FTSE 100 Daily Technical Analysis & Setups

Friday 28 August 2026
Data: close Thursday 27 Aug 2026 (latest scanner snapshot, 40 FTSE names) · UKX cash close: 10,792.54 (-0.8%) · Futures: 10,482.3 - see contract-roll note


MARKET OVERVIEW

The FTSE 100 closed Thursday at 10,792.54, down 0.8% - its steepest one-day fall in a month and a half. London was badly out of step with a firm Wall Street session.

Banks led the drag as gilt yields fell, with investors pushing the Bank of England's next quarter-point hike out to 2027. UK 10-year gilt yields dropped below 5%, the lowest since 14 August, helped by falling oil prices on hopes the Strait of Hormuz could reopen. Oil majors Shell and BP each shed around 1.5%.

Technology was the one bright spot, up around 1% sectorally on Nvidia's guidance for a 70% revenue jump next fiscal year - and that read-across is visible right through our scanner set: SGE, LSEG, REL and EXPN were the four biggest gainers on the day.

FUTURES - CONTRACT ROLL WARNING. The FTSE 100 future is quoted at 10,482.3 (opened 10,493.6, range 10,445.8-10,507.7, volume 9,309). That is roughly 310 points BELOW the cash close. This is NOT a 3% gap down. It is the dividend discount on a far-dated quarterly contract following the roll. Do not trade off that number as a directional signal. On news tone alone - firm US tech, softer gilt yields, oil lower - the honest read is neutral to modestly firmer into the open, with the bank and energy complex still the drag.

Note on the data: the scanner snapshot is Thursday 27 Aug's close (received 20:11 UTC). That IS the most recent completed trading session, so all levels below are live for today's session. The webhook also carried a mislabelled US/NASDAQ entry at 21:32 - discarded by constituent-membership filter, no US names used.



NOTABLE CHANGES - DAY OVER DAY

LSEG - the single most significant move in the book. +3.36% to 8,980. RSI surged 9 points to 58.6. Crossed ABOVE EMA50 (8,747.71) AND ABOVE EMA200 (8,936.12) on the same session. Week +4.25%. A genuine trend-change signal, on normal volume (rv 1.02).

REL +3.17% to 2,668 with a fresh MACD bullish crossover and RSI +5.7 to 57.1. Now above EMA20 and EMA50, still 47pts below EMA200 (2,715.77) - the next test.

SGE +3.81% to 1,103.5, the day's biggest gainer. RSI +6.4 to 67.3. ADX 48.9 is the strongest trend reading in the entire set. Caveat: MACD is still below signal and rv only 0.69.

GSK - the worst structural break of the day. -2.50% to 1,852. Crossed BELOW EMA200 (1,889.73) AND printed a MACD bearish crossover. RSI -7.2 to 41.1. Now below all three EMAs and 4.4% under its 60-day POC. Week -3.39%.

SSE - triple breakdown. -1.45% to 2,381. Crossed BELOW EMA20 (2,396.75), BELOW EMA50 (2,408.19) and BELOW POC (2,399.18) in one session. RSI -5.6 to 46.9. Only EMA200 (2,345.45) left underneath.

LLOY -2.15% to 109.3. Crossed BELOW EMA50 (111.07) and BELOW POC (110.35). RSI -6.9 to 39.2 - the weakest momentum reading among the banks.

SHEL -1.78% to 3,311. Crossed BELOW EMA20 (3,339.31) on a 5-day down streak. RSI -7.2 to 49.3. Week -2.76%.

BP -1.40% to 515.4. 5-day down streak, week -5.74% - the worst weekly performer in the set. RSI -14.5 on the week.

PRU -2.50% to 1,013.5 with a MACD bearish crossover and a POC break, on the heaviest insurer volume (rv 1.23).

Also crossed below EMA20: AZN, HSBA, DGE, RKT. TSCO crossed below EMA200 (456.68). NG printed a MACD bearish crossover.

Heavy volume flags: ADM rv 1.68 and EXPN rv 1.64 - the only two genuinely well-supported moves in the book.



SECTOR HEATMAP

TECH / DATA / INFO - STRONGEST. SGE +3.81, LSEG +3.36, REL +3.17, EXPN +2.63, III -0.35, RTO -0.20. A clean, coordinated sector move on the Nvidia read-across. Four of the day's top five gainers sit here. This is where the money went.

MINING / RESOURCES - STRUCTURALLY STRONGEST. AAL +0.55, ANTO +0.37, RIO -0.44, GLEN -0.58. Modest on the day but all four are above all three EMAs - the only sector where that is true across the board. AAL and ANTO both on 5-day up streaks (weeks +4.07% and +3.04%). Note GLEN went ex-dividend Thursday, so its -0.58% is technical, not weakness. Backdrop: copper strength, a softer dollar, and Antofagasta's cut 2026 guidance (625-655kt, down from 650-700kt) after Chilean storm disruption at Los Pelambres - a supply-side positive for the price.

BANKS - UNIFORMLY HIT. LLOY -2.15, NWG -1.97, STAN -1.60, BARC -1.39, HSBA -1.20. Every single name down, every single one now below its EMA20. The BoE-hike-to-2027 repricing is the whole story. LLOY and BARC are the weakest (both below EMA20 and EMA50, RSI 39-41).

ENERGY - WEAKEST. SHEL -1.78, BP -1.40. Both on 5-day down streaks. Hormuz reopening hopes are pressuring crude.

PHARMA / HEALTH - WEAK. GSK -2.50, HLN -1.02, AZN -0.98. GSK and AZN both below all EMAs and below POC. HLN is the exception - above all three EMAs.

CONSUMER STAPLES / TOBACCO - BROADLY WEAK. BATS -2.03, DGE -2.02, IMB -1.41, TSCO -1.17, RKT -0.81, ULVR -0.42. IMB is the ugliest: below all EMAs, RSI 36.2, 24.5% off its 52-week high and only 47p above its 52-week low.

UTILITIES - WEAK DESPITE LOWER YIELDS. NG -1.90, SSE -1.45. Both broke down. Notable that falling gilt yields did NOT rescue them.

MIXED - INSURERS. ADM -1.26 (but on 1.68x volume and 1.3% off its 52-week high), AV -0.99, LGEN +0.03 (4-day up streak), PRU -2.50.

Breadth: 10 up, 30 down across the 40-name universe.



DAILY TECHNICAL SIGNALS

Strict EMA classification. Every line below was re-verified programmatically against close vs EMA20 / EMA50 / EMA200 - zero mismatches across all 40 names.

BULLISH - above all three EMAs (15 names)
SGE 1103.5 (+3.81%) RSI 67.3 · MACD bear · -6.6% off 52wH · above POC · RSI +6.4
LSEG 8980 (+3.36%) RSI 58.6 · MACD bull · -11.4% · above POC · RSI +9.0 · crossed above EMA50+EMA200
EXPN 3045 (+2.63%) RSI 63.2 · MACD bull · -23.6% · above POC · rv 1.64
WPP 384.3 (+0.79%) RSI 60.0 · MACD bear · -6.9% · above POC · ADX 40.1
AAL 4243 (+0.55%) RSI 66.0 · MACD bull · -0.9% · above POC · 5-day up streak
ANTO 4039 (+0.37%) RSI 59.9 · MACD bull · -9.7% · above POC · 5-day up streak
BNZL 2782 (-0.14%) RSI 54.0 · MACD bear · -3.6% · above POC
ULVR 4752 (-0.42%) RSI 56.4 · MACD bull · -14.0% · above POC
RIO 7688 (-0.44%) RSI 63.7 · MACD bull · -15.7% · above POC · rv 0.44 thin
GLEN 595.3 (-0.58%) RSI 63.3 · MACD bull · -4.2% · above POC · ex-div Thu
ABF 2064 (-0.72%) RSI 53.4 · MACD bear · -12.5% · above POC
RR. 1529.8 (-0.86%) RSI 56.5 · MACD bear · -3.5% · above POC
AV 722.0 (-0.99%) RSI 58.6 · MACD bear · -2.5% · above POC · RSI -5.3
HLN 369.5 (-1.02%) RSI 56.2 · MACD bull · -11.2% · above POC
ADM 4076 (-1.26%) RSI 67.1 · MACD bull · -1.3% · above POC · rv 1.68 heavy

BULLISH - above EMA20/50, below EMA200 (2 names, RECOVERING)
REL 2668 (+3.17%) RSI 57.1 · MACD bull · -25.5% · above POC · MACD bullish crossover · EMA200 at 2715.77
III 2834 (-0.35%) RSI 54.0 · MACD bear · -37.0% · above POC

MIXED (9 names)
BAE 2092 (+0.19%) below EMA20, above EMA50, above EMA200 · RSI 47.1 · above POC
INF 891.2 (-0.27%) below EMA20, above EMA50, above EMA200 · RSI 47.3 · above POC
VOD 117.1 (-0.68%) below EMA20, above EMA50, above EMA200 · RSI 49.7 · above POC
RKT 5116 (-0.81%) below EMA20, above EMA50, below EMA200 · RSI 50.0 · above POC
HSBA 1504 (-1.20%) below EMA20, above EMA50, above EMA200 · RSI 46.5 · RSI -5.8
STAN 2147 (-1.60%) below EMA20, above EMA50, above EMA200 · RSI 47.0
SHEL 3311 (-1.78%) below EMA20, above EMA50, above EMA200 · RSI 49.3 · RSI -7.2
NWG 678.4 (-1.97%) below EMA20, above EMA50, above EMA200 · RSI 44.3 · RSI -7.2
DGE 1701.5 (-2.02%) below EMA20, above EMA50, above EMA200 · RSI 51.9 · RSI -5.6

BEARISH - below EMA20/50, above EMA200 (5 names)
LGEN 291.2 (+0.03%) RSI 44.4 · below POC · 4-day up streak
BARC 492.6 (-1.39%) RSI 40.8 · below POC
BP 515.4 (-1.40%) RSI 44.1 · above POC · 5-day down streak
SSE 2381 (-1.45%) RSI 46.9 · below POC · triple breakdown
LLOY 109.3 (-2.15%) RSI 39.2 · below POC · RSI -6.9

BEARISH - below all three EMAs (9 names)
CPG 3049 (+1.36%) RSI 40.5 · MACD bear · -18.6% · below POC (pence-scale corrected)
RTO 344.4 (-0.20%) RSI 30.1 · MACD bull · -32.1% · below POC · deepest oversold in the set
AZN 12114 (-0.98%) RSI 47.3 · MACD bull · -23.0% · below POC
TSCO 455.0 (-1.17%) RSI 43.1 · MACD bear · -12.6% · below POC · fresh EMA200 break
IMB 2523 (-1.41%) RSI 36.2 · MACD bear · -24.5% · below POC
NG 1160 (-1.90%) RSI 39.2 · MACD bear · -18.8% · below POC · MACD bearish crossover
BATS 4152 (-2.03%) RSI 41.6 · MACD bull · -17.0% · below POC
PRU 1013.5 (-2.50%) RSI 42.4 · MACD bear · -18.1% · below POC · rv 1.23
GSK 1852 (-2.50%) RSI 41.1 · MACD bear · -18.8% · below POC · fresh EMA200 break



TOP SWING SETUPS

1. LSEG - LONG - NEW (highest conviction)
The cleanest trend-change signal in the book. Reclaimed EMA50 (8,747.71) and EMA200 (8,936.12) in a single session, RSI surged 9 points, and it did so on normal-to-decent volume (rv 1.02) rather than a thin-tape squeeze. Sits 11.4% below its 52-week high (10,140) so there is real headroom. POC 8,658.51 well below - price is in acceptance territory above value.
Entry: 8,980 or a pullback to 8,940 · Stop: 8,710 · T1: 9,309 · T2: 9,543 · R:R: 1.2 / 2.1
Invalidation: a daily close back below EMA200 at 8,936 kills the thesis outright. ATR 268.75 - size accordingly, this is a wide-range name.

2. ADM - LONG - CONTINUING (best volume confirmation)
Above all three EMAs, RSI 67.1, ADX 27.6, MACD bullish, and just 1.3% off its 52-week high (4,128). Critically it is the heaviest relative volume in the set at rv 1.68 - genuine participation, not drift. Thursday's -1.26% on heavy volume into a 52-week-high area reads as absorption rather than distribution, given the intact structure. POC 3,630.89 far below.
Entry: break above 4,110 · Stop: 4,020 · T1: 4,210 · T2: 4,300 · R:R: 1.1 / 2.1
Confluence: entry trigger sits on R1 4,104 and Thursday's high 4,106. Stop sits just under classic S2 4,024.

3. AAL - LONG - CONTINUING (52-week-high breakout)
Five-day up streak, week +4.07%, above all three EMAs, RSI 66, MACD bullish, and only 0.9% from its 52-week high of 4,280. The metals rally, softer dollar and improving iron ore and copper sentiment are the fundamental backdrop.
Entry: break above 4,285 · Stop: 4,155 · T1: 4,415 · T2: 4,540 · R:R: 1.0 / 2.0
Caution: rv only 0.81 - the streak is running on thin volume. Wait for the breakout candle to print above-average volume before committing full size. No breakout, no trade.

4. ANTO - LONG - CONTINUING (more headroom than AAL)
Same 5-day up streak and same above-all-EMAs structure as AAL, but 9.7% off its 52-week high (4,475) versus AAL's 0.9% - far more room before it runs into supply. Supply-side story is supportive: 2026 guidance cut to 625-655kt after Chilean storm damage at Los Pelambres, which tightens the copper balance.
Entry: 4,045 on a break of Thursday's 4,043 high · Stop: 3,900 · T1: 4,200 · T2: 4,360 · R:R: 1.1 / 2.2
Caution: rv 0.49 is the thinnest in the mining group. Widen stops or halve size. ATR 159.

5. GSK - SHORT - NEW
Broke below EMA200 (1,889.73) AND printed a MACD bearish crossover on the same day, with RSI dropping 7.2 points to 41.1. Now below all three EMAs and 4.4% below its POC of 1,938.03 - price has rejected the value area from above. Sector context is unhelpful: pharma was among the weakest groups.
Entry: below 1,845 · Stop: 1,902 · T1: 1,785 · T2: 1,740 · R:R: 1.1 / 1.9
Invalidation: a reclaim of EMA200 at 1,889.73 on a closing basis. Note rv 0.65 - the break happened on light volume, which is the one weak link in this setup. ADX only 10.8, so no established trend yet - this is an early entry, not a confirmed one.



INTRADAY SETUPS - CAMARILLA

All five names closed inside their Camarilla S3-R3 band, which is the classic mean-reversion configuration. Trade the extremes, in the direction of the daily trend where possible.

1. LLOY - SHORT at R3 (best confluence of the day)
Entry: 110.19 · Stop: 111.09 · T1: 109.00 · T2: 108.41 · R:R: 1.3 / 2.0
Why: R3 at 110.19 sits in a triple-confluence pocket with the classic pivot at 110.28 and the 60-day POC at 110.35, which price just rejected from above. Fresh break below EMA50 (111.07), RSI collapsed 6.9 points to 39.2, weakest bank in the group, and the sector has a clear macro headwind. Stop at R4 111.09 is comfortably under EMA20 at 112.45.

