its 52-week low of 317.8.

SECTOR-WIDE BREAKDOWN

PHARMA - AZN (RSI 41.6, fresh MACD bearish crossover), GSK (31.7) and HLN (29.4) are all below all three EMAs and all below POC simultaneously. AZN alone is 25.4 percent off its 52-week high and 752 points below its POC. Avoid long exposure to the whole sector until at least one reclaims its EMA20.

CONFLICTING SIGNALS - HANDLE WITH CARE

HSBA and GLEN both closed above all three EMAs but printed MACD bearish crossovers on the same day. Price says up, momentum says stalling. Use tighter stops on longs in both.
CPG crossed above EMA200 by exactly one point (3100 vs 3099) on rounded data. That is inside the noise - do not treat it as a confirmed cross.


EVENTS CALENDAR

Tuesday 15 September - UK labour market report, 07:00. Consensus looks for little change. Watch for any crack in a jobs market that has stayed resilient, plus early Autumn Budget effects. Direct read-across to the banks: LLOY, BARC, NWG, HSBA, STAN.

Wednesday 16 September - UK CPI, 07:00. Lands roughly 29 hours before the BoE decision, which makes it the single most consequential print of the week. Friday's BoE/Savanta survey showed one-year inflation expectations dropping to 3.2 percent from 4.0 percent, so the bar for a hawkish surprise has risen.

Thursday 17 September - Bank of England decision, 12:00. Bank Rate widely expected to hold at 3.75 percent, with the MPC likely to repeat July's 6-3 split. The real event is the annual QT vote: consensus is for another 50bn pounds off the gilt portfolio, with sales skewed away from long-dated gilts. Gilt curve reaction drives the banks and the life insurers (LGEN, AV, PRU).

Friday 18 September - UK retail sales, 07:00. The consumer read after a GDP beat driven by services. Matters for TSCO (already breaking down), ABF, and the consumer discretionary complex. Also quarterly futures and options expiry - expect elevated volume and level-pinning into the close.

Dividends - six FTSE 100 names go ex-dividend across September: Aviva, Admiral, Prudential, Antofagasta, Endeavour Mining and Lion Finance, together just over 3 percent of index weight. Aviva carries the highest forward yield of the group at 5.7 percent, with a 14p interim paying 15 October. Antofagasta went ex on a Thursday, paying 30.1 US cents on 30 September. Exact ex-dates within this week could not be confirmed from available sources - check before assuming a gap is technical.

Earnings - no scheduled results were found for any of the 40 tracked names this week. The week is macro-driven, not earnings-driven.

Ongoing - Strait of Hormuz. Gulf Cooperation Council diplomats are due to meet their Iranian counterpart in Oman over a temporary shipping arrangement. Any headline moves crude, and crude moves SHEL and BP, which are the two strongest charts in this report. A de-escalation headline is the main risk to both long setups.


Not financial advice. Always DYOR. Capital at risk.

Friday 11 September 2026
Data: close Thursday 10 Sep 2026 (latest scanner snapshot - no fresh feed for today yet) | UKX cash close: 10,811.66 (-10.47, -0.1%) | FTSE 100 futures: 10,839.2 (Investing.com, opened 10,821.8, range 10,816.0-10,868.0)



MARKET OVERVIEW

Futures at 10,839.2 sit roughly 27 points ABOVE Thursday's 10,811.66 cash close, so the implied open is modestly HIGHER. Bloomberg's London live blog this morning has UK stocks set to snap a five-day losing streak, which matches the futures premium. Contract-roll note: the number above is the front contract and is trading above cash, so there is no dividend-discount distortion to strip out here.

Macro drivers into the open:
- Oil near six-week highs as tit-for-tat US-Iran strikes on Strait of Hormuz shipping keep crude flows constrained. Energy is the clear leadership group.
- The inflation impulse from that has revived rate-hike pricing after Bailey's inflation warnings. Bond proxies (NG, SSE) and long-duration quality are being marked down.
- ONS monthly GDP for July, trade and industrial production landed at 07:00 today - the first hard data of the session.
- Copper reversed hard Thursday and a firmer dollar hammered the miners. That is the single biggest drag on the index.

Volume caveat: relative volume is uniformly low across the scanner universe (36 of 40 names below rv 0.60). Treat rv as a RELATIVE ranking, not absolute conviction. Only ABF (2.43) and SGE (1.28) traded genuinely heavy. Everything else moved on thin tape - widen stops accordingly.



NOTABLE CHANGES - DAY OVER DAY

ABF -7.97% to 1859 - the day's event. RSI collapsed 19.2 points to 26.6, crossed BELOW EMA50 AND EMA200 AND POC in a single session, on rv 2.43 (heaviest in the book). Q4 trading update: Primark like-for-like seen -3% for the quarter, dragged by -4.3% in continental Europe against +0.4% UK/Ireland; Sugar now tracking the upper end of its GBP 25-60m adjusted operating loss range on gas costs and weak EU sugar prices. Week -9.93%, four-day down streak. This is a fresh Stage 4 breakdown, not a dip.

ANTO -5.55% to 3776 - NEW breakdown. Crossed below EMA20 (3893.7), EMA50 (3851.5) and POC (3806.6) together, plus a MACD bearish crossover. RSI -9.7. Reversed the entire +4.7% gain of the prior session.

AAL -5.37% to 3951 - NEW. Crossed below EMA20 (4089.2) and is now marginally under EMA50 (3951.9) by less than a point. RSI -10.8. Week -5.25%.

RIO -3.08% to 7368 - NEW. Crossed below EMA20 (7522.3) and EMA50 (7391.6). RSI -11.8, the second-largest single-day RSI drop in the book.

GLEN -4.21% to 599.10 - RSI -13.1, the largest RSI drop after ABF. Still the only miner holding BULLISH above all three EMAs, but this is the first real crack.

HSBA -1.32% to 1528.80 - crossed BELOW EMA20 (1540.4) for the first time in this leg. Four-day down streak, RSI -15.9 points on the week. The UK bank complex is losing its lead name.

III -2.24% to 2640.50 - crossed BELOW POC (2657.7). Now -41.3% from its 52-week high, the worst drawdown in the universe.

IMB +1.43% to 2478 and BAE +1.19% to 1921 - the only meaningful positive RSI deltas (+6.5 and +5.1). IMB is bouncing off a 52-week low of 2437 with a MACD bullish crossover; BAE bounced off 1884 but its MACD histogram is still deeply negative at -26.11.



SECTOR HEATMAP

ENERGY - STRONGEST. BP +1.19, SHEL +0.68. Both BULLISH above all three EMAs. SHEL is 1.8% off its 52-week high, BP 7.5% off. Hormuz is doing the work.

TELECOMS - STRONG. VOD +1.46 to 128.65, BULLISH above all EMAs, RSI 69.8, sitting 0.7% below its 52-week high of 129.60. Caveat: rv 0.24, one of the thinnest tapes in the book.

TOBACCO - RECOVERING. IMB +1.43, BATS +1.34. Both still BEARISH below all three EMAs, both near 52-week lows (IMB 1.7% above, BATS 11.1% above). Oversold bounce, not a trend change.

MINING - WORST GROUP. ANTO -5.55, AAL -5.37, GLEN -4.21, RIO -3.08. Three of the four flipped below EMA20 and EMA50 on the same day - that is a co-ordinated sector event, not stock-specific noise. Copper reversal plus a firmer dollar.

STAPLES / RETAIL - WORST SINGLE NAME. ABF -7.97, ULVR -1.34 (four-day down streak, RSI -15.9 on the week), TSCO -0.35, DGE -0.03. ULVR, DGE and ABF are all BEARISH below all three EMAs.

BANKS - MIXED AND SPLITTING. STAN +0.35 is the only one BULLISH above all EMAs and it is 1.0% off its 52-week high. Against that, HSBA -1.32 just lost EMA20, BARC -0.74 and LLOY -0.41 are BEARISH below 20/50 but above 200, NWG -0.67 is MIXED (below EMA20, above EMA50 and EMA200). The divergence matters: a long in STAN is a bet against its own sector right now.

UTILITIES - WEAK ON RATE BETS. SSE -0.63 (BEARISH below 20/50, above 200), NG -0.53 (BEARISH below all, RSI 33.2, 20.9% off its high). NG has POC 1204.6 sitting almost exactly on EMA200 1204.1 - a thick overhead wall.

DATA / SUPPORT SERVICES - GRINDING LOWER. III -2.24, INF -1.53, BNZL -1.14, RTO -1.07, REL -0.44, SGE -0.38. Offsetting green in EXPN +0.98 and LSEG +0.23, but both remain BEARISH below all three EMAs.

INSURANCE - FLAT. ADM +0.37, AV +0.03, LGEN -0.56, PRU -1.46. PRU went ex-dividend on 10 September, which accounts for most of its fall.

PHARMA - MIXED. AZN +1.12 but still BEARISH below all three EMAs and 25.1% off its high. GSK -1.50, BEARISH below all, RSI 32.3. HLN +0.39, BEARISH below all, RSI 30.6, only 5.8% above its 52-week low.



DAILY TECHNICAL SIGNALS

Trend classification is a strict numeric comparison of close against EMA20, EMA50 and EMA200. All 40 classifications were re-checked programmatically - zero mismatches.

BULLISH - above all three EMAs (6)
VOD 128.65 (+1.46%) - RSI 69.8 - MACD bull - 0.7% off 52wH - above POC 115.0 - rv 0.24
SHEL 3528 (+0.68%) - RSI 68.0 - MACD bull - 1.8% off 52wH - above POC 3220.3 - rv 0.60
BP 563.75 (+1.19%) - RSI 64.8 - MACD bull - 7.5% off 52wH - above POC 517.9 - rv 0.55
STAN 2271 (+0.35%) - RSI 60.5 - MACD bull - 1.0% off 52wH - above POC 2149.0 - rv 0.35
GLEN 599.10 (-4.21%) - RSI 55.6 - MACD bull - 5.5% off 52wH - above POC 551.8 - RSI -13.1
TSCO 467.08 (-0.35%) - RSI 50.2 - MACD bull - 10.3% off 52wH - above POC 464.9 - rv 0.14

MIXED (4)
HSBA 1528.80 (-1.32%) - below EMA20 1540.4, above EMA50 1510.4, above EMA200 1342.8 - RSI 48.4 - fresh EMA20 loss
NWG 683.40 (-0.67%) - below EMA20 690.9, above EMA50 679.8, above EMA200 625.3 - RSI 45.8
ADM 3792 (+0.37%) - below EMA20 3874.8, above EMA50 3774.3, above EMA200 3444.0 - RSI 44.6
AV 705.00 (+0.03%) - below EMA20 717.3, above EMA50 699.2, above EMA200 658.9 - RSI 44.4
WPP 369.30 (-0.05%) - below EMA20 372.1, above EMA50 345.0, above EMA200 325.8 - RSI 51.6

BEARISH - below EMA20 and EMA50, above EMA200 (9)
SSE 2370 (-0.63%) - RSI 45.7 | NWG excluded (mixed)
RIO 7368 (-3.08%) - RSI 45.1 - NEW breakdown, RSI -11.8
ANTO 3776 (-5.55%) - RSI 45.6 - NEW, also lost POC, MACD bear cross
AAL 3951 (-5.37%) - RSI 45.3 - NEW, RSI -10.8
LLOY 109.20 (-0.41%) - RSI 40.5 | BARC 484.25 (-0.74%) - RSI 39.6
SGE 979.90 (-0.38%) - RSI 40.2 - five-day down streak, rv 1.28
RR. 1433.80 (-0.83%) - RSI 39.1 | LGEN 286.10 (-0.56%) - RSI 40.7
INF 872.80 (-1.53%) - RSI 41.0 - four-day down streak, RSI -16.1 on the week
BNZL 2600 (-1.14%) - RSI 28.6 - oversold

BEARISH - below all three EMAs (20)
CPG 3096 (+1.41%) - RSI 47.9 - MACD bull cross - EMAs clustered 3099/3102/3136, a coin-flip zone
RKT 5034 (+0.92%) - RSI 45.4 | LSEG 8532 (+0.23%) - RSI 44.3 | EXPN 2782 (+0.98%) - RSI 43.7
REL 2504 (-0.44%) - RSI 42.9 - 30.1% off 52wH | AZN 11780 (+1.12%) - RSI 42.6 - 25.1% off 52wH
BATS 4084 (+1.34%) - RSI 41.1 | ULVR 4559.25 (-1.34%) - RSI 39.5 | DGE 1597.50 (-0.03%) - RSI 37.9
PRU 983.20 (-1.46%) - RSI 37.7 - ex-div 10 Sep | IMB 2478 (+1.43%) - RSI 37.2 - RSI +6.5
III 2640.50 (-2.24%) - RSI 37.2 - crossed below POC - 41.3% off 52wH
NG 1130.50 (-0.53%) - RSI 33.2 | GSK 1776.50 (-1.50%) - RSI 32.3 | BAE 1921 (+1.19%) - RSI 31.2
HLN 336.10 (+0.39%) - RSI 30.6 | BNZL/RTO see below | RTO 331.80 (-1.07%) - RSI 28.4 - 0.7% above 52w low
ABF 1859 (-7.97%) - RSI 26.6 - lost EMA50, EMA200 and POC in one session, rv 2.43



TOP SWING SETUPS

1. SHEL - LONG - CONTINUING
BULLISH above all three EMAs (20: 3415.7, 50: 3324.7, 200: 3123.0). RSI 68.0, MACD histogram +7.48 and expanding. Close 3528 is 1.8% below the 52-week high of 3591.50, and price is 9.6% above POC 3220.3 - no overhead volume shelf in the way. Oil at six-week highs is the fundamental engine.
Entry: 3515 pullback zone (Cam S1 3521 / Cam S3 3507) · Stop: 3460 (below classic S2 3461.5, 0.93 ATR) · T1: 3591.5 (52w high) · T2: 3650 (above classic R3 3647) · R:R: 1.39 to T1, 2.45 to T2
Risk 55 pts on ATR 58.97. Invalidation is a close back below EMA20 3415.7.