2. SHEL - SHORT at R3
Entry: 3,326.81 · Stop: 3,342.63 · T1: 3,305.73 · T2: 3,295.19 · R:R: 1.3 / 2.0
Why: R3 sits just 12 points under EMA20 at 3,339.31 - a rally into R3 is a rally straight into resistance. Fifth consecutive down day, RSI -7.2, week -2.76%, and crude under pressure on Hormuz reopening hopes. rv 0.97 so the selling is genuine, not thin drift.

3. LSEG - LONG at S3
Entry: 8,870.55 · Stop: 8,761.10 · T1: 9,016.48 · T2: 9,089.45 · R:R: 1.3 / 2.0
Why: Buying the dip in the strongest fresh signal in the book. S3 at 8,870.55 is 65 points below the reclaimed EMA200 (8,936.12), so a tag of S3 is a retest of the breakout from underneath - if it holds, the reclaim is confirmed. Stop at S4 8,761.10.
Caveat: if price closes below EMA200 rather than wicking through it, stand aside - the swing thesis is already broken at that point.

4. AAL - LONG at S3
Entry: 4,225.59 · Stop: 4,208.19 · T1: 4,248.80 · T2: 4,260.41 · R:R: 1.3 / 2.0
Why: Camarilla S3 at 4,225.59 sits within 0.3 points of the classic pivot at 4,225.90 - a very tight confluence shelf. Daily trend is bullish and on a 5-day streak, so this is a with-trend dip buy.
Caution: stop at S4 4,208.19 sits ABOVE Thursday's low of 4,185.70, so a hard morning flush can stop you out before the real support. Tight risk, tight stop - accept the higher stop-out rate or wait for a reclaim of S3 before entering.

5. ANTO - LONG at S3
Entry: 4,023.33 · Stop: 4,007.65 · T1: 4,044.23 · T2: 4,054.68 · R:R: 1.3 / 2.0
Why: Same with-trend dip-buy logic as AAL, on a name with far more headroom to its 52-week high. S3 4,023.33 is effectively on the classic pivot at 4,022.67. T1 at R1 4,044.23 is just above Thursday's 4,043 high.
Caution: rv 0.49 - the thinnest tape in the setup list. Expect slippage; widen the stop or cut size.



KEY LEVELS DASHBOARD

LSEG close 8,980 · ATR 268.75 · RSI 58.6
Cam: S4 8761.10 · S3 8870.55 · S1 8943.52 || R1 9016.48 · R3 9089.45 · R4 9198.90
Classic: S3 8348.67 · S2 8513.33 · S1 8746.67 · Pivot 8911.33 · R1 9144.67 · R2 9309.33 · R3 9542.67
EMA20 8708.30 · EMA50 8747.71 · EMA200 8936.12 · POC 8658.51
Prev H/L 9076 / 8678 · 52wk H/L 10140 / 6684

AAL close 4,243 · ATR 128.71 · RSI 66.0
Cam: S4 4208.19 · S3 4225.59 · S1 4237.20 || R1 4248.80 · R3 4260.41 · R4 4277.82
Classic: S3 4139.50 · S2 4162.60 · S1 4202.80 · Pivot 4225.90 · R1 4266.10 · R2 4289.20 · R3 4329.40
EMA20 3992.59 · EMA50 3861.30 · EMA200 3501.13 · POC 3833.35
Prev H/L 4249 / 4185.70 · 52wk H/L 4280 / 2215

ANTO close 4,039 · ATR 159.01 · RSI 59.9
Cam: S4 4007.65 · S3 4023.33 · S1 4033.78 || R1 4044.23 · R3 4054.68 · R4 4070.35
Classic: S3 3945.33 · S2 3965.67 · S1 4002.33 · Pivot 4022.67 · R1 4059.33 · R2 4079.67 · R3 4116.33
EMA20 3851.27 · EMA50 3820.13 · EMA200 3526.36 · POC 3836.05
Prev H/L 4043 / 3986 · 52wk H/L 4475 / 2115

LLOY close 109.30 · ATR 2.17 · RSI 39.2
Cam: S4 107.51 · S3 108.41 · S1 109.00 || R1 109.60 · R3 110.19 · R4 111.09
Classic: S3 104.92 · S2 107.03 · S1 108.17 · Pivot 110.28 · R1 111.42 · R2 113.53 · R3 114.67
EMA20 112.45 · EMA50 111.07 · EMA200 101.42 · POC 110.35
Prev H/L 112.40 / 109.15 · 52wk H/L 117.90 / 77.38

SHEL close 3,311 · ATR 59.22 · RSI 49.3
Cam: S4 3279.38 · S3 3295.19 · S1 3305.73 || R1 3316.27 · R3 3326.81 · R4 3342.63
Classic: S3 3232.33 · S2 3268.67 · S1 3289.83 · Pivot 3326.17 · R1 3347.33 · R2 3383.67 · R3 3404.83
EMA20 3339.31 · EMA50 3265.72 · EMA200 3091.40 · POC 3169.12
Prev H/L 3362.50 / 3305 · 52wk H/L 3591.50 / 2553.77



BEARISH WARNINGS

Prioritised by freshness of the breakdown.

GSK - FRESH EMA200 BREAK. Lost 1,889.73 on Thursday alongside a MACD bearish crossover. Below all three EMAs, 4.4% below POC 1,938.03, RSI 41.1. Two negative signals in one session is the strongest bearish tell in the book. Avoid longs until 1,889.73 is reclaimed.

TSCO - FRESH EMA200 BREAK. Closed 455.0 against an EMA200 of 456.68 - a marginal break, but combined with EMA20 462.28 and EMA50 465.85 overhead and RSI 43.1, the whole structure has rolled. ADX 32 says the downtrend has real momentum. Below POC 464.51.

SSE - TRIPLE BREAKDOWN. Lost EMA20, EMA50 and POC in a single session. Only EMA200 at 2,345.45 stands between here and open air - a break of that is a clean short trigger. Watch it.

LLOY - LOST EMA50 AND POC. Weakest RSI in the banking group at 39.2. The BoE repricing is a sector-wide, not stock-specific, headwind, so expect it to persist rather than snap back.

PRU - MACD BEARISH CROSSOVER PLUS POC BREAK on the heaviest volume in the insurance group (rv 1.23). Below all three EMAs. Heavy volume on a breakdown is meaningful - this one has conviction behind it.

BP - FIVE-DAY DOWN STREAK, WEEK -5.74%. Worst weekly performer in the set, RSI -14.5 on the week. Below EMA20 (529.04) and EMA50 (525.02), holding above EMA200 (502.92). POC 515.34 is effectively at the close (515.40) - a decisive loss of 515 opens the door to the 200-day.

IMB - THE UGLIEST CHART IN THE BOOK. Below all EMAs, RSI 36.2, 24.5% off its 52-week high, and only 47p above the 52-week low of 2,476. No bounce signal present.

NG - MACD BEARISH CROSSOVER, below all EMAs, RSI 39.2, below POC 1,213.62. Failed to benefit from falling gilt yields, which is a bad sign for a bond-proxy utility.

One to watch on the other side: RTO has the most oversold reading in the book at RSI 30.1 with a MACD bullish crossover already in place and price sitting 4.8p above its 52-week low of 329.60. It is below all three EMAs so there is no trend support yet, and ADX 37.9 says the downtrend is strong - but a reversal candle here is worth a small speculative look. Not a trade until it prints one.



EVENTS CALENDAR

TODAY - Friday 28 August
15:00 UK - US BLS publishes the preliminary estimate of the annual benchmark revision to establishment survey data. This can move rate expectations and therefore gilt yields and the UK bank complex. Watch LLOY, BARC, NWG, HSBA, STAN around the release.
Month-end Friday - expect index rebalancing flows and thinner liquidity into the close.

RECENTLY EX-DIVIDEND
GLEN went ex-dividend Thursday 27 Aug - its -0.58% is mechanical, not a technical signal. Do not read it as weakness.
LGEN, BT.A and NWG have all been marked ex-dividend during August. 41 dividend payments land across the month in total.

NEXT WEEK
Friday 4 September - US Non-Farm Payrolls. The single biggest scheduled risk event on the near-term calendar.
UK S&P Global and CIPS Manufacturing and Services PMI releases fall in the first week of September - exact dates not confirmed at the time of writing, so check the calendar before sizing anything into early next week.
Bank of England - with the next quarter-point hike now priced out to 2027, any hawkish repricing would hit the rate-sensitive names hardest in both directions.

KEY MACRO TO TRACK
Strait of Hormuz reopening progress - directly drives crude and therefore SHEL and BP.
Copper price and the dollar - directly drives AAL, ANTO, GLEN and RIO, the strongest structural group in the book.
US tech momentum post-Nvidia - the read-across to SGE, LSEG, REL and EXPN was the entire bright spot on Thursday.



Not financial advice. Always DYOR. Capital at risk.

Thursday 27 August 2026
Data: close Wed 26 Aug 2026 (latest scanner snapshot, 40 FTSE names) · UKX cash close 10,887 (+0.6 pts, +0.01%) · Futures: front UK 100 future 10,482 — see contract-roll note below


MARKET OVERVIEW

The FTSE 100 cash index closed Wednesday at 10,887, essentially unchanged (+0.6 pts), snapping a six-session winning streak. Miners carried the index while oil and pharma dragged.

Futures note (read this before you fade anything): the quoted UK 100 future is trading around 10,482 versus cash at 10,887 — roughly 405 points below spot. That is NOT a 400-point gap-down signal. The front contract has rolled to a far-dated quarterly and is discounting a large block of UK dividends. Read direction from cash and news tone, not from that spread.

Overnight / macro drivers
Nvidia beat and guided higher after the US close on Wednesday: revenue $96.2bn vs $91.9bn consensus, adjusted EPS $2.22 vs $2.08, and Q3 revenue guidance of ~$108bn versus ~$104bn expected. That is a clean double beat and removes the single biggest overhang that had London treading water into the print. Tone into the UK open is constructive / risk-on.

Oil remains the drag. Brent fell for a third straight session, off more than 2% to around $86.45, after Iran and Oman confirmed talks on a "joint temporary navigational corridor" through the Strait of Hormuz and agreed to clear mines. If the corridor reopens, a fifth of world seaborne crude returns to market. BP and Shell wear that directly.

Ofgem confirmed the domestic energy price cap rises 4% from October on higher wholesale gas linked to the Middle East conflict — sticky-inflation input for the UK rate path.

FTSE Russell's reshuffle has flagged Entain and Persimmon for removal from the FTSE 100; both stayed under pressure.

Net read: mildly positive open expected. Miners and banks are where the trend is. Oil is a short-side lane, not a dip-buy, until Hormuz headlines resolve.



NOTABLE CHANGES (day over day)

SGE (Sage) -3.89% — the day's worst FTSE name in our set. RSI collapsed -12.9 pts to 60.9, MACD printed a BEARISH crossover, ADX 49 (strongest trend reading in the universe). Still technically BULLISH on EMAs but momentum has snapped hard.

BATS (Brit Am Tobacco) +2.81% — the day's best performer. RSI surged +8.1 pts to 46.5 and MACD flipped BULLISH. Caveat: price 4249 is still below EMA20 4266.6, EMA50 4387.0 and EMA200 4320.9 — this is a BEARISH-structure bounce, not a trend change yet.

BP -1.23% — CROSSED BELOW EMA50 (fresh). Fourth consecutive down day, -5.57% on the week, RSI -3.1 to 47.0 and RSI zone flipped Bull to Bear. Now below EMA20 530.4 and EMA50 525.4, with only EMA200 502.8 underneath. The cleanest fresh breakdown on the board.

ANTO (Antofagasta) +0.93% — five-day up streak, +9.15% on the week, RSI +12.7 over five sessions. Best weekly performer in the set and the only name carrying genuine relative volume (RV 1.02) — everything else is thin.

AAL (Anglo American) +0.48% — four-day up streak, +6.53% on the week, closed 4223 with the 52-week high at 4280 just overhead.

HSBA — CROSSED ABOVE EMA20 (fresh). Now BULLISH on all three EMAs, RSI +2.2 to 52.3. Volume thin (RV 0.27), so treat conviction accordingly.

SSE — CROSSED ABOVE EMA50 (fresh). BULLISH on all EMAs, but ADX 8 means there is no trend to ride yet.

LSEG -1.34% — CROSSED BELOW EMA50 (fresh). RSI -4.6 to 49.6, zone flipped Bull to Bear. Now MIXED: above EMA20 8679.0 but below EMA50 8737.9 and EMA200 8935.6.

Also crossed BELOW EMA20 today: GSK, TSCO, VOD, INF. CPG -2.05% with RSI -5.0 to 36.7.



SECTOR HEATMAP

Miners — day +0.28% · week +5.50% · 4 of 4 BULLISH on all EMAs. AAL +0.5 · ANTO +0.9 · RIO -0.2 · GLEN -0.1. Clear leadership, and the whole group is moving together — this is the strongest sector signal on the board.

Consumer Staples — day +0.77% · week +2.28% · 3 of 7 BULLISH. ULVR +0.5 · TSCO -0.8 · DGE +0.1 · ABF +0.5 · RKT +0.5 · IMB +1.7 · BATS +2.8. Note the split: tobacco (IMB, BATS) bounced hard off depressed levels while both remain BEARISH on all EMAs.

Insurance & Financials — day -0.33% · week +2.21% · 2 of 6 BULLISH. PRU +0.4 · LGEN +0.4 · AV -0.1 · ADM +0.7 · III -2.0 · LSEG -1.3. ADM is the standout, sitting on its 52-week high.

Banks — day +0.63% · week +1.51% · 1 of 5 BULLISH on all EMAs. LLOY +0.2 · BARC +0.5 · HSBA +0.5 · NWG +0.2 · STAN +1.7. Four of five are above EMA50 and EMA200 — the group is constructive underneath, just chopping around EMA20.

Pharma & Health — day -0.31% · week +1.34%. AZN -1.8 · GSK -0.2 · HLN +1.1. AZN is the weight.

Utilities — day +0.01% · week +0.29%. SSE +0.2 · NG -0.2. Directionless.

Industrials & Defence — day -0.38% · week +0.09%. BAE -0.2 · RR. +0.8 · BNZL +0.2 · RTO -0.7 · CPG -2.0. BAE on a five-day down streak.

Telecom / Media / Tech — day -1.72% · week -0.74% · worst on the day. VOD -0.4 · WPP -2.6 · INF -0.7 · REL -1.0 · SGE -3.9. Broad-based selling.

Oil & Gas — day -0.83% · week -3.85% · worst on the week. SHEL -0.4 · BP -1.2. Hormuz supply hopes are the direct cause.



DAILY TECHNICAL SIGNALS

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

BULLISH — above all three EMAs (17 names)
AAL 4223.0 (+0.48%) RSI 65.3 · MACD bull · -1.3% from 52wk high · above POC 3825.2
ADM 4099.0 (+0.66%) RSI 71.3 OVERBOUGHT · MACD bull · -0.3% from 52wk high · above POC 3606.5
ANTO 4046.2 (+0.93%) RSI 60.2 · MACD bull · -9.6% · above POC 3838.2 · RV 1.02
RIO 7714.0 (-0.21%) RSI 65.1 · MACD bull · -15.4% · above POC 7227.0
GLEN 601.5 (-0.10%) RSI 66.6 · MACD bull · -3.2% · above POC 547.5
SHEL 3372.0 (-0.43%) RSI 56.5 · MACD below signal · -6.1% · above POC 3166.8
ULVR 4786.0 (+0.51%) RSI 58.9 · MACD bull · -13.4% · above POC 4564.8
RR. 1542.2 (+0.80%) RSI 59.4 · -2.8% · above POC 1422.2
HLN 373.6 (+1.08%) RSI 60.9 · MACD bull · -10.2% · above POC 353.5
HSBA 1525.1 (+0.53%) RSI 52.3 · -7.8% · above POC 1481.4 · fresh EMA20 reclaim
AV 729.6 (-0.11%) RSI 63.9 · -1.5% · above POC
ADM/AAL aside, also: ABF 2075.0 (+0.53%) RSI 55.9 · BNZL 2800.0 (+0.21%) RSI 57.7 · DGE 1737.0 (+0.09%) RSI 57.5 · EXPN 2976.0 (-1.10%) RSI 59.4 (RSI -3.3) · SSE 2413.5 (+0.19%) RSI 52.5 fresh EMA50 reclaim · SGE 1061.5 (-3.89%) RSI 60.9 RSI -12.9 · WPP 382.1 (-2.58%) RSI 59.4 (RSI -4.7)

BULLISH — above EMA20 and EMA50, below EMA200 (3 names)
III 2846.0 (-2.00%) RSI 55.3 · RSI -5.2 · -36.7% from 52wk high
REL 2591.5 (-1.01%) RSI 51.4 · -27.7%
RKT 5176.0 (+0.50%) RSI 54.2 · -20.5%

MIXED (7 names — exact position stated)
AZN 12251.0 (-1.80%) above EMA20 12157.9, below EMA50 12617.2, below EMA200 13181.2 · RSI 49.8 (RSI -4.1, zone Bull to Bear) · -22.1% · below POC 12661.9
LSEG 8680.5 (-1.34%) above EMA20 8679.0, below EMA50 8737.9, below EMA200 8935.6 · RSI 49.6 (RSI -4.6, zone Bull to Bear) · -14.4%
BAE 2094.0 (-0.19%) below EMA20, above EMA50, above EMA200 · RSI 47.3 · 5-day down streak
INF 892.0 (-0.73%) below EMA20, above EMA50, above EMA200 · RSI 47.7 (RSI -3.7, zone Bull to Bear)
LLOY 111.7 (+0.18%) below EMA20, above EMA50, above EMA200 · RSI 46.1 · -5.3%
NWG 691.8 (+0.23%) below EMA20, above EMA50, above EMA200 · RSI 51.5 · 4-day up streak
STAN 2175.4 (+1.66%) below EMA20 2178.7, above EMA50 2124.3, above EMA200 1863.2 · RSI 50.8 (RSI +4.7, zone Bear to Bull) · -3.8%
VOD 117.8 (-0.38%) below EMA20, above EMA50, above EMA200 · RSI 51.6 · fresh EMA20 loss

BEARISH — below EMA20 and EMA50, above EMA200 (5 names)
BP 522.1 (-1.23%) RSI 47.0 · RSI -3.1, fresh EMA50 loss, 4-day down streak · -14.3% · above POC 515.5
BARC 498.9 (+0.54%) RSI 44.3 · MACD below signal · -7.3% · below POC 504.4
GSK 1901.5 (-0.21%) RSI 48.3 · fresh EMA20 loss · -16.7% · below POC 1937.3
LGEN 290.4 (+0.38%) RSI 43.5 · -8.7% · below POC
TSCO 461.1 (-0.77%) RSI 47.2 · fresh EMA20 loss · -11.4% · below POC 464.3

BEARISH — below all three EMAs (6 names)
RTO 345.3 (-0.69%) RSI 30.5 · ADX 38 · -31.9% from 52wk high · 52wk low 329.6 close by · below POC 397.0
CPG 3017.0 (-2.05%) RSI 36.7 · RSI -5.0 · -19.5% · below POC 3218.0
IMB 2562.5 (+1.69%) RSI 39.7 (RSI +6.6) · -23.3% · 52wk low 2476.0 · below POC 2754.1
BATS 4249.0 (+2.81%) RSI 46.5 (RSI +8.1, MACD bull cross) · -15.1% · below POC 4470.2
NG 1183.5 (-0.17%) RSI 45.5 · -17.2% · below POC
PRU 1039.5 (+0.43%) RSI 49.2 · MACD bull · -16.0% · above POC

Volume note: relative volume is thin almost everywhere — only ANTO (1.02) and SGE (0.93) traded near normal. Sub-0.5 RV names (most of the board) deserve wider stops; low-volume breakouts fail more often.



TOP SWING SETUPS

1. AAL (Anglo American) — LONG breakout · CONTINUING
Entry: above 4285 (52wk high 4280) · Stop: 4195 · T1: 4420 · T2: 4550 · R:R: 1.5 to T1, 2.9 to T2
Why: BULLISH on all EMAs (close 4223.0 vs EMA20 3966.5, EMA50 3845.8, EMA200 3493.7). RSI 65.3, MACD 109.19 above signal. Four-day up streak, +6.53% week. Sector confluence — miners are the strongest group on the board. Price is 10.4% above its 60-day POC of 3825.2, so there is no volume shelf directly overhead. ATR 133.7, so size for a wide instrument. Risk: RSI is elevated and RV 0.27 is thin; a breakout on that volume can fail back inside.

2. ANTO (Antofagasta) — LONG pullback · CONTINUING
Entry: 4020 on a dip (Camarilla S3 4014. · Stop: 3955 · T1: 4145 · T2: 4300 · R:R: 1.9 to T1, 4.3 to T2
Why: the only name in the universe with genuine relative volume (RV 1.02) — this move is real, not drift. Five-day up streak, +9.15% on the week, RSI 60.2 with a +12.7 point five-day gain and still not overbought. BULLISH on all EMAs (4046.2 vs 3833.6 / 3812.1 / 3521.4). Note EMA20 3833.6 and POC 3838.2 sit almost on top of each other — that is your real confluence floor if 3955 gives way. Still 9.6% below the 52wk high of 4475, so there is room.

3. ADM (Admiral) — LONG 52-week-high breakout · CONTINUING
Entry: above 4115 (52wk high 4110.7) · Stop: 4034 (1x ATR) · T1: 4240 · T2: 4360 · R:R: 1.5 to T1, 3.0 to T2
Why: closed 4099, just 0.3% off its 52-week high, on a five-day up streak (+4.67% week). BULLISH on all EMAs (EMA20 3883.4, EMA50 3720.4, EMA200 3396.9), MACD 102.94 above signal, ADX 27. Blue-sky above with no overhead supply. Caution: RSI 71.3 is OVERBOUGHT and the zone flipped Bull to Overbought today. This is a momentum-chase, not a value entry — keep it small and trail hard.

4. BP — SHORT fresh breakdown · NEW (triggered Wednesday)
Entry: 525 on a bounce (or below 513.3 on continuation) · Stop: 532 · T1: 509.3 · T2: 502.8 · R:R: 2.2 to T1, 3.2 to T2
Why: the cleanest new signal on the board. Crossed below EMA50 525.4 on Wednesday, already below EMA20 530.4. Fourth straight down day, -5.57% on the week, RSI 47.0 (-3.1) with the zone flipping Bull to Bear. The entry at 525 is deliberate — EMA50 525.4 and Camarilla R3 525.0 stack there, which is where a bounce should stall. T2 at 502.8 is the EMA200 and the last structural support; also note POC 515.5 sits between T1 and T2 and may cause a pause. Fundamental driver aligned: Brent -2% to ~$86.45 on Hormuz corridor talks. Risk: this is a headline-driven trade in both directions — a failed Iran/Oman talk reverses it violently.

5. HSBA (HSBC) — LONG EMA20 reclaim · NEW (triggered Wednesday)
Entry: above 1528 (prev high 1527.0) · Stop: 1506 · T1: 1552 · T2: 1590 · R:R: 1.1 to T1, 2.9 to T2
Why: crossed back above EMA20 1521.8 on Wednesday and is now BULLISH on all three EMAs (EMA50 1491.0, EMA200 1320.9 well below). RSI 52.3 and rising (+2.2), plenty of headroom before overbought. Trading above POC 1481.4. Banks were the second-best sector on the day (+0.63%) with four of five above EMA50 and EMA200. Risk: RV 0.27 is very thin and ATR is only 29.6 — this is a slow-burn position trade, not a fast mover. T1 R:R is marginal, so the trade only pays if you hold for T2.



INTRADAY SETUPS

All levels are Camarilla and classic pivots derived from Wednesday's range. Trade the reaction, not the print.

1. BP — Camarilla range SHORT (highest-confluence intraday trade)
Direction: SHORT · Entry: 525.0 (Cam R3) · Stop: 528.5 (above Cam R4 527. · T1: 521.1 (Cam S1) · T2: 519.2 (Cam S3) · T3: 516.4 (Cam S4) · R:R: 1.7 to T2, 2.5 to T3
Why: Cam R3 525.0 and EMA50 525.4 are the same level to within 0.4p. That is a hard ceiling in a downtrending name on a four-day losing streak with oil falling. Classic pivot 519.7 sits right at T2, reinforcing it. RV 0.79 — the second-heaviest name on the board, so the tape is real. If price opens above 527.8 the setup is void; stand aside.

2. AAL — Camarilla range LONG, with breakout extension
Direction: LONG · Entry: 4203.2 (Cam S3) · Stop: 4180 (below Cam S4 4183.4) · T1: 4229.6 (Cam R1) · T2: 4242.8 (Cam R3) · R:R: 1.1 to T1, 1.7 to T2
Extension: a clean push through Cam R4 4262.6 flips this to a breakout long targeting the 52wk high 4280, then classic R2 4309.
Why: buying the S3 dip in the strongest sector with the strongest EMA structure. Classic S1 4194 sits just below entry, adding a cushion between entry and stop. Wednesday's low was 4208 and the high 4280 was the 52-week high — the whole range is coiled directly beneath resistance.

3. ANTO — Camarilla range LONG (best volume conviction)
Direction: LONG · Entry: 4014.8 (Cam S3) · Stop: 3980 (below Cam S4 3983.5) · T1: 4056.6 (Cam R1) · T2: 4077.5 (Cam R3) · R:R: 1.2 to T1, 1.8 to T2
Why: RV 1.02 means this is the one name where intraday levels are backed by real participation rather than a thin tape. Classic S1 4003.1 sits just under entry. Five-day up streak intact, MACD 42.52 above signal. If it gaps above Cam R4 4108.9, switch to a breakout long targeting 4145 (Wed high) then classic R2 4188.1.

4. AZN (AstraZeneca) — Camarilla breakdown SHORT
Direction: SHORT · Entry: below 12228.3 (Cam S1) · Stop: 12280 (above Cam R1 12273.7) · T1: 12182.8 (Cam S3) · T2: 12114.6 (Cam S4) · T3: 12061 (classic S2) · R:R: 2.2 to T2, 3.2 to T3
Why: fell 1.80% Wednesday, RSI -4.1 to 49.8 with the zone flipping Bull to Bear. Below EMA50 12617.2 and EMA200 13181.2, and trading 3.3% below its POC of 12661.9 — no volume support underneath until much lower. Classic pivot 12309 is well above the close, so the day starts on the back foot. EMA20 12157.9 sits between T1 and T2 and is the one place to expect a bounce. ATR 356 — this moves, size accordingly. RV 0.39 is thin.

5. SHEL (Shell) — Camarilla range SHORT (counter-trend, tactical only)
Direction: SHORT · Entry: 3386.3 (Cam R3) · Stop: 3403 (above Cam R4 3400.6) · T1: 3367.2 (Cam S1) · T2: 3357.7 (Cam S3) · R:R: 1.1 to T1, 1.7 to T2
Why: Shell is on a four-day down streak with Brent falling for a third session and MACD now below its signal line. RV 0.80, so decent participation. Important caveat: SHEL is still BULLISH on all three EMAs (3372.0 vs 3342.4 / 3263.9 / 3089.2) — this is a counter-trend fade of an intraday ceiling, not a trend short. Take T1 and do not marry it. EMA20 3342.4 is the line that matters; only a daily close below it turns Shell into a proper short.



KEY LEVELS DASHBOARD

AAL — Anglo American · 4223.0 (+0.48%) · BULLISH all EMAs
Cam: S4 4183.4 · S3 4203.2 · S1 4216.4 || R1 4229.6 · R3 4242.8 · R4 4262.6
Classic: S3 4122 · S2 4165 · S1 4194 · Pivot 4237 · R1 4266 · R2 4309 · R3 4338
EMA20 3966.5 · EMA50 3845.8 · EMA200 3493.7 · POC 3825.2 · ATR 133.7
Prev H/L 4280.0 / 4208.0 · 52wk H/L 4280.0 / 2215.0 · RSI 65.3 · ADX 22 · RV 0.27

ANTO — Antofagasta · 4046.2 (+0.93%) · BULLISH all EMAs
Cam: S4 3983.5 · S3 4014.8 · S1 4035.7 || R1 4056.6 · R3 4077.5 · R4 4108.9
Classic: S3 3889.1 · S2 3960.1 · S1 4003.1 · Pivot 4074.1 · R1 4117.1 · R2 4188.1 · R3 4231.1
EMA20 3833.6 · EMA50 3812.1 · EMA200 3521.4 · POC 3838.2 · ATR 166.9
Prev H/L 4145.0 / 4031.0 · 52wk H/L 4475.0 / 2115.0 · RSI 60.2 · ADX 20 · RV 1.02
Confluence: EMA20 3833.6 and POC 3838.2 within 5 points — major support shelf.

ADM — Admiral · 4099.0 (+0.66%) · BULLISH all EMAs
Cam: S4 4071.1 · S3 4085.1 · S1 4094.4 || R1 4103.6 · R3 4112.9 · R4 4126.9
Classic: S3 4018.4 · S2 4039.2 · S1 4069.1 · Pivot 4089.9 · R1 4119.8 · R2 4140.6 · R3 4170.4
EMA20 3883.4 · EMA50 3720.4 · EMA200 3396.9 · POC 3606.5 · ATR 81.0
Prev H/L 4110.7 / 4060.0 · 52wk H/L 4110.7 / 2624.0 · RSI 71.3 OVERBOUGHT · ADX 27 · RV 0.31
Note: Cam R3 4112.9 sits right on the 52wk high 4110.7 — that is the line in the sand.