2. BP - LONG - CONTINUING
BULLISH above all three EMAs (20: 539.6, 50: 531.1, 200: 506.5). RSI 64.8, MACD histogram +2.72. Same oil driver as SHEL but 7.5% below its 52-week high of 609.40 versus SHEL's 1.8% - materially more runway for the same catalyst. Trading 8.9% above POC 517.9.
Entry: 562.5 (Cam S1 562.4) · Stop: 550.0 (below classic S2 550.5, 0.80 ATR) · T1: 585.7 (classic R3) · T2: 609.4 (52w high) · R:R: 1.86 to T1, 3.75 to T2
Best risk-adjusted long on the board. Risk 12.5 pts on ATR 15.71.

3. ANTO - SHORT - NEW
Triggered Thursday. Lost EMA20 3893.7, EMA50 3851.5 and POC 3806.6 in one session, with a MACD bearish crossover and RSI -9.7. Reversed the whole of the prior day's +4.7%. Still holds EMA200 at 3560.6, which is the natural downside magnet.
Entry: 3770, or on a break of Thursday's low 3728 · Stop: 3862 (above Cam R3 3861.8, 0.54 ATR) · T1: 3656 (classic S1) · T2: 3536 (classic S2, just under EMA200) · R:R: 1.24 to T1, 2.54 to T2
Risk 92 pts on ATR 169.04. Note ANTO is marked ex-dividend during September - check the exact date before sizing, a chunk of any gap may be mechanical.

4. AAL - SHORT - NEW
Lost EMA20 4089.2 decisively; close 3951.00 is below EMA50 3951.90 by less than a point, so EMA50 is the live battleground rather than a confirmed break. RSI -10.8. Strong confluence below: POC 3872.9 sits almost exactly on Cam S3 3871.5.
Entry: 3940 on rejection of EMA50 · Stop: 4030 (above Cam R3 4030.5, 0.61 ATR) · T1: 3839.3 (classic S1) · T2: 3727.7 (classic S2) · R:R: 1.12 to T1, 2.36 to T2
If AAL reclaims and closes above 3990 the setup is dead - the EMA50 break was marginal.

5. STAN - LONG - CONTINUING
The only UK bank still BULLISH above all three EMAs (20: 2216.9, 50: 2159.8, 200: 1898.3). RSI 60.5, MACD histogram +7.73. Close 2271 is 1.0% off the 52-week high of 2293. POC 2149.0 sits right on EMA50 2159.8 - a solid floor well below.
Entry: 2266 (Cam S1), or breakout confirmation above 2293 · Stop: 2215 (below classic S2 2215.7, 1.03 ATR) · T1: 2343.3 (classic R3) · T2: 2420 · R:R: 1.51 to T1, 3.02 to T2
Sector risk: HSBA just lost EMA20 and BARC/LLOY are below 20/50. This long is a bet against its own peer group, so size it smaller than the energy trades.

WATCH, not a setup: VOD. Technically the strongest chart in the book - BULLISH above all EMAs, RSI 69.8, 0.7% from its 52-week high. But rv 0.24 and ATR 2.78 mean the R:R on any sensible breakout stop is under 1.2 (entry 129.70, stop 127.75, T2 133.20). Needs a genuine volume expansion through 129.60 before it is tradeable.



INTRADAY SETUPS

SHEL - Camarilla range long (with trend)
Entry: 3507.1 (Cam S3) · Stop: 3486.1 (Cam S4) · T1: 3535.0 (Cam R1) · T2: 3548.9 (Cam R3) · R:R: 1.33 / 2.00
Classic S3-reversion long in a name that is BULLISH above all EMAs. Only take it if the open is inside the S3-R3 band.

BP - Camarilla range long (with trend)
Entry: 559.8 (Cam S3) · Stop: 555.9 (Cam S4) · T1: 565.1 (Cam R1) · T2: 567.7 (Cam R3) · R:R: 1.36 / 2.03
Tight 3.9pt risk. Pivot 564.8 sits just under Cam R1, so expect friction into 565.

AAL - Camarilla fade short
Entry: 3977.5 (Cam R1) · Stop: 4030.5 (Cam R3) · T1: 3924.5 (Cam S1) · T2: 3871.5 (Cam S3) · R:R: 1.00 / 2.00
T2 lands on POC 3872.9 - the highest-probability magnet on the board today. Classic pivot 4016.7 is above entry, so the whole Camarilla band sits under the pivot: bearish skew.

ANTO - Camarilla breakdown short
Entry: break and hold below 3690.2 (Cam S3) · Stop: 3747.4 (Cam S1) · T1: 3604.4 (Cam S4) · T2: 3560.6 (EMA200) · R:R: 1.50 / 2.27
Trend-day continuation play. Needs momentum through S3 in the first 90 minutes - if it stalls at S3 it becomes a range and the trade is void.

VOD - Camarilla breakout long
Entry: break above 130.4 (Cam R4) · Stop: 128.9 (Cam R1) · T1: 132.0 · T2: 133.2 (classic R3) · R:R: 1.07 / 1.87
Only valid on a firm index open AND visible volume. Cam R4 130.40 is above the 52-week high 129.60, so this is a genuine breakout trade, not a range fade.



KEY LEVELS DASHBOARD

SHEL - 3528.00 (+0.68%) - BULLISH above all EMAs
Cam: S4 3486.1 · S3 3507.1 · S1 3521.0 || R1 3535.0 · R3 3548.9 · R4 3569.9
Classic: S3 3418.6 · S2 3461.5 · S1 3494.8 · Pivot 3537.6 · R1 3570.9 · R2 3613.8 · R3 3647.0
EMAs: 20 3415.7 · 50 3324.7 · 200 3123.0 || POC 3220.3 || ATR 58.97
Prev H/L: 3580.5 / 3504.4 || 52w H/L: 3591.5 / 2553.8

BP - 563.75 (+1.19%) - BULLISH above all EMAs
Cam: S4 555.9 · S3 559.8 · S1 562.4 || R1 565.1 · R3 567.7 · R4 571.6
Classic: S3 542.8 · S2 550.5 · S1 557.1 · Pivot 564.8 · R1 571.4 · R2 579.1 · R3 585.7
EMAs: 20 539.6 · 50 531.1 · 200 506.5 || POC 517.9 || ATR 15.71
Prev H/L: 572.5 / 558.2 || 52w H/L: 609.4 / 399.4

AAL - 3951.00 (-5.37%) - BEARISH below EMA20 and EMA50, above EMA200
Cam: S4 3792.1 · S3 3871.5 · S1 3924.5 || R1 3977.5 · R3 4030.5 · R4 4109.9
Classic: S3 3550.3 · S2 3727.7 · S1 3839.3 · Pivot 4016.7 · R1 4128.3 · R2 4305.7 · R3 4417.3
EMAs: 20 4089.2 · 50 3951.9 · 200 3558.2 || POC 3872.9 || ATR 147.09
Prev H/L: 4194.0 / 3905.0 || 52w H/L: 4348.0 / 2496.0

ANTO - 3776.00 (-5.55%) - BEARISH below EMA20 and EMA50, above EMA200
Cam: S4 3604.4 · S3 3690.2 · S1 3747.4 || R1 3804.6 · R3 3861.8 · R4 3947.6
Classic: S3 3344.0 · S2 3536.0 · S1 3656.0 · Pivot 3848.0 · R1 3968.0 · R2 4160.0 · R3 4280.0
EMAs: 20 3893.7 · 50 3851.5 · 200 3560.6 || POC 3806.6 || ATR 169.04
Prev H/L: 4040.0 / 3728.0 || 52w H/L: 4475.0 / 2220.0

ABF - 1859.00 (-7.97%) - BEARISH below all EMAs
Cam: S4 1807.8 · S3 1833.4 · S1 1850.5 || R1 1867.5 · R3 1884.6 · R4 1910.2
Classic: S3 1707.7 · S2 1742.3 · S1 1800.7 · Pivot 1835.3 · R1 1893.7 · R2 1928.3 · R3 1986.7
EMAs: 20 2028.7 · 50 2016.6 · 200 1985.7 || POC 1995.4 || ATR 49.92
Prev H/L: 1870.0 / 1777.0 || 52w H/L: 2359.0 / 1559.0



BEARISH WARNINGS

ABF - fresh, heavy, fundamental. Lost EMA50, EMA200 and POC in one session on rv 2.43. EMA200 1985.7 and POC 1995.4 are now a stacked ceiling 7% overhead. RSI 26.6 is oversold but oversold in a Stage 4 breakdown is not a buy signal. Downside reference points: classic S2 1742.3, S3 1707.7, then the 52-week low 1559.0. Do not catch this.

MINING COMPLEX - co-ordinated fresh breakdown. ANTO, AAL and RIO all lost EMA20 and EMA50 on the same session. RIO's EMA50 7391.6 is now resistance with EMA200 far below at 6879.2 - a wide air pocket. GLEN is the last one standing above all EMAs but shed 13.1 RSI points; if 593.2 (EMA20) goes, the whole group is in Stage 4 together.

HSBA - first crack. Crossed below EMA20 1540.4, four-day down streak, RSI -15.9 on the week. EMA50 1510.4 sits right on POC 1509.0 - a genuine confluence floor. A daily close below 1509 turns the UK bank trade from mixed to bearish and takes the STAN long with it.

RTO - worst structure in the universe. Close 331.80 versus a 52-week low of 329.60 - it is 0.7% off the lows. BEARISH below all EMAs with EMA20 350.4, EMA50 378.0 and EMA200 418.8 stacked in perfect bear order, POC 382.2 far overhead, 34.6% off its 52-week high, five-day down streak. RSI 28.4 and a positive MACD histogram are the only bull crumbs. Avoid longs entirely; breakdown below 329.60 opens clean air.

III - crossed below POC 2657.7 on -2.24%. Now 41.3% off its 52-week high, the largest drawdown in the book, BEARISH below all EMAs with EMA200 2894.2 far above.

SGE - genuine selling. Five-day down streak, week -7.25%, rv 1.28 (second-heaviest volume in the book). Close 979.90 is below EMA50 989.1 but still above EMA200 959.6. That 959.6 line is the level - lose it and SGE joins the below-all-EMAs group.

NG - thick overhead wall. BEARISH below all EMAs, RSI 33.2, 20.9% off its high. POC 1204.6 sits essentially on EMA200 1204.1 - roughly 6.5% above spot. Rate-hike pricing is the headwind; nothing works here until gilts stabilise.

GSK - BEARISH below all EMAs, RSI 32.3, 22.2% off its high, EMA50 1893.9 and EMA200 1884.9 both far overhead. HLN in the same bucket: RSI 30.6, only 5.8% above its 52-week low, with EMA20/50/200 clustered at 354.9/357.5/360.0 forming a dense ceiling 6% up.

Possible base attempt, watch only: IMB bounced +1.43% off a 52-week low of 2437 with a MACD bullish crossover and RSI +6.5. Still BEARISH below all EMAs with EMA20 2539.8 the first hurdle. BATS the same pattern one notch weaker.



EVENTS CALENDAR

Today, Friday 11 September
07:00 - ONS UK monthly GDP (July), plus trade balance, index of services and industrial/manufacturing production. Already out by the cash open; watch gilts and the domestic names (LLOY, BARC, NWG, TSCO) for the reaction.
Ongoing - Strait of Hormuz. Any escalation headline is an immediate bid for SHEL and BP and an immediate drag on the index-level rate outlook.

Next week
Thursday 17 September, 12:00 - Bank of England MPC decision and minutes. Bank Rate is 3.75%, held since the December 2025 cut. The July vote was 6-3 to hold with Greene, Mann and Pill voting for a hike to 4.00%. Consensus is still for a hold, but Bailey's recent inflation warnings plus the Hormuz oil impulse mean the hawkish-dissent count is the number that moves the market. Rate-sensitive longs (NG, SSE, LGEN) carry event risk into that print.

Dividends
PRU went ex-dividend 10 September - that explains most of Thursday's -1.46%.
Aviva, Admiral, Antofagasta and Endeavour Mining are all marked ex-dividend during September. Confirm exact dates before sizing the ANTO short; part of any gap down may be mechanical rather than directional.

Earnings
ABF's Q4 trading update landed 10 September and is now priced. No further FTSE 100 results from the tracked universe are scheduled before the MPC.



Not financial advice. Always DYOR. Capital at risk.