BP · 522.1 (-1.23%) · BEARISH below EMA20 and EMA50, above EMA200
Cam: S4 516.4 · S3 519.2 · S1 521.1 || R1 523.0 · R3 525.0 · R4 527.8
Classic: S3 505.3 · S2 509.3 · S1 515.7 · Pivot 519.7 · R1 526.1 · R2 530.1 · R3 536.5
EMA20 530.4 · EMA50 525.4 · EMA200 502.8 · POC 515.5 · ATR 13.9
Prev H/L 523.7 / 513.3 · 52wk H/L 609.4 / 399.4 · RSI 47.0 · ADX 23 · RV 0.79
Confluence: Cam R3 525.0 = EMA50 525.4 (resistance) · classic S1 515.7 = POC 515.5 (support).

AZN — AstraZeneca · 12251.0 (-1.80%) · MIXED: above EMA20, below EMA50 and EMA200
Cam: S4 12114.6 · S3 12182.8 · S1 12228.3 || R1 12273.7 · R3 12319.2 · R4 12387.4
Classic: S3 11908 · S2 12061 · S1 12156 · Pivot 12309 · R1 12404 · R2 12557 · R3 12652
EMA20 12157.9 · EMA50 12617.2 · EMA200 13181.2 · POC 12661.9 · ATR 356.0
Prev H/L 12462.0 / 12214.0 · 52wk H/L 15730.0 / 10524.0 · RSI 49.8 · ADX 32 · RV 0.39
Confluence: EMA20 12157.9 = classic S1 12156 — the first real bounce zone.



BEARISH WARNINGS

FRESH BREAKDOWNS (triggered Wednesday — act on these first)
BP — crossed BELOW EMA50 525.4. Fourth down day, -5.57% week, RSI zone Bull to Bear. Only EMA200 502.8 left underneath. Highest-conviction short on the board.
LSEG — crossed BELOW EMA50 8737.9 on a -1.34% day. RSI -4.6 to 49.6, zone Bull to Bear. Now clinging to EMA20 8679.0 by 1.5 points; lose that and it is BEARISH on all three. ADX 9 means it is choppy, so wait for the EMA20 to actually break.
GSK — crossed BELOW EMA20 1906.0. Also below EMA50 1923.7 and below POC 1937.3. RSI 48.3. Only EMA200 1890.1 holding it up, 11 points away.
TSCO — crossed BELOW EMA20 463.1. Below EMA50 466.3 and POC 464.3. EMA200 456.7 is the next test. ADX 33.
VOD — crossed BELOW EMA20. RSI 51.6 but structure deteriorating.
INF (Informa) — crossed BELOW EMA20, RSI -3.7 to 47.7, zone Bull to Bear.

MOMENTUM BREAKS
SGE (Sage) — -3.89%, RSI -12.9 to 60.9, MACD BEARISH crossover, ADX 49. Still above all EMAs (EMA20 1035.3) so it is not a short yet, but the momentum damage is severe and RV 0.93 means real sellers showed up. Watch EMA20 1035.3 — that is the trigger.
BAE Systems — five-day down streak, -2.51% week, below EMA20, RSI 47.3.
CPG (Compass) — BEARISH on all EMAs, -2.05%, RSI -5.0 to 36.7, 19.5% below its 52wk high and 6.2% below POC 3218.0. Approaching oversold, so chasing it here is late.

ESTABLISHED DOWNTRENDS — do not dip-buy
RTO (Rentokil) — the weakest name in the universe. RSI 30.5, ADX 38 (strong trend, wrong way), 31.9% below its 52wk high, closed 345.3 with the 52wk low at 329.6 only 4.5% below. Below EMA20 362.2, EMA50 394.4, EMA200 426.6 and POC 397.0. Every level is above price.
IMB (Imperial Brands) — BEARISH on all EMAs, closed 2562.5 with the 52wk low at 2476.0 just 3.4% below. Wednesday's +1.69% and RSI +6.6 is a bounce inside a downtrend, not a reversal.
BATS — same story: +2.81% and a MACD bull cross, but still below EMA20 4266.6, EMA50 4387.0, EMA200 4320.9 and 5% below POC 4470.2. Needs to reclaim 4266.6 before anyone should take it seriously.
NG (National Grid) — BEARISH on all EMAs, ADX 10, drifting.



EVENTS CALENDAR

Already out (overnight)
Nvidia Q2 — revenue $96.2bn vs $91.9bn est, adj EPS $2.22 vs $2.08, Q3 guide ~$108bn vs ~$104bn expected. Data centre revenue +106% year on year. Clean beat and raise. Positive read-across to global risk appetite and to UK tech/media names, though SGE and REL fell on Wednesday for stock-specific reasons.
Ofgem — domestic energy price cap +4% from October on higher wholesale gas. Inflation-sticky, relevant to the UK rate path and to SSE / NG / CNA.

Today and rest of week
US PCE inflation — the Fed's preferred gauge, the key macro print of the week. Drives the dollar, gilts, and by extension UK financials and miners.
Iran / Oman Hormuz corridor talks — live headline risk in both directions. This is the single biggest driver for BP and SHEL right now. A confirmed corridor extends the oil-short thesis; a breakdown in talks reverses it fast.
FTSE Russell index reshuffle — Entain and Persimmon flagged for FTSE 100 removal. Expect continued index-tracker flow pressure and possible late-session volume spikes in both.
Thursday is the standard UK ex-dividend day. Late August carries a heavy ex-div load — the ii calendar has the bulk of 118 UK dividend events falling by 28 August, with a fifth of the FTSE 100 by weight having already gone ex on 13 August. Check the ex-div list before blaming a chart for a gap down. A stock opening lower by roughly its dividend is a mechanical adjustment, not a breakdown, and it will not show correctly in EMA or pivot calculations.

Earnings note: the UK interim season is largely done — HSBC, Legal & General, Glencore and NatWest all reported earlier in August. No major FTSE 100 results are scheduled from the 40 names tracked here for today, so today's moves should be macro and sector driven rather than stock specific.



METHOD AND VERIFICATION

Universe: 40 FTSE 100 constituents, merged from the two majority-FTSE scanner entries dated 2026-08-26 (received 20:11 UTC). The webhook feed is crossed — later-timestamped entries labelled ftse_scanner actually carry US and NASDAQ-100 tickers, so selection was made by constituent membership, not by timestamp. CPG was quoted in pounds and has been rescaled to pence to match the .GB_SB quote.
All 40 EMA classifications were re-checked programmatically against close vs EMA20, EMA50 and EMA200: 0 mismatches.
Futures figure cross-checked against the cash close; the ~405-point discount reflects a far-dated contract, not direction.



Not financial advice. Always DYOR. Capital at risk.

Wednesday 26 August 2026
Data: close Tue 25 Aug 2026 (latest scanner snapshot, 40 FTSE 100 names) | UKX cash close 10,878 (+0.22%) | FTSE 100 future 10,482.3



MARKET OVERVIEW

The FTSE 100 closed Tuesday 25 August at 10,878, up 0.22%, extending its winning streak to a sixth consecutive session and trading within touching distance of 10,900. Melrose (+8.4%), NEXT (+1.8%) and Rolls-Royce (+1.5%) led; Endeavour, JD Sports and LSEG lagged.

Futures - contract roll warning. The FTSE 100 future is quoted at 10,482.3 this morning (opened 10,493.6, range 10,445.8-10,507.7, volume 9,309 - source: Investing.com UK 100 Futures). That is roughly 396 points below the cash close. This is NOT a bearish gap. It is the dividend discount on a far-dated quarterly contract following the roll, and August is one of the heaviest ex-dividend months of the UK calendar - over half the index by weight has gone ex during the month. Cross-checked against the cash close and the news tone, direction into today reads NEUTRAL to constructive, not lower. Do not trade a phantom gap.

Macro backdrop. Bank Rate held at 3.75% on 30 July (MPC 6-3), with the Committee flagging that rates could rise if Middle East-linked inflation pressure intensifies. CPI was 2.6% in June, down from 2.8% in May. Unemployment 4.9%. Commodities are doing the heavy lifting: gold above 4,600 dollars an ounce, copper elevated after touching record highs above 14,000 dollars a tonne on an LME supply squeeze and expected Chilean output cuts, and Brent around 94 dollars. That is a directly favourable mix for the index's mining weight and a headwind for anything consumer-facing.

Data-freshness note: the scanner snapshot analysed below is the close of Tuesday 25 August. Levels are Tuesday's, not live. Treat all pivots and Camarilla levels as calculated from Tuesday's range.



NOTABLE CHANGES - DAY OVER DAY

SSE - the cleanest new trigger in the book. Triple event in one session: crossed above EMA20, MACD bullish crossover, and crossed above POC. RSI jumped 6.8 points to 51.0. Closed +1.65% at 2404. Caveat: ADX is only 8.8, so there is no established trend yet - this is an early-stage turn, not a runaway.

AZN +2.96% - biggest single-day gain in the FTSE set. RSI +6.8 to 53.9, crossed above EMA20, week +3.27%. Still below EMA50 and EMA200 though, and below POC. A bounce off a deeply oversold base, not a trend change.

BP - fresh double breakdown. Crossed below EMA20 AND MACD bearish crossover on the same day. Closed -0.77% at 529.25. Three-day down streak, week -1.77%, weekly RSI -6.4. The most deteriorating large-cap in the set.

STAN -2.17% - worst FTSE performer on the day. RSI collapsed 7.4 points to 46.1 and price closed below EMA20 for the first time in this leg. Fresh breakdown.

CPG and III both crossed BELOW EMA200 today. CPG (-1.97%, RSI 41.7) is now BEARISH below all three EMAs. III (-1.76%) has lost its EMA200 but remains above EMA20 and EMA50 - a warning shot, not yet a breakdown.

ANTO +8.79% on the week with a 5-day up streak and RSI +12.2 - the strongest weekly move in the FTSE universe. RIO +4.89%, also 5 straight up days, RSI +9.5. AAL +4.45%, 3-day streak.

TSCO posted the largest weekly RSI gain of any FTSE name at +13.8 points, on a 5-day up streak, and crossed above EMA20.

BAE - 5-day DOWN streak, week -2.73%, weekly RSI -7.9. The only sustained multi-day decline in the set.

Also worth noting: SHEL MACD bearish crossover (RSI -5.5 on the week despite BULLISH EMA structure), HSBA and PRU both lost EMA20, GSK, RR. and VOD all reclaimed EMA20, and HLN posted a MACD bullish crossover. LSEG is on a 4-day up streak with weekly RSI +10.8.



SECTOR HEATMAP

MINING - clear leadership, moving as a bloc. AAL +2.19%, ANTO +1.31%, GLEN +1.03%, RIO +0.61%. All four are BULLISH above all three EMAs, all four trade well above POC (AAL +10.7%, GLEN +10.0%, RIO +7.0%, ANTO +4.7%), and three of the four FTSE names in the weekly top-movers list are miners. Gold above 4,600 and copper near records is the engine. This is the highest-conviction sector on the board.

UTILITIES - RECOVERING. SSE +1.65%, NG +1.02% (RSI +4.3). SSE's triple trigger is the standout. NG remains BEARISH below all three EMAs, so this is early.

PHARMA - RECOVERING from a deep base. AZN +2.96%, GSK +0.47% (reclaimed EMA20), HLN -0.14% but with a MACD bullish crossover. All three are still structurally damaged - AZN is 20.8% off its 52-week high, GSK 16.3% off. Bounce, not breakout.

TOBACCO - the weakest sector on the board. BATS -1.31% (RSI 38.4, 7.7% BELOW POC) and IMB -0.24% (RSI 33.1, 8.5% BELOW POC, and IMB's 52-week low of 2476 is only 1.8% away). Both BEARISH below all three EMAs. Nothing to buy here.

ENERGY - deteriorating despite Brent at 94. SHEL -0.35% with a fresh MACD bearish crossover, BP -0.77% with the EMA20 break. The divergence between a strong oil price and weak oil equities is the single most notable disconnect in the data - watch it.

BANKS - MIXED and losing momentum. STAN -2.17%, HSBA -0.80%, LLOY -0.29%, NWG +0.15%, BARC +0.54%. Three of the five sit below EMA20. BARC and LGEN are outright BEARISH below EMA20 and EMA50. The sector-wide loss of the 20-day is a group move worth respecting.

CONSUMER STAPLES - MIXED. DGE -2.67% (worst FTSE performer bar STAN, RSI -7.6, but still BULLISH above all EMAs), ULVR -0.59%, RKT -0.46%, ABF -0.39%, TSCO +0.34% (the one bright spot, 5-day streak).

MEDIA, DATA AND SOFTWARE - MIXED. EXPN +1.60% (BULLISH above all), LSEG +0.02% (4-day streak), SGE -0.18% but RSI 73.8 and ADX 50 - the most extended stock in the entire set, sitting 23.0% above POC. WPP -1.93% and REL -1.21%.

SUPPORT SERVICES - RTO is the single weakest name in the book. RSI 30.9, BEARISH below all EMAs, 13.3% below POC, ADX 38.2, and just 4.7% above its 52-week low.



DAILY TECHNICAL SIGNALS

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

AAL 4200.03 +2.19% BULLISH above all - RSI 64.6 - MACD bullish - 0.9% off 52w high - POC +10.7%
ABF 2063.00 -0.39% BULLISH above all - RSI 53.8 - MACD bearish - 12.5% off - POC +4.4%
ADM 4068.00 +1.80% BULLISH above all - RSI 69.9 - MACD bullish - 0.2% off 52w high - POC +13.2% - rv 1.76 HEAVY
ANTO 4023.00 +1.31% BULLISH above all - RSI 59.3 - MACD bullish - 10.1% off - POC +4.7%
AV 729.60 +0.14% BULLISH above all - RSI 64.1 - MACD flat - 1.5% off - POC +9.2%
AZN 12464.0 +2.96% MIXED above EMA20, below EMA50, below EMA200 - RSI 53.9 (+6. - MACD bullish - 20.8% off - POC -1.6%
BAE 2101.00 -0.05% MIXED below EMA20, above EMA50, above EMA200 - RSI 48.2 - MACD bearish - 11.0% off - POC +6.7% - 5-day down streak
BARC 497.00 +0.54% BEARISH below EMA20 and EMA50, above EMA200 - RSI 42.9 - MACD bearish - 7.7% off - POC -1.4%
BATS 4131.00 -1.31% BEARISH below all - RSI 38.4 - MACD bearish - 17.4% off - POC -7.7%
BNZL 2791.00 -0.39% BULLISH above all - RSI 55.9 - MACD bearish - 3.3% off - POC +5.9%
BP 529.25 -0.77% MIXED below EMA20, above EMA50, above EMA200 - RSI 50.1 - MACD BEARISH CROSS today - 13.2% off - POC +2.7%
CPG 3085.00 -1.97% BEARISH below all - RSI 41.7 (-4. - MACD bearish - 17.7% off - POC -4.2% - lost EMA200 today
DGE 1729.50 -2.67% BULLISH above all - RSI 56.2 (-7.6) - MACD bearish - 18.0% off - POC +8.2%
EXPN 3012.50 +1.60% BULLISH above all - RSI 62.7 - MACD bullish - 24.4% off - POC +12.2%
GLEN 601.00 +1.03% BULLISH above all - RSI 67.1 - MACD bullish - 3.3% off - POC +10.0%
GSK 1910.00 +0.47% MIXED above EMA20, below EMA50, above EMA200 - RSI 49.5 - MACD bullish - 16.3% off - POC -1.3%
HLN 369.10 -0.14% BULLISH above all - RSI 57.2 - MACD BULLISH CROSS today - 11.3% off - POC +4.7%
HSBA 1517.00 -0.80% MIXED below EMA20, above EMA50, above EMA200 - RSI 50.1 - MACD bearish - 8.2% off - POC +2.5%
III 2903.00 -1.76% BULLISH above EMA20 and EMA50, below EMA200 - RSI 60.5 (-5.9) - MACD bearish - 35.4% off - POC +13.7%
IMB 2521.00 -0.24% BEARISH below all - RSI 33.1 - MACD bearish - 24.5% off - POC -8.5%
INF 900.20 -0.18% BULLISH above all - RSI 51.4 - MACD bearish - 10.0% off - POC +2.5% - rv 1.26
LGEN 290.00 +0.94% BEARISH below EMA20 and EMA50, above EMA200 - RSI 43.0 - MACD bearish - 8.8% off - POC -0.2%
LLOY 111.40 -0.29% MIXED below EMA20, above EMA50, above EMA200 - RSI 45.3 - MACD bearish - 5.5% off - POC +1.2%
LSEG 8798.00 +0.02% BULLISH above EMA20 and EMA50, below EMA200 - RSI 54.2 - MACD bullish - 13.2% off - POC +1.6% - 4-day up streak
NG 1184.00 +1.02% BEARISH below all - RSI 45.4 (+4.3) - MACD bearish - 17.1% off - POC -2.5%
NWG 690.30 +0.15% MIXED below EMA20, above EMA50, above EMA200 - RSI 50.6 - MACD bearish - 4.9% off - POC +3.4%
PRU 1036.00 -0.67% BEARISH below all - RSI 48.1 - MACD bearish - 16.3% off - POC +1.5% - lost EMA20 today
REL 2617.00 -1.21% BULLISH above EMA20 and EMA50, below EMA200 - RSI 53.7 - MACD bearish - 26.9% off - POC +4.2%
RIO 7733.56 +0.61% BULLISH above all - RSI 65.9 - MACD bullish - 15.2% off - POC +7.0% - 5-day up streak
RKT 5150.00 -0.46% BULLISH above EMA20 and EMA50, below EMA200 - RSI 52.7 - MACD bearish - 20.9% off - POC +4.0%
RR. 1529.40 +1.85% BULLISH above all - RSI 57.4 (+4. - MACD bearish - 3.6% off - POC +7.9% - reclaimed EMA20
RTO 345.00 -1.32% BEARISH below all - RSI 30.9 - MACD flat - 32.0% off - POC -13.3% - ADX 38.2
SGE 1104.50 -0.18% BULLISH above all - RSI 73.8 OVERBOUGHT - MACD bullish - 6.5% off - POC +23.0% - ADX 50 EXTENDED
SHEL 3384.00 -0.35% BULLISH above all - RSI 58.0 (-1.6) - MACD BEARISH CROSS today - 5.8% off - POC +7.0%
SSE 2404.00 +1.65% MIXED above EMA20, below EMA50, above EMA200 - RSI 51.0 (+6. - MACD BULLISH CROSS today - 15.9% off - POC +0.3% CROSSED ABOVE
STAN 2144.50 -2.17% MIXED below EMA20, above EMA50, above EMA200 - RSI 46.1 (-7.4) - MACD bearish - 5.2% off - POC +2.3% - lost EMA20 today
TSCO 463.66 +0.34% MIXED above EMA20, below EMA50, above EMA200 - RSI 49.0 - MACD bearish - 10.9% off - POC -0.1% - 5-day up streak, weekly RSI +13.8
ULVR 4749.50 -0.59% BULLISH above all - RSI 56.7 - MACD bullish - 14.0% off - POC +4.5%
VOD 118.00 +0.60% BULLISH above all - RSI 52.2 - MACD bearish - 4.7% off - POC +3.7% - reclaimed EMA20
WPP 392.00 -1.93% BULLISH above all - RSI 64.1 - MACD bearish - 5.0% off - POC +26.7% - ADX 41.6

Significant RSI moves (greater than 5 points day over day): AZN +6.8, SSE +6.8 || DGE -7.6, STAN -7.4, III -5.9

Verification: all 40 EMA classifications were re-checked programmatically (close versus EMA20, EMA50 and EMA200 individually, strict numeric comparison, no rounding tolerance). Zero mismatches. CPG required the pence-scale correction - it arrived quoted in pounds and every price field was multiplied by 100 to match the .GB_SB quote.



TOP SWING SETUPS


1. AAL - Anglo American - LONG - 52-week high breakout - CONTINUING

Entry: above 4215 (Tuesday's high) · Stop: 4008 · T1: 4415 · T2: 4630 · R:R: 2.0

The strongest structural setup on the board. BULLISH above all three EMAs (4200.03 versus EMA20 3938.55, EMA50 3830.03, EMA200 3486.27), RSI 64.6 with room before overbought, 3-day up streak, week +4.45%. Price sits 0.9% below its 52-week high of 4239 - the tightest of any FTSE name here bar ADM. Trading 10.7% above POC at 3795.51, so value is well below and there is no overhead volume shelf to fight through above 4239. Stop is 1.4 ATR (ATR 138.1) and sits beneath EMA9 at 4032.55 and classic S3 at 4030.02 - a double-confluence floor. Copper near record highs is the fundamental engine. Do not chase inside 4215-4239; wait for the clean break of 4239 or a pullback that holds 4110.


2. ANTO - Antofagasta - LONG - momentum continuation - CONTINUING

Entry: above 4033 (Tuesday's high) · Stop: 3865 · T1: 4200 · T2: 4475 · R:R: 2.6

Best risk-reward of the five. The strongest weekly performer in the FTSE universe at +8.79% with a 5-day up streak and RSI +12.2 on the week to 59.3. Crucially, RSI is still under 60 despite that run, so momentum is not stretched - unlike AAL or ADM, this one has genuine room. BULLISH above all EMAs (4023 versus 3812.50, 3803.02, 3516.29). Only 4.7% above POC at 3843.68, so the volume shelf is close beneath as support. 10.1% below the 52-week high of 4475, which is the natural T2. Stop at 3865 is 0.9 ATR (ATR 169.2) and sits on classic S3 at 3864.67 - exact pivot confluence. Caveat: rv is only 0.30, so Tuesday's move came on thin volume. Widen the stop or halve the size if you want cover for a low-liquidity whipsaw.


3. SSE - LONG - triple-trigger reversal - NEW

Entry: above 2413 (Tuesday's high, which also clears EMA50 at 2408.60) · Stop: 2358 · T1: 2459 · T2: 2530 · R:R: 2.1

The single cleanest new trigger in Tuesday's data. Three separate events fired on the same session: crossed above EMA20, MACD bullish crossover, and crossed above POC. RSI +6.8 to 51.0. Closed +1.65% at 2404. The entry level is chosen deliberately - 2413 is Tuesday's high and sits just above EMA50 at 2408.60, so the trigger and the last remaining EMA hurdle clear together. That converts a MIXED structure into BULLISH above all three in one move. Stop 2358 is 1.0 ATR (ATR 47.2) and rests on classic S2 at 2358. T1 2459 is classic R3. The honest caveat: ADX is 8.8. There is no trend here at all yet - this is the first day of a possible turn, so size it as a probe, not a conviction position. 15.9% below the 52-week high of 2859.89 leaves plenty of recovery room if it works.


4. AZN - AstraZeneca - LONG - oversold bounce - NEW

Entry: above 12472 (Tuesday's high) · Stop: 12105 · T1: 12631 (EMA50) · T2: 13190 (EMA200) · R:R: 2.0

Biggest single-day gain of any FTSE name at +2.96%, RSI +6.8 to 53.9, crossed above EMA20 at 12146.57, week +3.27%. But be clear about what this is: AZN is MIXED - above EMA20, below EMA50 (12631.50), below EMA200 (13190.43), and trading 1.6% below POC at 12671.39. It is 20.8% off its 52-week high. This is a counter-trend bounce from a badly damaged chart, and the POC at 12671 sits almost exactly on EMA50 at 12631 - a dense confluence resistance band at 12630-12670 that is the real test. Stop 12105 is 1.0 ATR (ATR 363.2) and sits just below EMA20. Take T1 seriously; do not assume T2. ADX 34 confirms the prevailing move has been directional, and that direction has been down - respect it.


5. TSCO - Tesco - LONG - momentum reclaim - NEW

Entry: above 466.60 (clears EMA50 466.53, POC 464.01 and classic R1 465.71 together) · Stop: 457.60 · T1: 471.81 · T2: 480.00 · R:R: 1.5

The quiet accumulation story. TSCO posted the largest weekly RSI gain of any FTSE name at +13.8 points, on a 5-day up streak, and crossed above EMA20 at 463.31 on Tuesday. ADX 34.4 confirms a real directional move underneath. Structure is MIXED - above EMA20 and EMA200 (456.65), below EMA50. The entry level is where three things stack: EMA50 at 466.53, POC at 464.01 just below, and classic R1 at 465.71. Clearing 466.60 flips it BULLISH above all and puts price above the volume shelf. Stop 457.60 is Tuesday's low, 0.9 ATR (ATR 10.1). Warning: rv 0.23 - the thinnest volume of any setup here. This one needs volume confirmation on the break or it is noise. Lowest R:R of the five, included for the momentum quality rather than the payoff.



INTRADAY SETUPS


1. SSE - LONG - pivot bounce - triple confluence

Direction: LONG · Entry: 2397 on pullback · Stop: 2382 · T1: 2413 · T2: 2420 · R:R: 1.6

The best confluence on the entire board. Classic pivot 2397.00, POC 2396.74 and EMA20 2395.56 all sit inside a 1.5-point band. Three independent methods marking the same price. Buy the first touch of 2396-2397, stop 2382 below Camarilla S4 at 2382.55. T1 is Tuesday's high 2413, T2 is classic R1 2420. If 2395 fails on a closing basis the whole triple-trigger reversal thesis is invalidated for the day - so this level is both the entry and the line in the sand.


2. BATS - British American Tobacco - SHORT - Camarilla range fade

Direction: SHORT · Entry: 4153 (Camarilla R3) · Stop: 4176 · T1: 4116 · T2: 4097 · R:R: 2.5

Textbook Camarilla short. Price closed at 4131, below the pivot at 4143.33 - the standard precondition for fading R3. BATS is BEARISH below all three EMAs (EMA20 4267.63, EMA50 4392.27, EMA200 4321.55), RSI 38.4, and 7.7% below POC at 4473.89, meaning every rally is selling into a volume void with no support beneath. Short the tag of Camarilla R3 at 4153.28, stop 4176 just above R4 at 4175.55. T1 is Camarilla S2 4116.15, T2 is classic S1 4096.67. Weakest sector on the board, weakest structure - the highest-probability short here.


3. STAN - Standard Chartered - SHORT - fresh breakdown retest

Direction: SHORT · Entry: 2152 (Camarilla R1 rejection) · Stop: 2167 · T1: 2114.67 · T2: 2100 · R:R: 3.4

Highest R:R of any setup in this report. STAN was the worst FTSE performer on Tuesday at -2.17% with RSI down 7.4 points, and lost EMA20 (2179.19) for the first time in this leg. Close 2144.50 is below the pivot at 2164.83. Sell the retest into Camarilla R1 at 2151.83, stop 2167 just above both Camarilla R3 (2166.50) and the pivot (2164.83) - a tight 15-point risk. T1 is classic S1 at 2114.67. T2 at 2100 is where Camarilla S4 (2100.50) and POC (2096.57) converge, which is the logical place for the decline to find a bid. The banking sector losing the 20-day as a group gives this a tailwind.


4. GLEN - Glencore - LONG - Camarilla range reversal

Direction: LONG · Entry: 597.65 (Camarilla S3) · Stop: 594.00 · T1: 602.12 · T2: 604.36 · R:R: 1.8

Buy the dip in the strongest sector. GLEN closed 601.00, above the pivot at 598.93, BULLISH above all three EMAs, RSI 67.1, week +3.83%, and 10.0% above POC at 546.16. Classic Camarilla long: enter on the tag of S3 at 597.65, stop 594.00 just below S4 at 594.29, T1 at Camarilla R1 602.12 and T2 at R3 604.36. Tight ATR of 16.17 keeps the risk small. Only 3.3% below the 52-week high of 621.50 - if the miners keep running, 604 will not hold as a ceiling.


5. RIO - Rio Tinto - LONG - Camarilla breakout

Direction: LONG · Entry: above 7793 (break of Camarilla R4) · Stop: 7704 · T1: 7881 · T2: 7960 · R:R: 1.9

Trend-day continuation. RIO is on a 5-day up streak, week +4.89%, RSI 65.9 (+9.5 on the week), BULLISH above all three EMAs, 7.0% above POC at 7227.88. Close 7733.56 sits above the pivot at 7704.52. A clean break of Camarilla R4 at 7792.96 is the standard breakout trigger - above that level the Camarilla framework expects trend, not range. Stop 7704 at the pivot. T1 is classic R3 at 7881.04. Caveat: rv 0.32. Volume is thin, so demand a decisive break rather than a marginal one, and stand aside if it stalls between 7793 and 7810.



KEY LEVELS DASHBOARD


AAL - Anglo American - close 4200.03
Cam: S4 4142.28 · S3 4171.16 · S1 4190.41 || R1 4209.66 · R3 4228.91 · R4 4257.78
Classic: S3 4030.02 · S2 4070.01 · S1 4135.02 · Pivot 4175.01 · R1 4240.02 · R2 4280.01 · R3 4345.02
EMAs: EMA9 4032.55 · EMA20 3938.55 · EMA50 3830.03 · EMA200 3486.27 || POC 3795.51
Prev H/L: 4215.00 / 4110.00 || 52w H/L: 4239.00 / 2206.39 || ATR 138.10 · ADX 20.7 · rv 0.37


ANTO - Antofagasta - close 4023.00
Cam: S4 3969.65 · S3 3996.33 · S1 4014.11 || R1 4031.89 · R3 4049.68 · R4 4076.35
Classic: S3 3864.67 · S2 3900.33 · S1 3961.67 · Pivot 3997.33 · R1 4058.67 · R2 4094.33 · R3 4155.67
EMAs: EMA9 3849.31 · EMA20 3812.50 · EMA50 3803.02 · EMA200 3516.29 || POC 3843.68
Prev H/L: 4033.00 / 3936.00 || 52w H/L: 4475.00 / 2115.00 || ATR 169.23 · ADX 18.9 · rv 0.30


SSE - close 2404.00
Cam: S4 2382.55 · S3 2393.28 · S1 2400.43 || R1 2407.58 · R3 2414.73 · R4 2425.45
Classic: S3 2342.00 · S2 2358.00 · S1 2381.00 · Pivot 2397.00 · R1 2420.00 · R2 2436.00 · R3 2459.00
EMAs: EMA9 2392.58 · EMA20 2395.56 · EMA50 2408.60 · EMA200 2344.27 || POC 2396.74
Prev H/L: 2413.00 / 2374.00 || 52w H/L: 2859.89 / 1597.00 || ATR 47.23 · ADX 8.8 · rv 0.45
Confluence: Pivot 2397.00, POC 2396.74 and EMA20 2395.56 within 1.5 points - the tightest cluster in the book.