Thursday 10 September 2026
Data: close Wed 09 Sep 2026 (latest scanner snapshot, 40 names) · UKX cash close 10,670.06 (-1.31%) · Futures: NOT VERIFIED - see note



MARKET OVERVIEW

The FTSE 100 closed Wednesday 9 September at 10,670.06, down 1.31% - a six-week low and the mildest fall in Europe (DAX -1.6%, CAC -2.0%). The driver was geopolitical: US forces destroyed five Iranian crude carriers, Iran fired ballistic missiles toward Jordan, and Brent broke the $100 handle to close at $100.71 (+2.85%). Copper hit a fresh LME record above $14,600/t after Chile cut its output forecast again.

FUTURES WARNING - READ BEFORE SIZING. I could not obtain a reliable FTSE 100 futures print for this morning. The only live quote found (Investing.com UK-100 future, 10,839.2) sits roughly 169 points - 1.6% - above Wednesday's cash close of 10,670.06, which cannot be reconciled with a flat-to-lower overnight tape and is inconsistent with the news flow. The other "rebound" headline circulating is dated 13 August, not today. Per house rules I am not calling a direction off an unverified number: treat the open as unknown and let the first 15 minutes print before committing size.

Breadth was brutal: 38 of the 40 tracked names fell. Only BP (+0.67%), GSK (+0.28%), SHEL (+0.24%) and CPG (+0.13%) closed green. The tell, though, is relative volume - 37 of 40 names printed rv below 1.0, with a median around 0.47. This was a thin, low-conviction slide, not distribution. Two consequences: (1) the moves are less trustworthy as signals, and (2) widen your stops - thin tape gaps further than ATR implies.

Macro ahead: Bank of England decision 17 September. Oil and copper remain the two levers that decide whether the index holds 10,600.



NOTABLE CHANGES (day-over-day)

ULVR - triple breakdown. Crossed BELOW EMA50, BELOW EMA200 and BELOW POC in a single session. Close 4620.0 vs EMA20 4705.2, EMA50 4651.8, EMA200 4685.9, POC 4639.1. The cleanest fresh structural break on the board.

LLOY - banks crack. Crossed BELOW EMA50 (111.2), BELOW POC (111.9) and printed a MACD bearish crossover, all on the same day. RSI -7.8 to 41.9.

SGE - the week's worst. -3.96% on the day, crossed BELOW EMA50, 4-day down streak, week -8.58%, RSI -18 points over the week to 40.0. ADX 36.4 confirms a genuine trending decline, not noise.

RSI air-pockets. AAL -9.8 pts (65.9 to 56.1) with a MACD bearish crossover; HSBA -9.4 pts (62.6 to 53.2); III -8.5 pts plus a cross below EMA50; AV -8.3 pts, flipping Bull to Bear zone.

MACD bearish crossovers (fresh): AAL, RIO, LLOY, BARC, PRU, LGEN, IMB, LSEG. That is both miners and the whole domestic-financial complex rolling over together.

Oversold-zone entries: BAE (30.5 to 26.1, 5-day down streak), RTO (33.8 to 29.9, 5-day down streak). Both now Bear-to-OS.

The two that held. SHEL extended a 4-day up streak with RSI actually rising (+0.4 to 66.4) on a -1.31% index day. BP is on a 3-day up streak, RSI +1.5 to 60.9. Energy is the only sector with positive internals.

GLEN and VOD both eased out of overbought into plain Bull zone (68.7 and 68.6) - a cooling, not a break. Both remain above every EMA.



SECTOR HEATMAP

ENERGY +0.46% - avg RSI 63.7 - 2 of 2 above all EMAs. SHEL +0.24, BP +0.67. Brent above $100 is doing the work. The only sector in the green and the only sector with clean internals.

CONSUMER +0.13% - CPG alone, still below all EMAs despite a 3-day up streak.

UTILITIES -0.56% - avg RSI 41.7. SSE -0.33, NG -0.78. NG deeply bearish, RSI 35.2, -5.6% below POC.

TELECOM -0.74% - VOD only, but RSI 68.6, above all EMAs, +11.0% above POC, 1.8% off its 52-week high. Individually one of the strongest charts on the board.

PHARMA / HEALTH -0.79% - avg RSI 34.4, the weakest RSI cohort in the index. GSK 35.3, AZN 39.1, HLN 28.9. All three below every EMA. AZN sits -25.9% off its 52-week high.

STAPLES -1.28% - avg RSI 44.1. ULVR's triple breakdown is the story; TSCO is the lone member above all EMAs.

TOBACCO -1.41% - avg RSI 33.4. IMB closed exactly on its 52-week low (2441.0) with rv 1.25, the heaviest volume print on the entire board. BATS on a 4-day down streak, -8.8% below POC.

BANKS -1.72% - avg RSI 48.9, 2 of 5 above all EMAs. Sharp internal split: STAN (RSI 60.5) and HSBA still structurally bullish; LLOY, BARC and NWG all breaking down together. Watch this divergence - it usually resolves one way, fast.

MEDIA / TECH -1.74% - avg RSI 44.6, 0 of 5 above all EMAs. SGE -3.96, WPP -1.42, REL -1.29 (4-day down streak, week -5.97%), EXPN -1.28 (week -6.23%, -29.1% off its 52w high). The most uniformly broken sector.

MINING -1.96% - avg RSI 59.2 but 4 of 4 still above every EMA. This is the key nuance of the session: miners fell hardest yet remain the healthiest structures. AAL -3.20, ANTO -2.11, RIO -1.54, GLEN -0.97. On record copper, this reads as profit-taking into strength, not a trend change. Treat as a pullback in an uptrend until an EMA20 loses.

INDUSTRIALS / DEFENCE -1.97% - avg RSI 32.1, the lowest of any sector. BAE 26.1 (5-day streak, ADX 33.3), RTO 29.9 (5-day streak, -33.9% off 52w high), BNZL 31.8. Genuinely trending down, not merely oversold.

INSURANCE / FINANCIALS -2.25% - worst sector, 0 of 6 above all EMAs. III -3.44, LSEG -2.48, AV -2.22, PRU -1.74, ADM -1.74, LGEN -1.87. Four MACD bearish crossovers in one sector.



DAILY TECHNICAL SIGNALS

Format: Ticker - Close - Day% - RSI (day delta) - MACD - vs POC - % from 52w high - Trend

ABOVE ALL EMAs - BULLISH
SHEL 3508.8 - +0.24% - RSI 66.4 (+0.4) - MACD bull 54.23/47.94 - POC +9.2% - -2.3% from 52w high - ADX 30.8 strongest trend on board
BP 553.8 - +0.67% - RSI 60.9 (+1.5) - MACD bull 5.78/3.96 - POC +7.2% - -9.1%
GLEN 622.9 - -0.97% - RSI 68.7 (-3. - MACD bull 17.19/15.28 - POC +13.0% - -1.7%
VOD 127.3 - -0.74% - RSI 68.6 (-2.6) - MACD bull 2.55/1.75 - POC +11.0% - -1.8%
STAN 2269.0 - -1.00% - RSI 60.5 (-4.1) - MACD bull 26.40/17.95 - POC +5.7% - -1.0%
RIO 7618.5 - -1.54% - RSI 56.9 (-7.9) - MACD bear cross 116.26/122.85 - POC +5.6% - -16.4%
AAL 4168.0 - -3.20% - RSI 56.1 (-9.8) - MACD bear cross 99.81/103.40 - POC +7.7% - -4.1%
ANTO 3995.0 - -2.11% - RSI 55.3 (-4.2) - MACD bull 50.21/41.52 - POC +4.8% - -10.7%
HSBA 1546.2 - -1.82% - RSI 53.2 (-9.4) - MACD bull 13.41/10.40 - POC +2.6% - -6.5%
TSCO 468.2 - -1.43% - RSI 51.2 (-5.1) - MACD bull 0.95/-1.04 - POC +0.8% - -10.1%

MIXED - above EMA50 and EMA200, below EMA20
ABF 2025.0 - -0.69% - RSI 45.8 (-1.5) - POC +1.4% - -14.2%
WPP 367.2 - -1.42% - RSI 50.6 (-2.3) - POC +13.5% - -11.0%
NWG 686.2 - -1.46% - RSI 47.5 (-6.1) - crossed below EMA20 - POC +1.4% - -5.5%
ADM 3789.0 - -1.74% - RSI 44.1 (-4. - POC +2.0% - -8.2%
AV 703.6 - -2.22% - RSI 43.7 (-8.3) - Bull to Bear zone - POC +1.9% - -5.0%

BEARISH - below EMA20 and EMA50, above EMA200
SSE 2386.0 - -0.33% - RSI 48.1 (+0. - POC -0.6% - -16.6%
INF 888.4 - -0.76% - RSI 46.4 (-3. - crossed below EMA50 and POC - POC -0.4% - -11.2%
BNZL 2630.0 - -1.05% - RSI 31.8 (-4.7) - MACD -26.60/-8.14 - POC -2.0% - -9.1%
LGEN 287.9 - -1.87% - RSI 42.5 (-6.5) - crossed below EMA50, MACD bear cross - POC -2.1% - -9.5%
LLOY 109.7 - -2.14% - RSI 41.9 (-7. - crossed below EMA50 and POC, MACD bear cross - POC -2.0% - -7.0%
BARC 487.2 - -2.18% - RSI 41.2 (-6.0) - MACD bear cross - POC -4.3% - -9.5%
RR. 1444.4 - -2.47% - RSI 40.8 (-6. - crossed below EMA50 and POC - POC -0.8% - -8.9%
SGE 978.2 - -3.96% - RSI 40.0 (-6.7) - crossed below EMA50 - POC +4.3% - -17.2% - ADX 36.4

BEARISH - below ALL EMAs
CPG 3057.0 - +0.13% - RSI 43.3 (-2.0) - POC -3.9% - -18.4%
GSK 1801.5 - +0.28% - RSI 35.3 (+1. - MACD -25.95/-19.02 - POC -6.7% - -21.1%
NG 1138.0 - -0.78% - RSI 35.2 (-2.2) - POC -5.6% - -20.3%
HLN 334.6 - -0.80% - RSI 28.9 (-0.5) - 5-day down streak - POC -6.5% - -19.6%
DGE 1598.5 - -1.24% - RSI 38.0 (-2.6) - POC -1.8% - -17.5%
EXPN 2770.0 - -1.28% - RSI 42.3 (-1.7) - POC +1.3% - -29.1%
REL 2518.0 - -1.29% - RSI 43.9 (-2.3) - crossed below POC, 4-day streak - POC -0.4% - -29.7%
BATS 4025.0 - -1.32% - RSI 36.1 (-2.4) - MACD -80.76/-82.20 - POC -8.8% - -19.6%
RKT 4975.0 - -1.41% - RSI 41.8 (-2.7) - POC -1.6% - -23.6%
IMB 2441.0 - -1.49% - RSI 30.7 (-1.9) - MACD bear cross, rv 1.25, AT 52-WEEK LOW - POC -10.5% - -26.9%
ULVR 4620.0 - -1.61% - RSI 43.6 (-5.5) - crossed below EMA50, EMA200 and POC - POC -0.4% - -16.4%
PRU 997.8 - -1.74% - RSI 40.9 (-5.2) - MACD bear cross - POC -3.3% - -19.4%
AZN 11655.0 - -1.86% - RSI 39.1 (-4.7) - MACD -131.56/-139.46 - POC -6.9% - -25.9%
RTO 334.9 - -1.99% - RSI 29.9 (-3.9) - 5-day streak, ADX 32.5 - POC -12.6% - -33.9%
BAE 1897.5 - -2.37% - RSI 26.1 (-4.4) - 5-day streak, ADX 33.3 - POC -4.5% - -19.6%
LSEG 8500.0 - -2.48% - RSI 43.4 (-6.2) - MACD bear cross, crossed below POC - POC -1.3% - -16.2%
III 2693.0 - -3.44% - RSI 41.0 (-8.5) - crossed below EMA50 - POC +1.5% - -40.1%

EMA classification verified programmatically: 40 of 40 names re-checked close against EMA20, EMA50 and EMA200 - zero mismatches.



TOP SWING SETUPS

1. SHEL - LONG (CONTINUING)
Entry: 3480 on a pullback · Stop: 3395 · T1: 3591 · T2: 3660 · R:R: 1.3 to T1, 2.1 to T2
The strongest chart in the index and the only major name whose RSI rose on a -1.31% index day. Above all EMAs (20: 3404.4, 50: 3316.6, 200: 3119.0), RSI 66.4, ADX 30.8 - the highest trend strength on the board - on a 4-day up streak with Brent through $100. Sits +9.2% above its 60-day POC of 3213.9 and just 2.3% below the 52-week high of 3591.5. Stop sits under the EMA20, so the trend thesis is what fails, not noise. Caveat: Stoch RSI is pinned at 100 and rv was only 0.54 - it is extended and thinly bid, so I want the pullback to 3480 (Camarilla S4) rather than chasing 3508.

2. BP - LONG (CONTINUING)
Entry: 548 · Stop: 534 · T1: 567 · T2: 585 · R:R: 1.4 to T1, 2.6 to T2
The single best relative-strength print of the session: +0.67% while 38 of 40 names fell. Above all EMAs (536.7 / 529.6 / 505.9), RSI 60.9 and rising (+1.5), 3-day up streak, +7.2% above POC 516.6. Unlike SHEL it is not extended - 9.1% below its 52-week high of 609.4 with plenty of room. Entry at 548 is the Camarilla S4 (547.9); the stop at 534 sits just below the EMA20 confluence at 536.7. Cleanest risk-reward of the long book.