RIO - Rio Tinto - close 7733.56
Cam: S4 7674.16 · S3 7703.86 · S1 7723.66 || R1 7743.46 · R3 7763.26 · R4 7792.96
Classic: S3 7557.04 · S2 7596.52 · S1 7665.04 · Pivot 7704.52 · R1 7773.04 · R2 7812.52 · R3 7881.04
EMAs: EMA9 7497.73 · EMA20 7356.99 · EMA50 7268.56 · EMA200 6792.55 || POC 7227.88
Prev H/L: 7744.00 / 7636.00 || 52w H/L: 9117.00 / 4528.00 || ATR 186.86 · ADX 20.1 · rv 0.32
Confluence: Camarilla S3 7703.86 sits on the classic pivot 7704.52 - a firm intraday floor.


AZN - AstraZeneca - close 12464.00
Cam: S4 12272.60 · S3 12368.30 · S1 12432.10 || R1 12495.90 · R3 12559.70 · R4 12655.40
Classic: S3 11886.67 · S2 12005.33 · S1 12234.67 · Pivot 12353.33 · R1 12582.67 · R2 12701.33 · R3 12930.67
EMAs: EMA9 12084.33 · EMA20 12146.57 · EMA50 12631.50 · EMA200 13190.43 || POC 12671.39
Prev H/L: 12472.00 / 12124.00 || 52w H/L: 15730.00 / 10524.00 || ATR 363.19 · ADX 34.0 · rv 0.34
Confluence: EMA50 12631.50, Camarilla R4 12655.40, POC 12671.39 and classic R2 12701.33 form a dense resistance band at 12630-12700. That is the wall.



BEARISH WARNINGS

FRESH BREAKDOWNS - these happened on Tuesday and deserve priority attention.

BP - the most deteriorating large-cap in the set. Crossed below EMA20 (531.33) and printed a MACD bearish crossover on the same session. Three-day down streak, week -1.77%, weekly RSI -6.4 to 50.1. It still holds EMA50 (525.54) and EMA200 (502.60) so structure is MIXED, not broken - but 525.54 is the line. A close below EMA50 turns this into a full breakdown. What makes it more concerning: this is happening with Brent near 94 dollars. When an oil major cannot rally on a strong oil price, the weakness is company-specific and worth taking seriously.

STAN - lost EMA20 hard. -2.17% on the day, worst in the FTSE set, RSI -7.4 to 46.1, closed 2144.50 versus EMA20 2179.19. Downside targets: POC 2096.57 and Camarilla S4 2100.50 converge at roughly 2098, then EMA50 at 2122.27 sits above that as the first shelf. Watch EMA50 - if 2122 goes, 2098 is next.

CPG - Compass - lost EMA200 today. Now BEARISH below all three EMAs (3085.00 versus 3170.00, 3175.00, 3103.00), RSI 41.7 and falling 4.8 points, 4.2% below POC at 3220.00. ADX is only 11 so the move lacks conviction, but a fresh EMA200 loss is the classic first step of a Stage 4 transition. Note: CPG required the pence-scale correction, so treat its levels as approximate.

III - 3i Group - lost EMA200 today at 2907.55, closing 2903.00 on -1.76% with RSI down 5.9 to 60.5. Still above EMA20 (2817.43) and EMA50 (2710.54), and a remarkable 13.7% above POC at 2552.25, so this is a warning rather than a breakdown. But it is 35.4% below its 52-week high of 4497 - the longer-term damage is severe and the EMA200 loss is the market re-testing that damage.

HSBA and PRU both lost EMA20. HSBA closed 1517.00 versus EMA20 1521.42 - marginal, but combined with STAN it makes three banks below the 20-day. PRU is worse: at 1036.00 it is now BEARISH below all three EMAs (1039.77, 1047.90, 1052.16) and 16.3% off its 52-week high.

SHEL - MACD bearish crossover despite still being BULLISH above all EMAs. Weekly RSI -5.5, three-day down streak. ADX 35.2 says the prevailing trend is strong, so this is early - but paired with BP it confirms sector-wide energy weakness.

BAE - 5-day down streak, the only sustained multi-day decline in the FTSE set. Week -2.73%, weekly RSI -7.9, below EMA20 at 2116.00 area. Structure still MIXED with EMA50 and EMA200 beneath, but the persistence is the signal.

RTO - Rentokil - the weakest name in the book, avoid entirely. RSI 30.9 and approaching oversold, BEARISH below all EMAs, 13.3% below POC at 398.07, ADX 38.2 confirming a strong downtrend, 32.0% off the 52-week high, and only 4.7% above its 52-week low of 329.60. Do not catch this knife. IMB is close behind: RSI 33.1, 8.5% below POC, and its 52-week low of 2476 is just 1.8% below Tuesday's close.

Overextension warnings on the long side. SGE has RSI 73.8, ADX 50 and trades 23.0% above POC - the most stretched name in the set by a distance. WPP is 26.7% above POC with ADX 41.6. ADM has RSI 69.9 and is 0.2% from its 52-week high on rv 1.76. These are not shorts, but they are not entries either - chasing here is how good trends take your money.

Volume caveat across the board: of the 40 names, only ADM (rv 1.76) and INF (rv 1.26) traded above average volume. Twenty-eight names came in below rv 0.75 and thirteen below 0.40. This is a thin, late-August tape. Widen stops, halve size, and be sceptical of breakouts that are not confirmed by a genuine pickup in volume.



EVENTS CALENDAR

This week
Thu 27 Aug - Bank of England capital issuance statistics
Fri 28 Aug - Bank of England credit union statistics
Thu 27 Aug - the last of August's four ex-dividend Thursdays. August is one of the heaviest ex-div months of the UK year, with 41 dividend payments landing and companies representing over half the index by weight going ex during the month. Expect mechanical index drag on Thursday morning and do not misread it as selling.

Already gone ex this month
13 Aug - SHEL and GSK (roughly a fifth of the index by weight), paying 21 Sept and 8 Oct respectively
20 Aug - LGEN (yielding 7.3%), paying 25 Sept
August also - BT.A, GLEN, NWG

Next week
Tue 1 Sept - Bank of England effective interest rates
Tue 1 Sept - Bank of England money and credit data

Macro watch
Bank Rate held at 3.75% on 30 July, MPC split 6-3, with explicit guidance that rates could rise if Middle East-linked inflation pressure intensifies. With Brent near 94 dollars, that risk is live. The next MPC decision is the dominant scheduled event on the horizon for UK rate-sensitives - banks, housebuilders and utilities.

Commodity watch
Gold above 4,600 dollars, copper elevated after record highs above 14,000 dollars a tonne on an LME supply squeeze and expected Chilean output cuts, Brent around 94 dollars. The mining trade is entirely dependent on this holding. Any sharp reversal in copper takes AAL, ANTO, GLEN and RIO with it - and those four are carrying the index.



Not financial advice. Always DYOR. Capital at risk.

Tuesday 25 August 2026
Data: close Fri 21 Aug 2026 - latest scanner snapshot (2 sessions old, see note) · UKX: 10,854.32 (Mon 24 Aug close, +0.35%) · Futures: 10,482.3 - far-dated contract, dividend-discounted, NOT a directional gap

DATA-FRESHNESS WARNING: the TV webhook has not delivered a scanner snapshot since Friday 21 August. Every price, EMA, RSI, POC, pivot and Camarilla level below is derived from the 21 August close. Two further sessions have traded since. Treat swing structure as broadly valid, but recompute all intraday pivot and Camarilla levels from Monday's actual H/L/C before trading them. Nothing here is a live level for today.



MARKET OVERVIEW

The FTSE 100 closed Monday 24 August at 10,854.32, up 37.76 points or 0.35% from Friday's 10,816.56. The index opened at 10,816.33, dipped to 10,798.98 early, then ground higher all afternoon to a 10,864.75 high and settled near the top of the range. That is a constructive close - buyers in control into the bell on the last full week of August.

Futures note: the quoted FTSE 100 future prints around 10,482.3 (opened 10,493.6, day range 10,445.8 to 10,507.7). That sits roughly 370 points BELOW cash. This is the contract roll - the front future has rolled to a far-dated quarterly which trades below spot purely on the dividend discount. It is not a bearish gap signal. Cross-checked against the cash close and the news tone, the bias into Tuesday is flat to modestly firm, not lower.

Drivers:
· Copper miners leading - copper broadly flat at US$6.59/lb, but Antofagasta +1.5% and Anglo American +1.2% on Monday, extending a very strong week.
· Gold firm at roughly US$4,646/oz, +0.95% - supportive for the precious complex.
· Brent softer near US$93.16, down about 1.3%, ahead of fresh US sanctions on Iran. Watch SHEL and BP - both are technically strong but had a red Friday.
· Wall Street mixed Monday: Dow +0.2% at 53,382, S&P 500 -0.4% at 7,643, Nasdaq -1.0% at 25,926. Tech is the soft spot.
· Monday laggards: Kingfisher -1.1%; Auto Trader, BAE Systems, AstraZeneca and Melrose all around -1%.

Breadth of the 40-name scanner universe (21 Aug close): 14 BULLISH (above all three EMAs), 4 RECOVERING, 11 MIXED, 11 BEARISH. Net constructive, with the strength heavily concentrated in mining and energy and the weakness concentrated in tobacco, utilities and support services.



NOTABLE CHANGES - day over day (20 to 21 Aug)

1. ANTO - the standout. +5.8% on the day. RSI surged 8.3 points to 55.8. Crossed ABOVE EMA20, ABOVE EMA50 and ABOVE POC all in one session. Week +8.08%, RSI week +12.7. Three-day up streak.
2. RKT - RSI surged 10.0 points to 52.9, +3.1% on the day, crossed ABOVE both EMA20 and EMA50. Still capped by EMA200 at 5212.25.
3. BAE - fresh breakdown. Crossed BELOW EMA20. Five-day down streak, week -5.09%, RSI week -17.6 points. The sharpest deterioration in the universe.
4. LGEN - five-day down streak, week -6.08%, RSI week -17.7 points. RSI 35.8, below EMA20 and EMA50, below POC. Relative volume 0.92 - the highest in the FTSE set, so this is genuine distribution, not thin drift.
5. AZN - crossed ABOVE EMA20 on a five-day up streak, week +5.93%, RSI week +14.5. Still below EMA50 (12,659.59) and EMA200 (13,208.59) - a recovery attempt, not a trend change yet.
6. TSCO - crossed ABOVE EMA200 (456.53 vs close 456.94) with RSI +7.4 points. Marginal, but the first structural improvement in weeks.
7. LLOY - crossed ABOVE EMA50 (111.08 vs close 111.10). Wafer-thin, and still below EMA20 at 113.19.
8. MACD bearish crossovers: AV, WPP and NG all flipped bearish. VOD crossed BELOW EMA20. RTO alone turned MACD bullish, from a deeply oversold RSI of 28.9.



SECTOR HEATMAP

MINING - strongest sector, moving as a bloc
ANTO +5.77%, AAL +2.80%, GLEN +2.05%, RIO +2.03%. All four BULLISH on the strict EMA test and all four trading ABOVE their POC. Weekly: ANTO +8.08%, GLEN +7.36%, RIO +7.33%, AAL +3.19%. AAL is only 3.8% off its 52-week high, GLEN only 4.0%. This is the cleanest sector-wide trend on the board.

ENERGY - strong structure, red Friday
SHEL -1.02% and BP -0.98% on the day but both BULLISH above all EMAs and both above POC. Weekly BP +5.01%, SHEL +2.10%. Brent softness is the near-term headwind.

BANKS - uniformly soft
LLOY, BARC, HSBA, NWG and STAN every one closed below its EMA20. Weekly: BARC -4.72%, RIO aside the banks were the drag - STAN -3.70%, NWG -3.56%, LLOY -3.14%. BARC is the weakest at RSI 38.5 and below both EMA20 and EMA50. Friday's green candles were bounces inside a downtrend, not reversals.

TOBACCO - worst sector on the board
IMB RSI 29.5, BATS RSI 36.8. Both BEARISH below all three EMAs, both below POC, both with deeply negative MACD. IMB is 25.3% off its 52-week high and sitting only 20p above its 52-week low of 2476.

UTILITIES - deteriorating together
NG -1.14% with a fresh MACD bearish crossover, BEARISH below all EMAs, below POC. SSE below EMA20 and EMA50 though still above EMA200. Both under pressure.

PHARMA - mixed, improving
AZN MIXED (above EMA20, below EMA50 and EMA200) but on a five-day up streak. GSK MIXED (above EMA20, below EMA50, above EMA200). HLN BULLISH above all three, four-day up streak.

CONSUMER and STAPLES - quietly repairing
ABF BULLISH, crossed above EMA20, four-day up streak. ULVR RECOVERING, four-day up streak. DGE BULLISH. RKT RECOVERING. TSCO reclaimed EMA200. CPG is the outlier - BEARISH below all three EMAs, RSI 40.2.

DEFENCE - rolling over
BAE below EMA20 on a five-day down streak. RR. also below EMA20, week -4.08%. Both still above EMA50 and EMA200, so this is a pullback rather than a break - for now.