3. GLEN - LONG BREAKOUT (NEW)
Entry: 634 on a break of the 52w high · Stop: 611 · T1: 664 · T2: 690 · R:R: 1.3 to T1, 2.4 to T2
Closed 622.9, only -0.97% on a day AAL fell -3.20%, and Wednesday's high of 633.9 is the 52-week high - it closed on the doorstep. Above all EMAs (592.3 / 570.6 / 514.0), RSI 68.7 easing out of overbought, +13.0% above POC 551.3 - the second-widest POC premium in the index. Copper at a record $14,600/t is the fundamental driver. Stop at 611 sits below Camarilla S4 (614.7). Do not pre-empt the breakout - this only triggers above 633.9.

4. IMB - SHORT BREAKDOWN (NEW)
Entry: 2438 on a break of the 52w low · Stop: 2495 · T1: 2360 · T2: 2300 · R:R: 1.4 to T1, 2.4 to T2
Closed 2441.0 - exactly on its 52-week low of 2441.0 - with a fresh MACD bearish crossover. Below all EMAs (2546.1 / 2642.6 / 2833. and -10.5% below POC 2726.4, meaning there is no volume shelf beneath price to catch it. Critically, this is the only genuinely heavy print on the board: rv 1.25 against a board median near 0.47. On a session where everything else was thin, real sellers showed up here. That is the conviction signal. Stop above Wednesday's high of 2487.

5. RTO - SHORT BREAKDOWN (CONTINUING)
Entry: 329.4 on a break of the 52w low · Stop: 338 · T1: 318 · T2: 308 · R:R: 1.3 to T1, 2.5 to T2
5-day down streak, -33.9% off its 52-week high, -12.6% below POC 383.1 - the largest POC discount in the index. ADX 32.5 confirms a real trend, and the 52-week low at 329.6 is only 1.6% below the close. Below all EMAs by a wide margin (352.3 / 379.8 / 419.6). Caveat: RSI 29.9 is already oversold, so this is a momentum-continuation trade, not a value short - it needs the 329.6 break to trigger, and I would skip it if the market gaps down and it opens straight through the level.



INTRADAY SETUPS

1. SHEL - Camarilla breakout LONG
Entry: above 3535.4 (Cam R4) · Stop: 3512 · T1: 3565.6 · T2: 3585.7 · R:R: 1.3 / 2.2
Wednesday closed at 3508.8, wedged between Cam S1 3504.3 and Cam R1 3513.2 - a coiled pivot cluster. A clean push through R4 at 3535.4 is the classic Camarilla trend-day trigger, and the targets are the classic pivots R2 3565.6 and R3 3585.7. Direction agrees with the daily trend and with oil above $100.

2. BP - Camarilla range BOUNCE LONG
Entry: 550.8 (Cam S3) · Stop: 547.5 · T1: 556.8 · T2: 560.5 · R:R: 1.8 / 2.9
The textbook S3 long: fade the dip to Camarilla S3, stop just under S4 (547.9), target R3 (556. then classic R1 (560.5). Tight 3.3-point risk. Only valid if BP opens inside the S3-R3 range - if it gaps below S4 the range setup is void and it becomes a breakdown, not a bounce.

3. GLEN - Camarilla range BOUNCE LONG
Entry: 618.8 (Cam S3) · Stop: 614.3 · T1: 627.0 · T2: 631.5 · R:R: 1.8 / 2.8
Best intraday risk-reward on the board. Stop sits below Cam S4 614.7 and comfortably above the EMA20 at 592.3, so the daily uptrend stays intact even if the intraday trade fails. T2 at 631.5 is the classic R1 and also just under the 633.9 breakout level - so this trade hands you the swing entry if it works.

4. HSBA - Camarilla range BOUNCE LONG
Entry: 1536.6 (Cam S3) · Stop: 1525 · T1: 1555.8 · T2: 1564.3 · R:R: 1.7 / 2.4
Still above all EMAs and +2.6% above POC 1507.6 despite the -9.4 point RSI drop. Note the confluence: close 1546.2 is barely above EMA20 1541.3, and Cam S3 1536.6 sits just under it. This is the level that decides whether HSBA joins LLOY and BARC in the breakdown camp or holds the bank-sector split open. Stop discipline matters here - below 1525 the bull case is done and it becomes a short.

5. LLOY - fade the retest SHORT
Entry: 111.5 on a rally into resistance · Stop: 113.0 · T1: 108.0 · T2: 105.5 · R:R: 2.3 / 4.0
Triple bearish event Wednesday: crossed below EMA50, below POC, and a MACD bearish crossover. The 111.2 EMA50 and 111.9 POC now form a tight overhead confluence band at 111.2-111.9 - that is where a bounce should fail. Data warning: LLOY's session low prints as 100.3 against a 109.7 close, an 11-point range on a 110p stock. That is almost certainly a bad tick, so LLOY's pivot and Camarilla levels are unreliable today and I have deliberately built this setup off EMA and POC structure instead. Highest R:R on the board, but size it down until you see a clean tape.



KEY LEVELS DASHBOARD

SHEL close 3508.8
Cam: S4 3482.1 · S3 3495.4 · S1 3504.3 || R1 3513.2 · R3 3522.1 · R4 3535.4
Classic: S3 3440.2 · S2 3468.6 · S1 3488.7 · Pivot 3517.1 · R1 3537.2 · R2 3565.6 · R3 3585.7
EMAs: 20 3404.4 · 50 3316.6 · 200 3119.0 | POC 3213.9 | ATR 57.62
Prev H/L: 3545.5 / 3497.0 | 52w H/L: 3591.5 / 2553.8

BP close 553.8
Cam: S4 547.9 · S3 550.8 · S1 552.8 || R1 554.8 · R3 556.8 · R4 559.7
Classic: S3 538.9 · S2 545.7 · S1 549.7 · Pivot 556.5 · R1 560.5 · R2 567.3 · R3 571.3
EMAs: 20 536.7 · 50 529.6 · 200 505.9 | POC 516.6 | ATR 15.74
Prev H/L: 563.2 / 552.4 | 52w H/L: 609.4 / 399.4

GLEN close 622.9
Cam: S4 614.7 · S3 618.8 · S1 621.5 || R1 624.3 · R3 627.0 · R4 631.1
Classic: S3 601.7 · S2 610.4 · S1 616.6 · Pivot 625.3 · R1 631.5 · R2 640.2 · R3 646.4
EMAs: 20 592.3 · 50 570.6 · 200 514.0 | POC 551.3 | ATR 15.90
Prev H/L: 633.9 / 619.0 | 52w H/L: 633.9 / 293.2 - prev high IS the 52w high

HSBA close 1546.2
Cam: S4 1527.0 · S3 1536.6 · S1 1543.0 || R1 1549.4 · R3 1555.8 · R4 1565.5
Classic: S3 1494.3 · S2 1512.5 · S1 1529.3 · Pivot 1547.5 · R1 1564.3 · R2 1582.5 · R3 1599.3
EMAs: 20 1541.3 · 50 1509.5 · 200 1340.9 | POC 1507.6 | ATR 29.12
Prev H/L: 1565.6 / 1530.6 | 52w H/L: 1653.4 / 959.3

IMB close 2441.0
Cam: S4 2414.6 · S3 2427.8 · S1 2436.6 || R1 2445.4 · R3 2454.2 · R4 2467.4
Classic: S3 2376.3 · S2 2407.7 · S1 2424.3 · Pivot 2455.7 · R1 2472.3 · R2 2503.7 · R3 2520.3
EMAs: 20 2546.1 · 50 2642.6 · 200 2833.8 | POC 2726.4 | ATR 54.84
Prev H/L: 2487.0 / 2439.0 | 52w H/L: 3341.0 / 2441.0 - close IS the 52w low



BEARISH WARNINGS

1. ULVR - freshest structural break. Lost EMA50, EMA200 and POC in one session. Close 4620.0 with EMA20 4705.2 / EMA50 4651.8 / EMA200 4685.9 clustered overhead in an 85-point band. That cluster is now a resistance wall. RSI 43.6 (-5.5) leaves room to fall before oversold. Any rally into 4650-4705 that fails is a short.

2. LLOY, BARC, LGEN, PRU - domestic financials rolling over together. Four MACD bearish crossovers in the same complex on the same day, with LLOY and LGEN both losing their EMA50. NWG lost its EMA20 and flipped Bull to Bear zone. Only STAN and HSBA are holding, and HSBA gave back 9.4 RSI points doing it. If HSBA loses 1541.3 (EMA20), the split resolves bearish and the whole sector is short.

3. IMB - 52-week low on the day's only heavy volume. Close 2441.0 equals the 52-week low, rv 1.25 against a 0.47 board median, MACD bearish crossover, -10.5% below POC. Nothing structural below. This is the highest-conviction bearish name in the index.

4. SGE - the fastest-deteriorating chart. -3.96% on the day, -8.58% on the week, RSI down 18 points across the week to 40.0, fresh loss of EMA50, ADX 36.4 - the second-highest trend strength on the board and pointing down. RSI 40 is not yet oversold, so there is more room.

5. Pharma is the weakest cohort in the index. Average RSI 34.4 across AZN, GSK, HLN - all three below every EMA. HLN on a 5-day down streak at RSI 28.9, week -6.61%. AZN -25.9% off its 52-week high with MACD deeply negative at -131.56.

6. Mining is the counter-warning - respect it, do not short it. Miners led the index down (-1.96% average) and AAL and RIO both printed MACD bearish crossovers with AAL dropping 9.8 RSI points. But all four remain above every EMA and 4.8-13.0% above their POCs, on record copper. This is a pullback, not a breakdown, unless an EMA20 breaks - AAL 4103.1, RIO 7540.1, ANTO 3905.8, GLEN 592.3. Those four numbers are the line. Below them, reassess.

7. The oversold cohort - BAE 26.1, HLN 28.9, RTO 29.9, IMB 30.7, BNZL 31.8. BAE and RTO both carry ADX above 32 on 5-day down streaks, meaning oversold here signals trend strength, not an imminent bounce. Do not buy these dips mechanically.

8. Thin tape caveat applies to everything above. 37 of 40 names printed rv below 1.0 and the median was near 0.47. Low participation means (a) breakdowns are less reliable and prone to snap-back, and (b) stops need genuine width. If you use the ATR stops quoted in the setups, do not tighten them.



EVENTS CALENDAR

Today, Thursday 10 September - US weekly jobless claims. UK data light. Oil and copper prints remain the dominant intraday drivers - Brent closed at $100.71 (+2.85%), LME copper at a record above $14,600/t.

Ongoing - the live catalyst - Strait of Hormuz escalation. US forces destroyed five Iranian crude carriers; the IRGC reports targeting two US vessels, eight tankers and ten other ships. Qatar is working with China to restart US-Iran talks. This is a headline-driven tape - any credible de-escalation headline hits SHEL and BP hard and is the primary risk to both long setups above. Size accordingly.

Wednesday 17 September - Bank of England rate decision. The week's main domestic event and directly relevant to the bank and insurer breakdowns flagged above. Q2 GDP came in at +0.4% q/q (+1.2% y/y), moderating from +0.6% in Q1, with the print flattered by one-off World Cup and heatwave spending - which keeps a September move genuinely live.

Also this week - US CPI and PPI releases drive the dollar, and through it the miners and the oil complex.

Note: no company-specific earnings or ex-dividend dates were confirmable for the 40 tracked names in the sources available at the time of writing. Check the RNS feed before trading any single-name setup.



Report generated from the ChartsView TV webhook scanner snapshot dated Wednesday 09 September 2026 (40 FTSE 100 constituents, selected by constituent membership, not timestamp - the feed's latest entry carried crossed US tickers and was correctly discarded). CPG corrected from pounds to pence. All EMA classifications verified programmatically with zero mismatches. FTSE futures level for 10 September could not be verified and no directional call has been made from it.

Not financial advice. Always DYOR. Capital at risk.

Wednesday 9 September 2026
Data: close Tue 8 Sep 2026 (latest scanner snapshot, 40 names) - UKX cash close 10,811.66 (-11 pts, -0.10%) - FTSE 100 futures 10,839.2 (opened 10,821.8, range 10,816.0-10,868.0, Investing.com UK-100)



MARKET OVERVIEW

Levels below are Tuesday's closing values, not live prices. Treat them as the reference grid for today's session.

Futures at 10,839.2 sit roughly 28 points ABOVE Tuesday's cash close of 10,811.66. That is a small positive carry, not a gap - and worth the usual contract-roll caveat: a far-dated contract would trade BELOW spot on the dividend discount, so a premium here is consistent with a near-dated contract and a mildly constructive tone. Direction read: modestly firmer open, with leadership still narrow.

Two forces are doing all the work. First, metals: three-month LME copper printed a fresh record near $14,617/t, and the mining complex was the entire story on Tuesday - Antofagasta, Glencore and Anglo American led the index. Second, energy: Brent has pushed toward $98 on Iranian retaliation threats and Strait of Hormuz disruption risk, giving Shell and BP a direct earnings tailwind.

Against that, the domestic picture is softening. UK retail growth slowed to a four-month low, which is showing up in the consumer and defensive tape - Haleon, GSK, Diageo, Reckitt and Rentokil are all under sustained pressure. This is a two-speed market: cyclicals and commodity producers strong, consumer staples and healthcare weak.