DAILY TECHNICAL SIGNALS - 40 names, 21 Aug close
Format: TICKER · close · day% · trend · RSI · MACD · % from 52w high · vs POC · notes

BULLISH - above all three EMAs (14)
ANTO 3920.00 · +5.77% · RSI 55.8 (+8.3) · MACD -3.74 vs sig 1.74 bearish · -12.4% · ABOVE POC 3864.79 · triple cross NEW
AAL 4077.00 · +2.80% · RSI 60.2 (+4.3) · MACD 79.24 vs 71.54 bullish · -3.8% · ABOVE POC 3793.62
GLEN 596.50 · +2.05% · RSI 66.3 (+4.3) · MACD 12.09 vs 8.81 bullish · -4.0% · ABOVE POC 547.25
RIO 7656.00 · +2.03% · RSI 64.0 (+3. · MACD 94.64 vs 67.76 bullish · -16.0% · ABOVE POC 7249.53
SGE 1098.00 · +1.10% · RSI 73.5 overbought · MACD 51.49 vs 48.86 bullish · -7.0% · ABOVE POC 891.14 · 4-day up streak
ABF 2051.00 · +0.98% · RSI 52.3 · MACD 7.50 vs 17.93 bearish · -13.1% · ABOVE POC 1966.41 · crossed above EMA20
ADM 3956.00 · +0.97% · RSI 64.3 · MACD 82.08 vs 78.11 bullish · -1.2% · ABOVE POC 3555.84 · 4-day up streak
HLN 362.10 · +0.61% · RSI 51.2 · MACD -0.79 vs 0.20 bearish · -13.0% · ABOVE POC 351.31 · crossed above EMA20
AV 716.60 · +0.34% · RSI 59.0 · MACD 13.31 vs 13.98 bearish cross · -3.2% · ABOVE POC 663.25
WPP 389.10 · +0.28% · RSI 65.5 · MACD 28.46 vs 28.93 bearish cross · -5.7% · ABOVE POC 306.92
EXPN 2958.00 · -0.27% · RSI 59.7 · MACD 52.06 vs 49.47 bullish · -25.8% · ABOVE POC 2678.62 · week +5.49%
DGE 1718.50 · -0.29% · RSI 57.2 · MACD 35.89 vs 42.53 bearish · -19.8% · ABOVE POC 1592.17
BP 546.80 · -0.98% · RSI 58.6 · MACD 5.91 vs 4.71 bullish · -10.3% · ABOVE POC 515.35 · week +5.01%
SHEL 3405.07 · -1.02% · RSI 60.7 (-4.7) · MACD 56.20 vs 53.38 bullish · -5.2% · ABOVE POC 3158.24

RECOVERING - above EMA20 and EMA50, still below EMA200 (4)
RKT 5150.00 · +3.06% · RSI 52.9 (+10.0) · MACD 1.87 vs 33.74 bearish · -20.9% · ABOVE POC 4927.75 · EMA200 5212.25 is the wall
III 2876.00 · +2.97% · RSI 61.2 (+6.0) · MACD 45.49 vs 57.44 bearish · -36.0% · ABOVE POC 2525.48 · EMA200 2906.98
REL 2610.34 · +0.90% · RSI 53.8 · MACD 7.32 vs 16.28 bearish · -27.5% · ABOVE POC 2509.04 · 4-day up streak, week +5.81%
ULVR 4670.00 · +0.45% · RSI 52.4 · MACD -0.70 vs 9.92 bearish · -15.5% · ABOVE POC 4513.46 · EMA200 4678.33 just overhead

MIXED (11)
AZN 12228.00 · +1.16% · above EMA20, below EMA50, below EMA200 · RSI 49.4 · -22.3% · BELOW POC 12692.98 · 5-day up streak
GSK 1917.00 · -0.18% · above EMA20, below EMA50, above EMA200 · RSI 50.5 · -16.0% · BELOW POC 1934.12
LLOY 111.10 · +1.23% · below EMA20, above EMA50, above EMA200 · RSI 44.1 (+4.5) · -5.8% · ABOVE POC 109.53
HSBA 1520.80 · +1.21% · below EMA20 (1521.35 - by 0.55p), above EMA50, above EMA200 · RSI 51.4 (+4.2) · -8.0% · ABOVE POC 1475.94
STAN 2161.00 · +0.37% · below EMA20, above EMA50, above EMA200 · RSI 48.5 · -4.5% · ABOVE POC 2090.99
NWG 682.00 · +0.65% · below EMA20, above EMA50, above EMA200 · RSI 46.3 · -6.1% · ABOVE POC 664.74
INF 898.40 · +0.88% · below EMA20 (899.28 - by 0.88p), above EMA50, above EMA200 · RSI 50.8 · -10.2% · ABOVE POC 875.65 · rv 0.12, extremely thin
RR. 1500.00 · +0.04% · below EMA20 (1501.87), above EMA50, above EMA200 · RSI 52.4 · -5.4% · ABOVE POC 1408.61
BNZL 2754.00 · -0.07% · below EMA20, above EMA50, above EMA200 · RSI 49.8 · -4.6% · ABOVE POC 2623.91
VOD 117.25 · -0.64% · below EMA20, above EMA50, above EMA200 · RSI 50.5 · -5.3% · ABOVE POC 113.66 · crossed BELOW EMA20
BAE 2127.00 · -0.84% · below EMA20, above EMA50, above EMA200 · RSI 51.6 (-2. · -9.9% · ABOVE POC 1965.83 · crossed BELOW EMA20

BEARISH - below EMA20 and EMA50 (11)
RTO 345.30 · +1.23% · below all three · RSI 28.9 oversold · MACD -21.28 vs -21.46 bullish cross · -31.9% · BELOW POC 400.71
IMB 2496.50 · -0.74% · below all three · RSI 29.5 oversold · MACD -71.21 vs -48.19 · -25.3% · BELOW POC 2763.05 · 52w low 2476
LGEN 284.40 · -0.66% · below EMA20 and EMA50, above EMA200 · RSI 35.8 · MACD -0.42 vs 2.46 · -10.6% · BELOW POC 290.48 · rv 0.92 real selling
BATS 4127.00 · -0.82% · below all three · RSI 36.8 · MACD -111.48 vs -93.08 · -17.5% · BELOW POC 4482.84
BARC 491.00 · +0.41% · below EMA20 and EMA50, above EMA200 · RSI 38.5 · MACD -3.31 vs 0.67 · -8.8% · BELOW POC 502.73
CPG 3085.00 · +0.16% · below all three · RSI 40.2 · -17.7% · BELOW POC 3221.00 · scanner feed was quoted in pounds, prices multiplied by 100 to restore pence - treat CPG levels as approximate
NG 1173.00 · -1.14% · below all three · RSI 41.2 (-4.3) · MACD -9.93 vs -9.66 bearish cross · -17.9% · BELOW POC 1214.33
TSCO 456.94 · +1.86% · below EMA20 and EMA50, above EMA200 · RSI 43.8 (+7.4) · -12.2% · BELOW POC 462.88 · reclaimed EMA200
PRU 1025.00 · +1.28% · below all three · RSI 44.9 (+3.5) · MACD -10.36 vs -6.32 · -17.2% · BELOW POC 1025.15
LSEG 8614.00 · +0.84% · below all three · RSI 47.7 · MACD -60.72 vs -47.15 · -15.0% · BELOW POC 8667.90
SSE 2396.00 · +0.46% · below EMA20 and EMA50, above EMA200 · RSI 49.2 · MACD -2.82 vs -4.75 · -16.2% · ABOVE POC 2392.02

Verification: all 40 EMA classifications were re-checked programmatically against close vs EMA20, EMA50 and EMA200. Zero mismatches. One pence-scale correction applied (CPG).

Volume caveat: relative volume across the FTSE set is unusually low - 33 of 40 names printed rv below 0.5, and the entire set averages roughly 0.38. Late-August holiday liquidity. Widen stops, size down, and distrust marginal breakouts. The only names with meaningful participation were LGEN 0.92, ANTO 0.96, SHEL 0.67 and NG 0.56.



TOP SWING SETUPS

1. ANTO - LONG - NEW (triggered 21 Aug)
The single cleanest new signal on the board. One session delivered a cross above EMA20 (3772.75), above EMA50 (3787.41) and above POC (3864.79), on +5.8% with RSI jumping 8.3 points and the best relative volume in the FTSE set at 0.96. Week +8.08%, three-day up streak. Copper miners were still bid on Monday (ANTO +1.5%).
Entry: 3865 to 3890 on a pullback into the POC and pivot cluster · Stop: 3700 (below EMA50 and the 3789.67 Camarilla S4) · T1: 4124 · T2: 4259 · R:R: 1.57 to T1, 2.39 to T2
Confluence: POC 3864.79 sits almost exactly on the pivot 3887.68 and just above the EMA20/EMA50 pair at 3772/3787 - a dense support shelf. ATR 179.
Caution: MACD is still below its signal line (-3.74 vs 1.74). The price cross has led the momentum cross. Wait for MACD to confirm or accept the extra risk.

2. AAL - LONG - CONTINUING
The best-positioned miner. BULLISH above all three EMAs, MACD bullish (79.24 vs 71.54), RSI 60.2 and rising, above POC 3793.62, and only 3.8% below its 52-week high of 4239. Gained 1.2% again on Monday.
Entry: 4020 to 4040 on a dip into the S1/Camarilla S4 zone (4022 / 4014.30) · Stop: 3880 (below EMA20 3891.03) · T1: 4239 (52-week high) · T2: 4400 · R:R: 1.39 to T1, 2.47 to T2
Confluence: EMA20 3891, EMA50 3803 and POC 3794 stack into a wide but solid base. ATR 143.78.
Caution: rv 0.35 - very thin. A 52-week-high breakout on this volume is suspect; prefer to buy the dip rather than chase the break.

3. RIO - LONG - CONTINUING
Week +7.33% with RSI up 15.9 points - the largest weekly RSI expansion in the FTSE universe. BULLISH above all three EMAs, MACD firmly bullish (94.64 vs 67.76), above POC 7249.53. Three-day up streak.
Entry: 7550 to 7620 (S1 7548.20 / pivot 7614.30) · Stop: 7230 (below POC and EMA50 7232.04) · T1: 7896 · T2: 8100 · R:R: 1.15 to T1, 1.83 to T2
Confluence: POC 7249.53 and EMA50 7232.04 sit within 18 points of each other - an unusually tight, high-quality support confluence. ATR 198.54.
Caution: R:R to T1 is under 1.5. Only worth taking on the deeper end of the entry band, and rv 0.32 is thin.

4. SGE - LONG on pullback only - CONTINUING
BULLISH above all three EMAs with a four-day up streak and week +4.97%. MACD bullish. But RSI is 73.5 - overbought, and the POC at 891.14 is 19% below spot, meaning there is no volume support anywhere near current price.
Entry: 1060 to 1070 only (S2 1062.91) · Stop: 1010 (just below EMA20 1016.56) · T1: 1138 · T2: 1181 (52-week high) · R:R: 1.42 to T1, 2.23 to T2
Do not chase at 1098. This is a wait-for-the-dip trade. If it does not come back to the EMA20, skip it.

5. RKT - LONG - NEW (triggered 21 Aug)
Biggest single-day RSI surge in the set, +10.0 points to 52.9, on +3.1%, reclaiming both EMA20 (5117.02) and EMA50 (5053.41) in one move. Above POC 4927.75.
Entry: 5080 to 5110 on a retest of the reclaimed EMA20 · Stop: 4970 (below EMA50 and S2 4942) · T1: 5270 · T2: 5374 · R:R: 1.31 to T1, 2.11 to T2
The wall: EMA200 at 5212.25. This is a RECOVERING name, not a trend name - it must clear 5212 to become anything more, and that level sits between T1 and entry. Expect a fight there.
Caution: rv 0.46, and MACD is deeply below signal (1.87 vs 33.74). Momentum has not confirmed.

Honourable mention - AZN
Crossed above EMA20 on a five-day up streak, week +5.93%, RSI week +14.5. But it closed BELOW POC 12,692.98, below EMA50 12,659.59 and below EMA200 13,208.59, and it was down about 1% on Monday. A counter-trend bounce inside a downtrend. If you want it: entry 12,230, stop 11,820, T1 12,660, T2 13,209 - R:R 1.05 to T1, 2.39 to T2. Only for those happy trading against the primary trend.



INTRADAY SETUPS

MANDATORY CAVEAT: every pivot and Camarilla figure below is calculated from the 21 August H/L/C. Monday 24 August has since traded. These are reference levels showing the shape of each setup, not live levels for today. Recompute from Monday's actual H/L/C before placing any order.

1. GLEN - Camarilla breakout LONG
Direction: Long · Entry: above 602.06 (Cam R4) · Stop: 595.50 · T1: 606.50 (R2) · T2: 611.60 (R3) · R:R: 1.46 to T2
Why: BULLISH above all three EMAs, week +7.36%, RSI 66.3, MACD bullish, three-day up streak, well above POC 547.25. The 21 Aug range was tight (601.40 high, 591.30 low) - a coiled range inside a strong uptrend is exactly the Camarilla R4 breakout condition.

2. AAL - pivot bounce LONG
Direction: Long · Entry: 4087.45 (Cam R1) reclaim after holding pivot 4081 · Stop: 4045.65 (Cam S3) · T1: 4108.35 (Cam R3) · T2: 4139.70 (Cam R4) · R:R: 1.25 to T2
Why: AAL closed at 4077 against a pivot of 4081 - dead on it. Holding the pivot in a name this close to its 52-week high is a high-probability long. Losing 4045.65 flips it and invalidates.

3. IMB - Camarilla breakdown SHORT
Direction: Short · Entry: below 2488.80 (Cam S3) · Stop: 2504.20 (pivot 2504.17) · T1: 2476.17 (S2) · T2: 2458.33 (S3) · R:R: 1.98 to T2
Why: BEARISH below all three EMAs, RSI 29.5, MACD -71.21 well below signal -48.19, below POC 2763.05, 25.3% off the 52-week high. The 52-week low at 2476 sits between T1 and T2 - expect a bounce attempt there, so bank T1.

4. BATS - Camarilla range fade SHORT
Direction: Short · Entry: rejection at 4132.68 (Cam R1) · Stop: 4144.05 (Cam R3, also the pivot 4144.33) · T1: 4115.63 (Cam S2) · T2: 4104.67 (S1) · R:R: 2.46 to T2
Why: Closed 4127, below the pivot. BEARISH below all three EMAs, RSI 36.8, MACD -111.48 vs -93.08, and a long way below POC 4482.84. Fading rallies into R1 is the correct posture in a name this weak.

5. RIO - Camarilla breakout LONG
Direction: Long · Entry: above 7751.64 (Cam R4) · Stop: 7671.94 (Cam R1) · T1: 7788.19 (R2) · T2: 7895.98 (R3) · R:R: 1.81 to T2
Why: Strongest weekly RSI expansion in the set. BULLISH structure, MACD bullish, above POC. Camarilla R4 breakouts work best when the daily trend already agrees, and here it does.