Breadth on the 40-name universe: 12 BULLISH (above all EMAs), 13 BEARISH (below all EMAs), 2 BEARISH (below 20/50, above 200), 13 MIXED. Nine of the twelve bulls are miners, energy, banks or Vodafone.

Volume caveat: relative volume was thin across most of the tape (median rv near 0.5). Only BNZL (1.90), NG (1.09) and HLN (1.01) traded at or above normal. Thin volume means levels break more easily and stops need widening.



NOTABLE CHANGES (day-over-day)

SSE - the single biggest structural deterioration. Crossed BELOW EMA20 (2396.11) AND BELOW EMA50 (2405.35), MACD bearish crossover, and lost the POC at 2400.85 - four adverse flags in one session on a -1.41% day. Fresh breakdown, not a continuation.

HLN - five-day down streak, -8.33% on the week, RSI down 22.3 points across five sessions to 29.4. Now OVERSOLD and 6.2% below POC. Capitulation-grade selling.

ANTO - MACD BULLISH crossover plus a +4.4% day and +5.2% week. Momentum has genuinely turned.

RIO - MACD BULLISH crossover and a four-day up streak. Second mining name to flip.

GLEN - +4.0% day, +5.41% week, closed at a new 52-week high of 630.60.

VOD - +6.61% on the week, RSI +14.1 points, closed at a 52-week high of 128.35. Strongest non-mining mover.

LLOY / AV / INF - all three crossed BELOW EMA20 today. LLOY's RSI fell 5.3 points, the biggest single-day RSI drop in the universe.

DGE / RKT / LGEN - all crossed BELOW POC. LGEN did so despite a MACD bullish crossover, which is a conflicting signal - stand aside.

STAN - five-day up streak, closed at a 52-week high of 2293. BAE and RTO - both on five-day down streaks. BNZL - heavy volume, rv 1.90, on a stock still below EMA20 and EMA50.



SECTOR HEATMAP

Mining +3.10% (avg RSI 65.7) - ANTO +4.44, GLEN +3.95, AAL +2.85, RIO +1.16. All four above all EMAs. This is the only sector where every constituent moved together and moved hard.
Telecom +2.09% - VOD, RSI 71.2, 52-week high.
Energy +0.72% (avg RSI 62.7) - SHEL +0.81, BP +0.62. Both above all EMAs, both riding Brent.
Distribution +0.53% - BNZL, but on a bearish structure and heavy volume.
Food Services +0.20% - CPG. Financials +0.13% - LSEG, EXPN, III. Media/Ads +0.05% - WPP.
Defence -0.05% - BAE. Food Retail -0.25% - TSCO. Support Svcs -0.29% - RTO.
Banks -0.29% (avg RSI 55.5) - a split sector: STAN, HSBA and NWG above all EMAs, LLOY and BARC below EMA20.
Insurance -0.33% - LGEN, ADM, PRU, AV all soft together.
Bev/Spirits -0.35% - DGE. Tobacco -0.38% (avg RSI 35.5) - BATS, IMB both deeply oversold-adjacent.
Media/Info -0.44% - INF, REL. Aero/Defence -0.48% - RR. Consumer Goods -0.62% - ULVR, RKT.
Food/Retail -0.68% - ABF. Utilities -0.88% - NG and SSE moved down together, both below all their key EMAs.
Tech -1.44% - SGE. Pharma -1.76% (avg RSI 38.6) - AZN and GSK weak together, a genuine sector move. Consumer Health -2.63% - HLN.

Read: money rotated hard out of defensives (pharma, consumer health, utilities, staples) and into cyclicals (mining, energy, telecom). That rotation is the trade.



DAILY TECHNICAL SIGNALS

Format: TICKER - close - day% - RSI (day delta) - MACD - % from 52w high - vs POC - trend

ANTO - 4069.0 - +4.44% - RSI 59.5 (+7.6) - MACD BULL - -9.1% from 52w high - POC +6.6% - BULLISH (above all EMAs)
GLEN - 628.15 - +3.95% - RSI 72.5 (+7.6) OVERBOUGHT - MACD BULL - -0.4% - POC +14.0% - BULLISH (above all EMAs)
AAL - 4326.0 - +2.85% - RSI 65.9 (+5.0) - MACD BULL - -0.5% - POC +11.9% - BULLISH (above all EMAs)
VOD - 127.93 - +2.09% - RSI 71.2 (+4.1) OVERBOUGHT - MACD BULL - -0.3% - POC +11.7% - BULLISH (above all EMAs)
RIO - 7752.0 - +1.16% - RSI 64.8 (+3.5) - MACD BULL - -15.0% - POC +7.5% - BULLISH (above all EMAs)
STAN - 2291.0 - +1.06% - RSI 64.6 (+2.5) - MACD BULL - -0.1% - POC +6.9% - BULLISH (above all EMAs)
SHEL - 3503.5 - +0.81% - RSI 66.0 (+2.2) - MACD BULL - -2.5% - POC +9.2% - BULLISH (above all EMAs)
BP - 550.30 - +0.62% - RSI 59.4 (+1.4) - MACD BULL - -9.7% - POC +6.6% - BULLISH (above all EMAs)
BNZL - 2668.0 - +0.53% - RSI 36.5 (+3.5) - MACD BEAR - -7.8% - POC -0.5% - BEARISH (below EMA20/50, above 200) - rv 1.90 HEAVY
LSEG - 8730.0 - +0.21% - RSI 49.6 - MACD BULL - -13.9% - POC +1.3% - BEARISH (below all EMAs)
CPG - 3082.0 - +0.20% - RSI 45.3 - MACD BEAR - -17.8% - POC -3.3% - BEARISH (below all EMAs)
EXPN - 2794.0 - +0.14% - RSI 44.0 - MACD BEAR - -29.9% - POC +2.3% - BEARISH (below all EMAs)
WPP - 371.70 - +0.05% - RSI 52.9 - MACD BEAR - -9.9% - POC +15.3% - MIXED (below EMA20, above EMA50, above EMA200)
III - 2789.0 - +0.04% - RSI 49.5 - MACD BEAR - -38.0% - POC +5.5% - MIXED (below EMA20, above EMA50, below EMA200)
LGEN - 293.70 - -0.04% - RSI 49.0 - MACD BULL - -7.7% - POC -0.1% - MIXED (below EMA20, above EMA50, above EMA200)
ADM - 3856.0 - -0.05% - RSI 48.9 - MACD BEAR - -6.6% - POC +4.0% - MIXED (below EMA20, above EMA50, above EMA200)
BAE - 1945.5 - -0.05% - RSI 30.5 - MACD BEAR - -17.6% - POC -2.0% - BEARISH (below all EMAs)
ULVR - 4690.0 - -0.11% - RSI 49.1 - MACD BEAR - -15.1% - POC +1.2% - MIXED (below EMA20, above EMA50, above EMA200)
TSCO - 474.20 - -0.25% - RSI 56.3 - MACD BULL - -8.9% - POC +2.1% - BULLISH (above all EMAs)
BATS - 4069.0 - -0.27% - RSI 38.5 - MACD BULL - -18.7% - POC -8.0% - BEARISH (below all EMAs)
HSBA - 1574.6 - -0.28% - RSI 62.6 - MACD BULL - -4.8% - POC +4.7% - BULLISH (above all EMAs)
RTO - 342.60 - -0.29% - RSI 33.8 - MACD BULL - -32.4% - POC -10.9% - BEARISH (below all EMAs)
DGE - 1619.0 - -0.35% - RSI 40.6 - MACD BEAR - -16.7% - POC -0.3% - BEARISH (below all EMAs)
NG - 1146.0 - -0.35% - RSI 37.4 - MACD BEAR - -19.8% - POC -5.1% - BEARISH (below all EMAs) - rv 1.09
INF - 898.00 - -0.42% - RSI 50.2 - MACD BEAR - -10.2% - POC +0.8% - MIXED (below EMA20, above EMA50, above EMA200)
PRU - 1018.5 - -0.44% - RSI 46.1 - MACD BULL - -17.7% - POC -1.3% - BEARISH (below all EMAs)
BARC - 497.10 - -0.46% - RSI 47.2 - MACD BULL - -7.6% - POC -2.3% - BEARISH (below EMA20/50, above 200)
REL - 2548.0 - -0.47% - RSI 46.2 - MACD BEAR - -28.9% - POC +0.9% - BEARISH (below all EMAs)
IMB - 2468.0 - -0.48% - RSI 32.6 - MACD BULL - -26.1% - POC -9.7% - BEARISH (below all EMAs) - closed AT 52w low
RR. - 1482.0 - -0.48% - RSI 47.6 - MACD BEAR - -6.6% - POC +1.9% - MIXED (below EMA20, above EMA50, above EMA200)
NWG - 695.50 - -0.59% - RSI 53.6 (-3.0) - MACD BEAR - -4.2% - POC +2.8% - BULLISH (above all EMAs)
ABF - 2033.0 - -0.68% - RSI 47.3 - MACD BEAR - -13.8% - POC +1.9% - MIXED (below EMA20, above EMA50, above EMA200)
AV - 718.00 - -0.77% - RSI 52.0 - MACD BEAR - -3.1% - POC +4.4% - MIXED (below EMA20, above EMA50, above EMA200) - crossed below EMA20
AZN - 11900 - -1.13% - RSI 43.8 (-3.0) - MACD BULL - -24.3% - POC -5.0% - BEARISH (below all EMAs)
RKT - 5028.0 - -1.14% - RSI 44.5 - MACD BEAR - -22.8% - POC -0.5% - BEARISH (below all EMAs)
LLOY - 112.10 - -1.19% - RSI 49.7 (-5.3) - MACD BULL - -4.9% - POC +0.2% - MIXED (below EMA20, above EMA50, above EMA200) - crossed below EMA20
SSE - 2379.0 - -1.41% - RSI 47.3 (-4. - MACD BEAR - -16.8% - POC -0.9% - BEARISH (below EMA20/50, above 200) - FOUR fresh bear flags
SGE - 1017.1 - -1.44% - RSI 46.7 - MACD BEAR - -13.9% - POC +8.8% - MIXED (below EMA20, above EMA50, above EMA200)
GSK - 1791.5 - -2.40% - RSI 33.5 (-5.9) - MACD BEAR - -21.5% - POC -7.3% - BEARISH (below all EMAs)
HLN - 335.50 - -2.63% - RSI 29.4 (-4. OVERSOLD - MACD BEAR - -19.4% - POC -6.2% - BEARISH (below all EMAs) - rv 1.01

All 40 EMA classifications were programmatically re-verified against close vs each EMA. Zero mismatches.



TOP SWING SETUPS

1. ANTO - LONG on pullback - NEW
Entry: 3980 (pullback zone 3933-4024) · Stop: 3880 · T1: 4150 · T2: 4287 · R:R: 1.70 / 3.07
Why: MACD bullish crossover fired today (47.38 vs signal 39.10) after a +4.4% session on record LME copper. Above all EMAs - EMA20 3895.06, EMA50 3848.15, EMA200 3553.88. POC at 3816.35, price 6.6% above it, so the volume shelf sits neatly under the EMA20 - that confluence at roughly 3816-3895 is the real floor. Stop at 3880 is just under EMA20. Risk is 100 points, well inside the 160-point ATR, so size accordingly or widen to 3840 if you want ATR room. Still 9.1% below the 52-week high at 4475, so there is runway. rv 0.68 - thin, which is the main caution.

2. AAL - LONG on breakout - CONTINUING
Entry: 4350 (break of the 4348 52-week high) · Stop: 4219 · T1: 4470 · T2: 4591 · R:R: 0.92 / 1.84
Why: closed at 4326, a mere 0.5% off the 52-week high, on a two-day up streak and a MACD bullish crossover. Above all EMAs - EMA20 4099.54, EMA50 3944.22, EMA200 3548.31. POC 3865.74, price 11.9% above. Stop 4219 is Camarilla S4. Targets are classic R2 4469.33 and R3 4590.67. Caveat: rv was only 0.20, the thinnest print in the whole universe - a breakout on that volume is not to be trusted without confirmation, so wait for a genuine push through 4348 rather than anticipating it.

3. SHEL - LONG - CONTINUING
Entry: 3510 · Stop: 3448 · T1: 3577 · T2: 3640 · R:R: 1.08 / 2.10
Why: the cleanest trend in the book. ADX 30.1 - the highest reading among the bulls and the only mega-cap with a genuinely trending ADX. Three-day up streak, above all EMAs (EMA20 3393.07, EMA50 3308.62, EMA200 3114.90), MACD 51.04 over signal 46.24. Brent near $98 on Hormuz risk is the fundamental driver. T1 is classic R3 3576.83; T2 clears the 52-week high at 3591.50. Stop 3448 is roughly one ATR (58.36) below entry and sits under Tuesday's low of 3476.

4. GLEN - LONG on breakout - CONTINUING
Entry: 631.0 (break of the 630.60 52-week high) · Stop: 614.0 · T1: 646.7 · T2: 662.8 · R:R: 0.92 / 1.87
Why: +3.95% day, +5.41% week, closed at the very top of its 52-week range with ADX 26.6. Above all EMAs (589.04 / 568.48 / 512.87) and a remarkable 14.0% above POC at 551.02. That POC distance is the warning - price is extended well above its volume shelf and RSI is 72.5, OVERBOUGHT. This is a momentum-continuation trade, not a value entry. Stop 614.0 is Camarilla S4. Reduce size given the RSI reading.

5. STAN - LONG on breakout - CONTINUING
Entry: 2295 (break of the 2293 52-week high) · Stop: 2263 · T1: 2326 · T2: 2360 · R:R: 0.97 / 2.03
Why: five consecutive up days, +3.67% on the week, RSI 64.6 and rising, closed AT its 52-week high. Above all EMAs (2205.45 / 2150.80 / 1890.49), 6.9% above POC 2142.44, MACD 24.12 well clear of signal 15.77. The one blemish is ADX at 13.1 - a very weak trend reading, so this is a fresh move rather than an established trend. Stop 2263 is Camarilla S4. Tight stop, so a spike-out is a real risk; the alternative is a wider stop at 2242 (Tuesday's low) with half size.



INTRADAY SETUPS

1. SHEL - Pivot bounce LONG
Entry: above 3502 (pivot 3501.67) · Stop: 3476 (Cam S4, also Tuesday's low) · T1: 3527 (classic R1) · T2: 3551 (classic R2) · R:R: 0.96 / 1.88
Why: SHEL closed at 3503.50, virtually ON its pivot at 3501.67. That is the textbook pivot-bounce configuration - hold the pivot and the classic R1/R2 ladder above is clean, lose it and the Camarilla S-band gives you an instant, tight exit. Trend is up on every timeframe, so the pivot is being defended with the trend rather than against it.

2. SSE - Camarilla breakdown SHORT
Entry: below 2368 (Cam S3 2368.83) · Stop: 2386 (Cam R2 2385.78) · T1: 2346 (classic S2) · T2: 2325 (classic S3) · R:R: 1.22 / 2.39
Why: the highest-conviction short on the board and the best R:R of any intraday setup. Four fresh bear flags in one session - lost EMA20 (2396.11), lost EMA50 (2405.35), MACD bearish crossover, and crossed below POC (2400.85). Price 2379 now sits in air between the POC/EMA cluster overhead and the EMA200 at 2348.95 below. A break of Cam S3 opens the run to that EMA200. Note the caution: ADX is only 9.3 - no established trend, so this is a fresh-breakdown momentum trade with a hard stop, not a swing short. rv 0.30, very thin.

3. VOD - Camarilla breakout LONG
Entry: above 128.40 (52w high 128.35, Cam R1 128.25) · Stop: 126.98 (Cam S3) · T1: 129.83 (Cam R4) · T2: 130.52 (classic R2) · R:R: 1.01 / 1.49
Why: +6.61% on the week, the strongest non-mining move in the universe, and closed at its 52-week high. Above all EMAs (120.57 / 117.26 / 108.52) and 11.7% above POC 114.58. RSI 71.2 is OVERBOUGHT, which caps the target ambition - take T1 seriously and do not hold for a runaway move. Cam R4 at 129.83 is the natural first destination on a breakout day.

4. BAE - Camarilla breakdown SHORT
Entry: below 1937 (Cam S3 1937.39) · Stop: 1951 (Cam R2 1950.91) · T1: 1929 (Cam S4) · T2: 1918 (classic S2) · R:R: 0.57 / 1.36
Why: five-day down streak, below all EMAs (EMA20 2050.96, EMA50 2043.66, EMA200 1979.50), 2.0% below POC 1985.93, and ADX 31.8 - the strongest trend reading of any bearish name, meaning this decline is established rather than noise. The MACD spread is extreme: -33.53 against a signal of -4.62. RSI 30.5 is close to oversold, which is the risk - T1 only offers 0.57 R, so this is a T2-or-nothing trade and should be skipped if it does not break cleanly.

5. AAL - Camarilla breakout LONG
Entry: above 4350 · Stop: 4290 (Cam S2) · T1: 4400 · T2: 4432 (Cam R4) · R:R: 0.83 / 1.37
Why: the intraday expression of the swing idea above - a Camarilla R4 breakout target at 4432.15 once the 52-week high at 4348 gives way. Cam R1 is 4343.69, so 4348 and Cam R1 are effectively the same wall; clearing both together is the trigger. Modest R:R, so this is a confirmation trade only - and the rv 0.20 volume caveat applies with full force.



KEY LEVELS DASHBOARD

SHEL - 3503.50
Cam: S4 3476.28 · S3 3489.89 · S1 3498.96 || R1 3508.04 · R3 3517.11 · R4 3530.73
Classic: S3 3428.33 · S2 3452.17 · S1 3477.83 · PIVOT 3501.67 · R1 3527.33 · R2 3551.17 · R3 3576.83
EMAs: 20 3393.07 · 50 3308.62 · 200 3114.90 || POC 3208.06 · ATR 58.36 · ADX 30.1
Prev H/L: 3525.50 / 3476.00 || 52w H/L: 3591.50 / 2553.77

AAL - 4326.00
Cam: S4 4219.85 · S3 4272.93 · S1 4308.31 || R1 4343.69 · R3 4379.08 · R4 4432.15
Classic: S3 4011.67 · S2 4083.33 · S1 4204.67 · PIVOT 4276.33 · R1 4397.67 · R2 4469.33 · R3 4590.67
EMAs: 20 4099.54 · 50 3944.22 · 200 3548.31 || POC 3865.74 · ATR 131.96 · ADX 21.9
Prev H/L: 4348.00 / 4155.00 || 52w H/L: 4348.00 / 2480.00

ANTO - 4069.00
Cam: S4 3933.15 · S3 4001.08 · S1 4046.36 || R1 4091.64 · R3 4136.93 · R4 4204.85
Classic: S3 3684.33 · S2 3793.67 · S1 3931.33 · PIVOT 4040.67 · R1 4178.33 · R2 4287.67 · R3 4425.33
EMAs: 20 3895.06 · 50 3848.15 · 200 3553.88 || POC 3816.35 · ATR 160.42 · ADX 19.1
Prev H/L: 4150.00 / 3903.00 || 52w H/L: 4475.00 / 2178.00

GLEN - 628.15
Cam: S4 614.18 · S3 621.17 · S1 625.82 || R1 630.48 · R3 635.14 · R4 642.12
Classic: S3 586.63 · S2 595.92 · S1 612.03 · PIVOT 621.32 · R1 637.43 · R2 646.72 · R3 662.83
EMAs: 20 589.04 · 50 568.48 · 200 512.87 || POC 551.02 · ATR 15.94 · ADX 26.6
Prev H/L: 630.60 / 605.20 || 52w H/L: 630.60 / 293.20

SSE - 2379.00
Cam: S4 2358.65 · S3 2368.83 · S1 2375.61 || R1 2382.39 · R3 2389.18 · R4 2399.35
Classic: S3 2325.67 · S2 2346.33 · S1 2362.67 · PIVOT 2383.33 · R1 2399.67 · R2 2420.33 · R3 2436.67
EMAs: 20 2396.11 · 50 2405.35 · 200 2348.95 || POC 2400.85 · ATR 53.81 · ADX 9.3
Prev H/L: 2404.00 / 2367.00 || 52w H/L: 2859.89 / 1626.50



BEARISH WARNINGS

SSE - fresh, four-flag breakdown. Crossed below EMA20 and EMA50 today, MACD bearish crossover, lost the POC. The EMA200 at 2348.95 is the only thing between 2379 and open space. This is today's priority short.

LLOY - crossed below EMA20 (112.15) today with the largest single-day RSI drop in the universe (-5.3 to 49.7). Price 112.10 is now sitting almost exactly on both the EMA20 and the POC (111.86) - a decision point. Below 111.70 (Cam S2) the structure turns properly.

AV - crossed below EMA20 today on rv 0.97, RSI -3.7 to 52.0. Still above EMA50 and EMA200, so this is a warning rather than a breakdown, but it is only 3.1% off its 52-week high, so there is plenty of room to unwind.

INF - crossed below EMA20 today. rv of just 0.11 makes the signal low-quality; watch for confirmation.

HLN - the worst chart in the index. Five straight down days, -8.33% on the week, RSI 29.4 and OVERSOLD, below all EMAs which are clustered tightly at 359.12 / 359.27 / 360.49 - that cluster is now a wall of resistance 7% overhead. rv 1.01, so the selling is real, not thin-tape drift. Do not catch this knife; a bounce needs to reclaim 344.90 (Tuesday's high) before it means anything.

GSK - -2.40% and a three-day down streak, RSI 33.5 (-5.9), below all EMAs, 7.3% below POC. Pharma weakness is a sector move, not a stock story - AZN is also below all EMAs and 24.3% off its high.

BAE - five-day down streak with ADX 31.8. The strongest bearish trend reading in the book. MACD -33.53 vs signal -4.62 is a wide, accelerating spread.

RTO - 32.4% below its 52-week high and 10.9% below POC, ADX 32.3, five-day down streak. Structurally the most damaged name here. IMB closed at 2468 against a 52-week low of 2454 - effectively AT its low, 9.7% below POC.

BNZL - heavy volume, rv 1.90, the highest in the universe, on a stock below EMA20 (2732.70) and EMA50 (2707.08) with MACD -20.20 vs signal -3.11. The +0.53% close on that volume looks like distribution into strength rather than accumulation.

DGE, RKT, LGEN - all crossed below POC today. LGEN's simultaneous MACD bullish crossover is a genuinely conflicting signal - stand aside rather than guess.



EVENTS CALENDAR - week of 7-11 September 2026

Today, Wednesday 9 September - relatively quiet on the UK domestic calendar. Watch the energy complex: APEC and APPEC conferences are running alongside the monthly Oil Market Reports from EIA, IEA and OPEC after the expected OPEC+ hold. Direct read-through to SHEL and BP.

Thursday 10 September - ECB policy announcement. US CPI. Both are macro risk events for the whole index; sterling and the rate-sensitive names (banks, utilities, housebuilders) will react.

Friday 11 September - the big UK day. Monthly GDP (July), goods trade balance non-EU (July), industrial production (July) and manufacturing production (July), all from the ONS. Given that UK retail growth has just slowed to a four-month low, a soft GDP print would compound the pressure on domestic consumer names and give the doves ammunition ahead of the BoE.

Next week - the Fed, BoJ and BoE all meet. Position accordingly; carrying large directional risk in rate-sensitive names through that cluster is not advisable.

Also in view - China inflation and trade/credit data this week, and the UK Autumn Budget on 28 October remains the dominant domestic policy overhang.

No earnings from the 40 tracked FTSE 100 names were identified for today. Ex-dividend dates were not available in the scanner feed - verify individually before taking any swing position held across a payment date.



Not financial advice. Always DYOR. Capital at risk.

Tuesday 08 September 2026
Data: close Mon 07 Sep 2026 (latest scanner snapshot, 40 names) · UKX 10,822.13 (-8.96, -0.10%) · Futures 10,821.8 open, range 10,816.0-10,868.0



MARKET OVERVIEW

The FTSE 100 closed Monday 07 September at 10,822.13, down 8.96 points or 0.10% - a flat, low-conviction session. London was held back by rising oil feeding inflation worries, while investors weighed Chancellor John Healey's pledge to keep public spending under control ahead of next month's Budget.

Futures: FTSE 100 futures opened at 10,821.8 today with a range of 10,816.0-10,868.0 (source: Investing.com UK 100 Futures). That is effectively level with Monday's cash close and the intraday high sits ~46 points above it. Bias into the open: flat to modestly firmer - no directional gap. Contract-roll note: the front FTSE contract rolls quarterly and a far-dated contract can trade below spot purely on the dividend discount; that is not the case here, futures and cash are aligned.

Macro drivers: Brent crude around 92.37 USD/bbl, down 0.17% on the day but sharply elevated after the US struck three Iranian oil tankers over the weekend in retaliation for ballistic missile attacks on US Navy warships. Iran has threatened a new restricted zone outside the strait. That is the single biggest swing factor for London today - it is simultaneously a tailwind for SHEL and BP and a headwind for the rate path.

UK rate backdrop: BoE held Bank Rate at 3.75% on 30 July. CPI was 2.9% in July, up from 2.6% in June, driven by the 13% Ofgem energy cap hike. The BoE's central projection has CPI peaking near 3.2% in Q4 2026. Q2 GDP grew 0.4% q/q. Higher oil pushes the near-term inflation path the wrong way and revives rate-hike chatter.

Internals (40-name universe): 13 advancers, 25 decliners, 2 unchanged. 15 names bullish above all three EMAs, 15 bearish below all three. A genuinely two-tone tape - resource and bank leadership against a broad defensive and services unwind.

VOLUME WARNING: Relative volume was very thin - median RV across the universe was 0.26 and only BATS (1.09) and HLN (0.84) traded anything close to normal. Treat every level below as lower-conviction than usual: widen stops, size down, and demand confirmation on breakouts. Thin tape produces false breaks.



NOTABLE CHANGES

DGE -1.95% - the most damaging move of the day. Crossed BELOW both EMA50 and EMA200 in a single session and is now BEARISH below all three EMAs. RSI -6.1 to 41.3. A full trend break.

REL -2.29% - crossed BELOW EMA20 and EMA50 with a MACD bearish crossover. Now BEARISH below all three EMAs and 28.5% off its 52-week high. Second down day.

HLN -2.34% - fourth consecutive down day, week -7.05%, weekly RSI -22.9 points. The worst performer in the universe by a distance and now BEARISH below all three EMAs.

LSEG -1.34% - crossed BELOW EMA20 and EMA50, now BEARISH below all three EMAs. RSI -2.4 to 49.1 with ADX only 9.2, so the trend is weak rather than violent.

SSE +0.50% - the only constructive EMA event on the board. Crossed ABOVE EMA50 with a MACD BULLISH crossover, and is now BULLISH above all three EMAs. Third up day.

SHEL +1.12% - MACD BULLISH crossover, RSI +3.6 to 63.8, ADX 29.6 - the strongest trend reading among the large caps. Oil-led.

LLOY +0.75% - MACD BULLISH crossover with RSI +4.7 to 55.0, the largest positive RSI delta on the board. Week +2.72%.

STAN +1.02% - fourth straight up day, week +4.81%, weekly RSI +12.9. Closed at 2267 against a 52-week high of 2270 - 0.1% away.

IMB posted the single largest one-day RSI drop at -7.2 to 33.7, and ULVR -1.43% crossed below EMA20 with a MACD bearish crossover.



SECTOR HEATMAP

Energy +1.23% - SHEL +1.12, BP +1.33. Both BULLISH above all EMAs. The clear leadership sector, driven by the Iran tanker escalation. 2 of 2 bullish.

Banks +0.44% - STAN +1.02, LLOY +0.75, BARC +0.56, NWG -0.03, HSBA -0.08. 4 of 5 BULLISH above all EMAs (BARC is the exception, below EMA20 and EMA50 but above EMA200). Higher-for-longer rate expectations are helping here - a genuine sector move, not one stock.

Mining +0.30% - AAL +0.96, GLEN +0.43, RIO +0.29, ANTO -0.49. All 4 BULLISH above all EMAs despite RIO and ANTO both printing MACD BEARISH crossovers. Trend intact, momentum cooling.

Utilities & Telco +0.06% - SSE +0.50, NG -0.09, VOD -0.24. MIXED. SSE reclaimed EMA50; NG remains BEARISH below all EMAs.

Insurance & Financial Services -0.18% - ADM +1.10, III +0.61, PRU +0.05, LGEN -0.64, AV -0.85, LSEG -1.34. Only 1 of 6 bullish above all EMAs. LGEN crossed below EMA20.

Aero & Industrials -0.22% - BNZL -0.15, RR. -0.01, BAE -0.51. Zero bullish above all EMAs. BAE on a 5-day losing streak.

Consumer Staples -0.82% - DGE -1.95, ULVR -1.43, ABF -1.21, BATS -1.09, RKT -0.55, IMB -0.36, TSCO 0.00, CPG 0.00. Only TSCO is BULLISH above all EMAs. A broad, correlated defensive unwind - this is the sector to be short, not long.

Healthcare -0.90% - AZN +0.25, GSK -0.60, HLN -2.34. Zero bullish above all EMAs. All three BEARISH below all EMAs. AZN sits 23.5% off its 52-week high.

Media & Business Services -1.39% - the worst sector. REL -2.29, SGE -1.85, RTO -1.38, INF -1.03, WPP -0.91, EXPN -0.85. Only INF is bullish above all EMAs. REL, RTO and EXPN are all 28-38% off their 52-week highs. Multiple stocks moving together - a sector-wide de-rating, not stock-specific news.



DAILY TECHNICAL SIGNALS

Format: TICKER · close · day % · trend · RSI (delta) · MACD · % from 52w high · vs POC

AAL 4206.00 · +0.96% · BULLISH above all · RSI 60.9 (+1.6) · MACD bear · -2.7% · ABOVE POC
ABF 2047.00 · -1.21% · MIXED below EMA20, above EMA50, above EMA200 · RSI 50.0 (-3. · MACD bear · -13.2% · ABOVE POC
ADM 3858.00 · +1.10% · MIXED below EMA20, above EMA50, above EMA200 · RSI 49.1 (+3.1) · MACD bear · -6.5% · ABOVE POC
ANTO 3896.00 · -0.49% · BULLISH above all · RSI 51.9 (-1.0) · MACD bear · -12.9% · ABOVE POC
AV 723.60 · -0.85% · BULLISH above all · RSI 55.7 (-2.9) · MACD bear · -2.3% · ABOVE POC
AZN 12036.00 · +0.25% · BEARISH below all · RSI 46.8 (+0.7) · MACD bull · -23.5% · BELOW POC
BAE 1946.50 · -0.51% · BEARISH below all · RSI 30.6 (-0.7) · MACD bear · -17.5% · BELOW POC · 5-day down streak, ADX 30.7
BARC 499.45 · +0.56% · BEARISH below EMA20/50, above EMA200 · RSI 48.7 (+1.9) · MACD bear · -7.2% · BELOW POC
BATS 4080.00 · -1.09% · BEARISH below all · RSI 39.1 (-2.6) · MACD bull · -18.5% · BELOW POC · RV 1.09 heaviest volume
BNZL 2654.00 · -0.15% · BEARISH below EMA20/50, above EMA200 · RSI 33.0 (+0.4) · MACD bear · -8.3% · BELOW POC
BP 546.90 · +1.33% · BULLISH above all · RSI 58.0 (+3. · MACD bull · -10.3% · ABOVE POC
CPG 3076.00 · 0.00% · BEARISH below all · RSI 44.6 (-0.5) · MACD bear · -17.9% · BELOW POC
DGE 1624.75 · -1.95% · BEARISH below all · RSI 41.3 (-6.1 SIGNIFICANT) · MACD bear · -17.4% · ABOVE POC · NEW breakdown
EXPN 2790.00 · -0.85% · BEARISH below all · RSI 43.7 (-1.3) · MACD bear · -30.0% · ABOVE POC
GLEN 604.30 · +0.43% · BULLISH above all · RSI 64.9 (+0.7) · MACD bull · -2.8% · ABOVE POC
GSK 1835.50 · -0.60% · BEARISH below all · RSI 39.4 (-1.4) · MACD bear · -19.6% · BELOW POC
HLN 344.55 · -2.34% · BEARISH below all · RSI 34.2 (-6.7 SIGNIFICANT) · MACD bear · -17.2% · BELOW POC · 4-day down streak
HSBA 1579.00 · -0.08% · BULLISH above all · RSI 64.2 (-0.1) · MACD bull · -4.5% · ABOVE POC
III 2788.00 · +0.61% · MIXED below EMA20, above EMA50, below EMA200 · RSI 49.4 (+2.0) · MACD bear · -38.0% · ABOVE POC
IMB 2480.00 · -0.36% · BEARISH below all · RSI 33.7 (-7.2 SIGNIFICANT) · MACD bull · -25.8% · BELOW POC
INF 901.80 · -1.03% · BULLISH above all · RSI 51.7 (-5.4 SIGNIFICANT) · MACD bear · -9.8% · ABOVE POC
LGEN 293.81 · -0.64% · MIXED below EMA20, above EMA50, above EMA200 · RSI 49.1 (-1.5) · MACD bear · -7.6% · ABOVE POC
LLOY 113.45 · +0.75% · BULLISH above all · RSI 55.0 (+4.7) · MACD bull · -3.8% · ABOVE POC · NEW MACD cross
LSEG 8712.00 · -1.34% · BEARISH below all · RSI 49.1 (-2.4) · MACD bull · -14.1% · ABOVE POC · NEW breakdown
NG 1150.00 · -0.09% · BEARISH below all · RSI 38.6 (-1.3) · MACD bear · -19.5% · BELOW POC
NWG 699.60 · -0.03% · BULLISH above all · RSI 56.6 (-0.6) · MACD bear · -3.6% · ABOVE POC
PRU 1023.00 · +0.05% · BEARISH below all · RSI 47.3 (+1.2) · MACD bull · -17.4% · BELOW POC
REL 2560.00 · -2.29% · BEARISH below all · RSI 47.1 (-4.7) · MACD bear · -28.5% · ABOVE POC · NEW breakdown
RIO 7663.00 · +0.29% · BULLISH above all · RSI 61.3 (+0.9) · MACD bear · -15.9% · ABOVE POC
RKT 5086.00 · -0.55% · BEARISH below all · RSI 47.4 (-1.4) · MACD bear · -21.9% · ABOVE POC · week -5.25%
RR. 1489.20 · -0.01% · MIXED below EMA20, above EMA50, above EMA200 · RSI 49.1 (-0.1) · MACD bear · -6.1% · ABOVE POC
RTO 343.60 · -1.38% · BEARISH below all · RSI 34.4 (-3.4) · MACD bull · -32.2% · BELOW POC · ADX 32.6 strongest downtrend
SGE 1032.00 · -1.85% · MIXED below EMA20, above EMA50, above EMA200 · RSI 49.6 (-5.2 SIGNIFICANT) · MACD bear · -12.6% · ABOVE POC · ADX 40.8
SHEL 3475.50 · +1.12% · BULLISH above all · RSI 63.8 (+3.6) · MACD bull · -3.2% · ABOVE POC · ADX 29.6
SSE 2413.00 · +0.50% · BULLISH above all · RSI 52.1 (+1.3) · MACD bull · -15.6% · ABOVE POC · NEW EMA50 reclaim
STAN 2267.00 · +1.02% · BULLISH above all · RSI 62.1 (+3.2) · MACD bull · -0.1% · ABOVE POC · 4-day up streak
TSCO 475.40 · 0.00% · BULLISH above all · RSI 57.3 (+0.7) · MACD bull · -8.7% · ABOVE POC
ULVR 4695.00 · -1.43% · MIXED below EMA20, above EMA50, above EMA200 · RSI 49.5 (-5.9 SIGNIFICANT) · MACD bear · -15.0% · ABOVE POC
VOD 125.30 · -0.24% · BULLISH above all · RSI 67.1 (-0.5) · MACD bull · -1.4% · ABOVE POC · highest RSI on board
WPP 371.50 · -0.91% · MIXED below EMA20, above EMA50, above EMA200 · RSI 52.8 (-1.9) · MACD bear · -10.0% · ABOVE POC

All 40 EMA classifications were re-verified programmatically against close vs each EMA. Zero mismatches.



TOP SWING SETUPS

1. SHEL - LONG (CONTINUING)
Entry: 3442 pullback · Stop: 3383 · T1: 3567 · T2: 3591 · R:R: 2.1 / 2.5
BULLISH above all EMAs (close 3475.50 vs EMA20 3381.45, EMA50 3300.67, EMA200 3110.99). ADX 29.6 is the strongest trend reading among the large caps and MACD just turned bullish. RSI 63.8, +3.6 on the day. Two-day up streak. Entry zone 3442 is triple confluence: classic S1 3442.33, Camarilla S4 3441.13 and Monday's low 3438.50. Stop 3383 is one full ATR (59) below and sits under classic S3 3379.83. POC at 3203.58 is 8% below price - no overhead volume resistance until the 52-week high at 3591.50. Brent at 92 USD with active Iran-US escalation is the fundamental driver. If price simply runs from here without the pullback, the breakout trigger is 3501 (Monday's high) with the same targets.

2. STAN - LONG BREAKOUT (CONTINUING)
Entry: 2272 on break · Stop: 2235 · T1: 2340 · T2: 2400 · R:R: 1.8 / 3.5
BULLISH above all EMAs (close 2267 vs EMA20 2196.45, EMA50 2145.08, EMA200 1886.46). Closed 0.1% below its 52-week high of 2270 after a fourth consecutive up day, week +4.81%, weekly RSI +12.9. RSI 62.1 - strong but not extended. RV 0.66 is the second-heaviest in the universe, so there is real participation behind this one. Entry above 2272 clears the 52-week high into blue sky. Stop 2235 sits below Monday's low of 2244 and below Camarilla S4 2252.70. POC at 2140.31 is far below - clean structure. ADX only 11.9, so this is an early-stage trend rather than an exhausted one.

3. BP - LONG (CONTINUING)
Entry: 541.50 pullback · Stop: 532 · T1: 561.50 · T2: 580 · R:R: 2.1 / 4.1
BULLISH above all EMAs (close 546.90 vs EMA20 533.38, EMA50 527.78, EMA200 504.94). Best performer in the universe on Monday at +1.33% with RSI +3.8 to 58.0 - room to run before overbought. MACD bullish. Entry 541.50 is Camarilla S4 541.51 and classic S1 541.87 overlapping, just above Monday's low of 541.60. Stop 532 is below classic S3 532.07 and, importantly, still above EMA20 - a break there invalidates the whole structure. T1 561.47 is classic R3. POC 515.90 well below. Same oil driver as SHEL but BP sits 10.3% off its 52-week high of 609.40 versus SHEL at 3.2%, so there is more room in the tank.

4. LLOY - LONG (NEW)
Entry: 112.60 pullback · Stop: 110.90 · T1: 115.50 · T2: 117.90 · R:R: 1.7 / 3.1
NEW signal - MACD turned BULLISH today and RSI jumped +4.7 to 55.0, the largest positive RSI delta on the board. BULLISH above all EMAs (close 113.45 vs EMA20 112.15, EMA50 111.20, EMA200 102.01). Week +2.72%. Entry 112.60 is Camarilla S4 112.63 sitting right on top of EMA20 at 112.15 - a textbook confluence pullback. Stop 110.90 is below classic S3 111.00 and below EMA50 111.20. T1 115.50 is classic R3, T2 117.90 is the 52-week high. POC 111.74 is just below the entry, which makes the 111.20-112.15 band a genuinely well-defended shelf. Only 3.8% off its 52-week high with RSI at 55 - unusually low RSI for a stock that close to its highs, which is constructive.

5. REL - SHORT (NEW)
Entry: 2555 on break · Stop: 2622 · T1: 2440 · T2: 2360 · R:R: 1.7 / 2.9
NEW breakdown - crossed BELOW EMA20 and EMA50 on Monday with a MACD BEARISH crossover, and is now BEARISH below all three EMAs (close 2560 vs EMA20 2604.67, EMA50 2570.69, EMA200 2710.44). Fell 2.29% on a second consecutive down day, RSI -4.7 to 47.1. Sits 28.5% below its 52-week high of 3582 - a stock in a structural de-rating, not a dip. Entry 2555 triggers on a break of Monday's low at 2557. Stop 2622 sits above EMA20 and above classic R2 2616.67 - roughly 0.8 ATR (83.84). T1 2440, T2 2360. Caveat: POC at 2522.43 is only 1.5% below the entry, so expect the first real fight there; consider banking half at 2525. The whole Media and Business Services sector fell 1.39% on Monday, so this is a sector trade as much as a stock trade.



INTRADAY SETUPS

1. SHEL - CAMARILLA BREAKOUT LONG
Trigger: above 3509.88 (Cam R4) · Entry: 3510 · Stop: 3492 · T1: 3534 · T2: 3567 · R:R: 2.3 / 3.2
Classic Camarilla momentum long: a clean break above R4 signals trend-day conditions. Cam R4 3509.88 also sits just above Monday's high of 3501, so the trigger doubles as a prior-high break. Stop 3492 is back under Cam R3 3492.69 - if price falls back inside the Camarilla envelope, the breakout has failed. T1 is classic R2 3534.17, T2 classic R3 3567.33. Direction long. Why: strongest ADX in the large-cap group at 29.6, fresh MACD bullish cross, and a live oil catalyst.

2. LLOY - CAMARILLA RANGE LONG
Trigger: tag of 113.04 (Cam S3) · Entry: 113.05 · Stop: 112.55 · T1: 113.59 · T2: 114.00 · R:R: 1.1 / 1.9
Standard Camarilla mean-reversion: with price opening inside the S3-R3 envelope, buy the S3 tag and target R1 then the classic pivot resistance. Cam S3 113.04 is almost exactly the classic pivot 113.05 - strong confluence. Stop 112.55 goes below Cam S4 112.63 (a break of S4 flips the day to trend-down mode, so the range trade is void). T1 Cam R1 113.59 is also Monday's high 113.60. T2 classic R1 114.00. Direction long. Why: bullish daily structure, fresh MACD cross, price above POC 111.74.

3. TSCO - CAMARILLA RANGE LONG
Trigger: tag of 473.12 (Cam S3) · Entry: 473.15 · Stop: 470.30 · T1: 476.92 · T2: 479.77 · R:R: 1.3 / 2.3
TSCO closed dead flat at 475.40, effectively on its classic pivot of 475.83 - a coiled, balanced open. Buy the Cam S3 tag at 473.12, stop 470.30 below Cam S4 470.84 and below POC 464.54's approach. T1 Cam R3 476.92, T2 classic R1 479.77 (also near Monday's high 480.20). Direction long. Why: TSCO is the only BULLISH-above-all-EMAs name in an otherwise broken Consumer Staples sector, sits above POC 464.54, ADX 24.0, and is on a 3-day up streak. Relative strength within a weak sector is a high-quality tell. Note RV is only 0.12 - very thin, so keep size modest.

4. BAE - CAMARILLA BREAKDOWN SHORT
Trigger: below 1930 (Cam S4) · Entry: 1929 · Stop: 1945 · T1: 1906.50 · T2: 1890 · R:R: 1.4 / 2.4
BAE closed at 1946.50, exactly on Monday's low - a close on the lows is a continuation tell. Fifth consecutive down day, BEARISH below all three EMAs (EMA20 2062.06, EMA50 2047.67, EMA200 1979.84), below POC 1981.12, and ADX 30.7 confirms a genuine trend rather than noise. A break of Cam S4 1930 opens the breakdown leg. Stop 1945 is tight, just above the Monday close. T1 classic S3 1906.50. Direction short. Caveat: RSI is already 30.6 and approaching oversold, so this is a momentum-continuation trade with limited room - take T1 and do not press it.

5. REL - CAMARILLA BREAKDOWN SHORT
Trigger: below 2535.80 (Cam S4) · Entry: 2535 · Stop: 2558 · T1: 2500.33 · T2: 2470 · R:R: 1.5 / 2.8
The intraday expression of the swing short above. Break below Cam S4 2535.80 confirms trend-down conditions. Stop 2558 is just above Monday's low 2557 - if price reclaims the prior low the breakdown has failed. T1 classic S3 2500.33, T2 2470. Direction short. Why: fresh EMA20 and EMA50 breaks, MACD bearish crossover, weakest sector on the board. Caveat: POC 2522.43 sits between entry and T1 - expect a pause there and consider a partial.



KEY LEVELS DASHBOARD

SHEL - close 3475.50
Cam: S4 3441.13 · S3 3458.31 · S1 3469.77 || R1 3481.23 · R3 3492.69 · R4 3509.88
Classic: S3 3379.83 · S2 3409.17 · S1 3442.33 · Pivot 3471.67 · R1 3504.83 · R2 3534.17 · R3 3567.33
EMAs: 20 at 3381.45 · 50 at 3300.67 · 200 at 3110.99 · POC 3203.58
Prev H/L: 3501.00 / 3438.50 · 52w H/L: 3591.50 / 2553.77 · ATR 59.00

STAN - close 2267.00
Cam: S4 2252.70 · S3 2259.85 · S1 2264.62 || R1 2269.38 · R3 2274.15 · R4 2281.30
Classic: S3 2224.67 · S2 2234.33 · S1 2250.67 · Pivot 2260.33 · R1 2276.67 · R2 2286.33 · R3 2302.67
EMAs: 20 at 2196.45 · 50 at 2145.08 · 200 at 1886.46 · POC 2140.31
Prev H/L: 2270.00 / 2244.00 · 52w H/L: 2270.00 / 1351.50 · ATR 49.25

LLOY - close 113.45
Cam: S4 112.63 · S3 113.04 · S1 113.31 || R1 113.59 · R3 113.86 · R4 114.28
Classic: S3 111.00 · S2 111.55 · S1 112.50 · Pivot 113.05 · R1 114.00 · R2 114.55 · R3 115.50
EMAs: 20 at 112.15 · 50 at 111.20 · 200 at 102.01 · POC 111.74
Prev H/L: 113.60 / 112.10 · 52w H/L: 117.90 / 80.34 · ATR 2.06

BP - close 546.90
Cam: S4 541.51 · S3 544.21 · S1 546.00 || R1 547.80 · R3 549.60 · R4 552.29
Classic: S3 532.07 · S2 536.83 · S1 541.87 · Pivot 546.63 · R1 551.67 · R2 556.43 · R3 561.47
EMAs: 20 at 533.38 · 50 at 527.78 · 200 at 504.94 · POC 515.90
Prev H/L: 551.40 / 541.60 · 52w H/L: 609.40 / 399.35 · ATR 14.35

GLEN - close 604.30
Cam: S4 598.69 · S3 601.50 · S1 603.37 || R1 605.24 · R3 607.11 · R4 609.91
Classic: S3 587.53 · S2 591.17 · S1 597.73 · Pivot 601.37 · R1 607.93 · R2 611.57 · R3 618.13
EMAs: 20 at 584.93 · 50 at 566.05 · 200 at 511.71 · POC 551.00
Prev H/L: 605.00 / 594.80 · 52w H/L: 621.50 / 286.36 · ATR 15.14



BEARISH WARNINGS

FRESH BREAKDOWNS - highest priority

DGE 1624.75 - crossed BELOW EMA50 (1650.40) AND EMA200 (1651.25) in one session. Now BEARISH below all three EMAs. RSI -6.1 to 41.3, ADX 22.6. The EMA50/EMA200 cluster at 1650-1651 is now overhead resistance. POC 1621.18 is the immediate line in the sand - lose that and there is air down to 1594.50 (classic S3).

REL 2560.00 - crossed BELOW EMA20 AND EMA50, MACD bearish crossover, now BEARISH below all three EMAs. -2.29% on the day. 28.5% off its 52-week high. See the short setup above.

LSEG 8712.00 - crossed BELOW EMA20 (8749.02) AND EMA50 (8759.65). Now BEARISH below all three EMAs. Second down day, -1.34%. ADX is only 9.2 so this is a drift rather than a rout, but the structure has broken and POC 8618.40 is the next support.

ULVR 4695.00 - crossed BELOW EMA20 (4716.31) with a MACD bearish crossover. RSI -5.9 to 49.5. Not yet fully broken - still above EMA50 4651.42 and EMA200 4686.43 - but those two sit within 35 points of each other just below price, and losing that cluster would flip ULVR to bearish below all.

LGEN, SGE, ABF and WPP all crossed BELOW EMA20 on Monday. SGE is the one to watch: -1.85% with RSI -5.2 and an ADX of 40.8, the highest reading on the entire board.

ESTABLISHED DOWNTRENDS

HLN 344.55 - the worst name on the board. Fourth straight down day, week -7.05%, weekly RSI -22.9. BEARISH below all three EMAs, which are bunched at 360-362 and now act as a wall. 52-week low is 317.80. RV 0.84 is the second-highest in the universe, so the selling is real, not thin-tape drift.

BAE 1946.50 - fifth straight down day, closed on its low, ADX 30.7, below POC 1981.12. RSI 30.6 means a bounce is possible at any time, but the trend is intact and the EMA20/EMA50 cluster at 2048-2062 is a long way overhead.

RTO 343.60 - ADX 32.6, the strongest downtrend on the board. BEARISH below all three EMAs (20 at 355.66, 50 at 383.36, 200 at 421.42 - a perfect bearish stack). 32.2% off its 52-week high and only 4.2% above its 52-week low of 329.60. Fourth down day. RV 0.09 is the thinnest in the universe - handle with care.

IMB 2480.00 - largest single-day RSI drop at -7.2 to 33.7. BEARISH below all three EMAs with a perfect bearish stack (20 at 2566.30, 50 at 2658.17, 200 at 2841.50). Monday's low of 2459.00 IS the 52-week low - it printed a new 52-week low intraday and closed above it. A close below 2459 opens fresh downside.

RKT 5086.00 - crossed below EMA50 last week, week -5.25%, weekly RSI -16.9. BEARISH below all three EMAs. EXPN 2790.00 - week -6.09%, 30.0% off its 52-week high. BATS 4080.00 - BEARISH below all EMAs with RV 1.09, the heaviest volume in the universe, which makes the decline more credible than most.

MOMENTUM ROLLOVERS
RIO, ANTO and INF all printed MACD BEARISH crossovers while still trading above all their EMAs. That is a momentum warning inside an intact uptrend - not a short signal yet, but a reason to tighten trailing stops on existing longs in mining.



EVENTS CALENDAR

Ex-dividend - week of 08 September
Six FTSE 100 names go ex-dividend during September: Aviva (AV), Admiral (ADM), Prudential (PRU), Antofagasta (ANTO), Endeavour Mining and Lion Finance Group. Together they are just over 3% of the index by weight, versus more than half of the index in August's bumper month - so index-level ex-div drag this month is minor.

Thursday 10 September: PRU marked ex-dividend, ahead of a 22 October payment. PRU raised its interim dividend 15% to 8.88 US cents. Note PRU is currently BEARISH below all three EMAs and 17.4% off its 52-week high - the ex-div mark will add a small mechanical drop on top of an already weak chart. Factor it in before reading Thursday's candle as fresh selling.

AV, ADM and ANTO ex-div dates fall within September - check the exact dates before holding any of these three through the mark. ADM was the second-best performer on Monday at +1.10% and ANTO is BULLISH above all EMAs but just printed a MACD bearish crossover.

Macro
BoE Bank Rate stands at 3.75% after the 30 July hold. July CPI came in at 2.9% (up from 2.6%), with the BoE projecting a peak near 3.2% in Q4 2026. Q2 GDP grew 0.4% q/q. With Brent at 92 USD and the Iran-US tanker escalation live, the inflation path is the dominant macro risk this week - watch for any rate-hike repricing, which would extend the bank strength and deepen the pressure on rate-sensitive defensives.

Fiscal
Chancellor John Healey's spending-restraint pledge ahead of next month's Budget was cited as a drag on Monday's session. Budget positioning is likely to keep a lid on domestically-exposed names into October.

Sector catalyst
The Iran-US situation is the live wire. Escalation extends the SHEL and BP trades; any de-escalation headline unwinds them fast. Both setups above should be treated as headline-sensitive - do not hold oversized positions through the overnight session.



SUMMARY

A flat index masking a sharply two-tone market. Energy and banks are where the money is going: SHEL, BP, STAN, LLOY, HSBA and NWG all BULLISH above all EMAs, with fresh MACD bullish crossovers in SHEL, LLOY, PRU and SSE. Consumer staples, healthcare and business services are where it is leaving: DGE, REL and LSEG all broke down through multiple EMAs in a single session, HLN is down 7% on the week, and Media and Business Services fell 1.39% as a bloc.

The cleanest longs are SHEL and STAN. The cleanest short is REL. The biggest risk to all of it is the thin tape - median relative volume of 0.26 means Monday's levels were set on very little participation, so wait for confirmation rather than anticipating.

Not financial advice. Always DYOR. Capital at risk.