KEY LEVELS DASHBOARD

ANTO - 3920.00
Cam: S4 3789.67 · S3 3854.83 · S1 3898.28 || R1 3941.72 · R3 3985.17 · R4 4050.33
Classic: S3 3548.38 · S2 3650.71 · S1 3785.35 · P 3887.68 · R1 4022.32 · R2 4124.65 · R3 4259.29
EMAs: 20 3772.75 · 50 3787.41 · 200 3506.72 · POC 3864.79 · ATR 179.00
Prev H/L: 3990.00 / 3753.03 · 52w H/L: 4475.00 / 2115.00

AAL - 4077.00
Cam: S4 4014.30 · S3 4045.65 · S1 4066.55 || R1 4087.45 · R3 4108.35 · R4 4139.70
Classic: S3 3908 · S2 3967 · S1 4022 · P 4081 · R1 4136 · R2 4195 · R3 4250
EMAs: 20 3891.03 · 50 3803.27 · 200 3472.86 · POC 3793.62 · ATR 143.78
Prev H/L: 4140.00 / 4026.00 · 52w H/L: 4239.00 / 2185.00

RIO - 7656.00
Cam: S4 7560.36 · S3 7608.18 · S1 7640.06 || R1 7671.94 · R3 7703.82 · R4 7751.64
Classic: S3 7374.31 · S2 7440.41 · S1 7548.20 · P 7614.30 · R1 7722.09 · R2 7788.19 · R3 7895.98
EMAs: 20 7279.20 · 50 7232.04 · 200 6774.09 · POC 7249.53 · ATR 198.54
Prev H/L: 7680.39 / 7506.50 · 52w H/L: 9117.00 / 4511.44

GLEN - 596.50
Cam: S4 590.95 · S3 593.72 · S1 595.57 || R1 597.43 · R3 599.28 · R4 602.06
Classic: S3 581.30 · S2 586.30 · S1 591.40 · P 596.40 · R1 601.50 · R2 606.50 · R3 611.60
EMAs: 20 559.51 · 50 549.71 · 200 502.52 · POC 547.25 · ATR 17.24
Prev H/L: 601.40 / 591.30 · 52w H/L: 621.50 / 281.93

SHEL - 3405.07
Cam: S4 3380.87 · S3 3392.97 · S1 3401.04 || R1 3409.10 · R3 3417.17 · R4 3429.27
Classic: S3 3346.38 · S2 3375.69 · S1 3390.38 · P 3419.69 · R1 3434.38 · R2 3463.69 · R3 3478.38
EMAs: 20 3327.28 · 50 3248.32 · 200 3080.15 · POC 3158.24 · ATR 61.61
Prev H/L: 3449.00 / 3405.00 · 52w H/L: 3591.50 / 2553.77



BEARISH WARNINGS

PRIORITY 1 - fresh EMA breaks on 21 Aug
BAE 2127.00 - crossed BELOW EMA20 (2143.97) on a five-day down streak. Week -5.09%, RSI week -17.6 points. Down another 1% on Monday. Still above EMA50 (2059.31) and EMA200 (1974.69), so 2059 is the line that matters - lose it and this becomes a proper trend break. The most rapidly deteriorating chart in the universe.
VOD 117.25 - crossed BELOW EMA20 (117.89) on a three-day down streak. RSI 50.5 and falling. EMA50 at 115.05 is the next support; below that and 113.66 POC is in play.

PRIORITY 2 - genuine distribution
LGEN 284.40 - five-day down streak, week -6.08%, RSI week -17.7 points (worst in the set), RSI 35.8, below EMA20 and EMA50, below POC 290.48. Critically, rv 0.92 is the highest FTSE relative volume on the board - in a week where everything else printed sub-0.5, this is real selling, not holiday drift. Next support EMA200 271.23. Avoid catching this knife.

PRIORITY 3 - fresh MACD bearish crossovers
NG 1173.00 - MACD crossed bearish (-9.93 vs -9.66), BEARISH below all three EMAs, below POC 1214.33, RSI down 4.3 points. Weakest utility.
WPP 389.10 - MACD crossed bearish (28.46 vs 28.93) with RSI at 65.5. The EMA structure is still BULLISH and the stock is well above POC 306.92, so this is an early warning on an extended name rather than a short signal.
AV 716.60 - MACD crossed bearish (13.31 vs 13.98). Structure still BULLISH, only 3.2% off its 52-week high. Watch EMA20 706.77.

PRIORITY 4 - established downtrends, no bounce signal yet
IMB 2496.50 - RSI 29.5, below all EMAs, sitting 20p above its 52-week low of 2476. MACD -71.21 and diverging further from signal. A break of 2476 opens fresh lows.
BATS 4127.00 - RSI 36.8, below all three EMAs, 356 points below POC 4482.84.
LSEG 8614.00 - BEARISH below all three EMAs, MACD -60.72 vs -47.15 and widening, below POC 8667.90.
CPG 3085.00 - BEARISH below all three EMAs, RSI 40.2, below POC 3221. Note the feed quoted CPG in pounds; prices were multiplied by 100 to restore pence, so treat these figures as approximate.
RTO 345.30 - RSI 28.9, deeply oversold, 31.9% off its 52-week high, 55 points below POC 400.71. MACD did turn bullish (-21.28 vs -21.46) - the first flicker of a base, but nowhere near a buy. Watch, do not touch.

PRIORITY 5 - the banks
Every single UK bank in the scanner closed below its EMA20: LLOY 111.10 vs 113.19, BARC 491.00 vs 509.23, HSBA 1520.80 vs 1521.35, NWG 682.00 vs 692.94, STAN 2161.00 vs 2181.78. Weekly returns were negative across the board (BARC -4.72%, STAN -3.70%, NWG -3.56%, LLOY -3.14%, HSBA -0.89%). BARC is the weakest at RSI 38.5 and below POC 502.73. Treat Friday's green candles as bounces, not reversals, until at least two of these reclaim their EMA20 together.



EVENTS CALENDAR

This week
· Wednesday - NVIDIA earnings. The single biggest global risk event of the week. Nasdaq already fell 1.0% on Monday. A miss hits UK tech-adjacent names and general risk appetite; the FTSE's mining and energy leadership offers some insulation but not immunity.
· Also reporting in the US this week: Salesforce, CrowdStrike, Intuit, Workday. Technology sits at the centre of a week shaped by trade tensions, bond-market nerves and Fed policy signals.
· US sanctions on Iran - Brent already down about 1.3% to US$93.16 into the announcement. Direct read-through to SHEL and BP, both of which are technically strong but were red on Friday.
· Copper flat at US$6.59/lb and gold firm at US$4,646/oz, +0.95%. The mining bloc (ANTO, AAL, RIO, GLEN) is the most commodity-sensitive part of this report - watch both prints daily.
· This is the last full trading week of August. Liquidity is thin - confirmed by the scanner data, where 33 of 40 names printed relative volume below 0.5. Expect exaggerated moves on light flow and unreliable breakouts.

Ex-dividend
A heavy August ex-dividend calendar has been running through the FTSE 100. Around a fifth of the index by weight went ex on 13 August, led by Shell and GSK ahead of payments on 21 September and 8 October. Legal and General, BT, Glencore and NatWest have also been among the August ex-dividend names. If a chart shows an unexplained gap down, check the ex-dividend date before treating it as a technical break - LGEN in particular sits in that window.

Verify before trading
Individual UK company reporting dates for this week were not confirmable from a primary source in this run. Check the LSE RNS feed for any of the names above before taking a position into an unknown announcement.



SUMMARY

Lean long the mining bloc - ANTO, AAL, RIO and GLEN are the only sector moving as a unit, all BULLISH above every EMA, all above POC, and copper miners were still bid on Monday. Avoid the banks and tobacco entirely. Watch BAE and LGEN for confirmation of breakdown. Do not chase SGE at RSI 73.5.

Above all, respect two things this session: the levels here are two sessions old, and August liquidity is exceptionally thin. Size down and recompute your intraday levels from Monday's close before you act on anything above.


Not financial advice. Always DYOR. Capital at risk.

Monday 24 August 2026
Data: close Friday 21 August 2026 - latest scanner snapshot (40 FTSE 100 constituents) · UKX: 10,816.56 (+68.40, +0.6%) · Futures: 10,482.3 - deferred contract, discount is dividend-related, NOT a directional gap



MARKET OVERVIEW

The FTSE 100 closed Friday at 10,816.56, up 68.40 points or 0.6%, capping a positive week. FTSE 250 ended +0.9% at 24,718.82; AIM All-Share +1.0% at 811.96. The lift came from two places: UK flash PMIs showed private-sector output expanding at the fastest pace since April, driven by a services turnaround, and a surging gold price dragged the mining complex higher.

Futures caution. The quoted FTSE 100 future prints 10,482.3 (opened 10,493.6, range 10,445.8-10,507.7). That is roughly 334 points, or 3.1%, BELOW the cash close. This is a deferred quarterly contract trading at a dividend discount - it is NOT a 300-point gap down. The news tone into Monday is constructive, not risk-off. Treat direction as NEUTRAL-TO-CONSTRUCTIVE and let the 08:00 auction set the tone.

Commodity backdrop. Gold settled Friday at USD 4,608/oz, +1.80%, its highest since mid-May, extending weekly gains near 5% on a softer dollar and safe-haven demand. Silver USD 68.99, +1.15%. Copper held around USD 6.46/lb as LME deliveries eased the supply squeeze. Brent, by contrast, fell sharply to around USD 104.4/bbl, down 4.21% - which is exactly why SHEL and BP were the two weakest FTSE names on the day despite both still sitting above all three EMAs.

Breadth and conviction. 26 of 40 tracked names closed higher. But relative volume is the story: only ANTO (0.96), LGEN (0.92), SHEL (0.67) and NG (0.56) traded above 0.5x average. Every other name printed thin summer volume, several below 0.35x. Per volume-profile discipline, low RV means genuine conviction is absent - widen stops and cut size. Do not treat Friday's moves as fully confirmed.

EMA structure across the 40: 14 BULLISH (above all three), 11 MIXED, 7 BEARISH (below all three), 4 bearish below 20/50, 4 bullish above 20/50.



NOTABLE CHANGES - DAY OVER DAY

ANTO - the standout. +5.77% on the day, RSI surged 8.3 points to 55.8, crossed ABOVE EMA20, ABOVE EMA50 and ABOVE its POC in a single session. Week +8.08%, three-day up streak, RSI week +12.7. This is a full structural flip from bearish to bullish and it came on the highest relative volume in the FTSE universe (0.96).

RKT - +3.06%, RSI surged 10 points to 52.9, crossed ABOVE EMA20 and ABOVE EMA50 on the same day. Still below EMA200 at 5212.25, so this is a recovery not a trend, but a genuine one.

AZN - crossed ABOVE EMA20, fifth consecutive up day, week +5.93%, RSI week +14.5. From a deeply oversold base 22.3% below its 52-week high. First real sign of life in the pharma heavyweight.

BAE - crossed BELOW EMA20, fifth consecutive down day, week -5.09%, RSI week -17.6 points. A fresh breakdown in a name that had been a market leader. This is the cleanest deterioration on the board.

LGEN - fifth consecutive down day, week -6.08%, RSI week -17.7 points, RSI now 35.8. And critically it is doing this on 0.92x RV - unlike almost everything else, the selling here is real.

RIO / GLEN - week +7.33% and +7.36% respectively, RIO RSI +15.9 on the week, GLEN +12.6. Both above all three EMAs and above POC. GLEN's stochastic RSI is pinned at 100 - extended.

TSCO - crossed ABOVE EMA200 (456.53) for the first time, closing at 456.94 which was the exact high of the day. ADX 36.9. Still below EMA20 and EMA50, so structure remains bearish-below-20/50, but the 200 reclaim matters.

MACD bearish crossovers: AV, WPP, NG all flipped negative. WPP is the notable one - RSI 65.5 and ADX 41.2, so a strong uptrend just lost its momentum confirmation.



SECTOR HEATMAP

MINERS - STRONGEST. ANTO +5.77%, AAL +2.80%, GLEN +2.05%, RIO +2.03%. All four above all three EMAs, all four above POC. Gold at USD 4,608 and copper stabilising is doing the work. This sector moved together and is the highest-conviction long theme on the board. AAL is only 3.8% off its 52-week high, GLEN only 4.0%.

INVESTMENT / SPECIALITY - STRONG. III +2.97%, REL +0.90%, EXPN -0.27% but above all three EMAs, SGE +1.10% with RSI 73.5 and ADX 47.5. SGE is the single strongest trend reading in the universe.

CONSUMER STAPLES - RECOVERING. RKT +3.06%, TSCO +1.86%, ABF +0.98%, ULVR +0.45%, DGE -0.29%. Three of these crossed above EMA20 or EMA200 on Friday. A coordinated bid into defensives.

BANKS - MIXED. LLOY +1.23%, HSBA +1.21%, NWG +0.65%, BARC +0.41%, STAN +0.37%. Every one of them is above EMA50 and EMA200 but below EMA20. LLOY reclaimed EMA50 on Friday. BARC is the weak link with RSI 38.5 and price below POC. The sector is coiled, not trending.

PHARMA - IMPROVING. AZN +1.16% crossed above EMA20, GSK -0.18% above EMA20 and EMA200 but below EMA50, HLN +0.61% above all three. AZN's five-day streak is the driver.

ENERGY - WEAKEST ON THE DAY. SHEL -1.02%, BP -0.98%. Both are still above all three EMAs and above POC, so structure is intact, but Brent's 4.21% drop hit them and SHEL closed on its low at 3405 versus a session high of 3449.

TOBACCO - WORST STRUCTURE. IMB -0.74% RSI 29.5, BATS -0.82% RSI 36.8. Both below all three EMAs, both below POC. IMB is sitting 20 pence off its 52-week low.

UTILITIES - WEAK. NG -1.14% below all three EMAs with a fresh MACD bearish crossover. SSE +0.46% but still below EMA20 and EMA50. Only SSE's POC reclaim offers any positive.



DAILY TECHNICAL SIGNALS

BULLISH - above EMA20, EMA50 and EMA200
ANTO 3920 (+5.77%) RSI 55.8 MACD bear · -12.4% from 52wH · above POC 3864.79 · RSI +8.3
AAL 4077 (+2.80%) RSI 60.2 MACD bull · -3.8% · above POC 3793.62
GLEN 596.50 (+2.05%) RSI 66.3 MACD bull · -4.0% · above POC 547.25 · StochRSI 100
RIO 7656 (+2.03%) RSI 64.0 MACD bull · -16.0% · above POC 7249.53
SGE 1098 (+1.10%) RSI 73.5 MACD bull · -7.0% · above POC 891.14 · ADX 47.5
ABF 2051 (+0.98%) RSI 52.3 MACD bear · -13.1% · above POC
ADM 3956 (+0.97%) RSI 64.3 MACD bull · -1.2% · above POC
HLN 362.10 (+0.61%) RSI 51.2 MACD bear · -13.0% · above POC
AV 716.60 (+0.34%) RSI 59.0 MACD bear · -3.2% · above POC · MACD just crossed down
WPP 389.10 (+0.28%) RSI 65.5 MACD bear · -5.7% · above POC · ADX 41.2 · MACD just crossed down
EXPN 2958 (-0.27%) RSI 59.7 MACD bull · -25.8% · above POC
DGE 1718.50 (-0.29%) RSI 57.2 MACD bear · -19.8% · above POC
BP 546.80 (-0.98%) RSI 58.6 MACD bull · -10.3% · above POC
SHEL 3405.07 (-1.02%) RSI 60.7 MACD bull · -5.2% · above POC · closed on the low

BULLISH above EMA20 and EMA50, below EMA200
RKT 5150 (+3.06%) RSI 52.9 MACD bear · -20.9% · above POC · RSI +10.0
III 2876 (+2.97%) RSI 61.2 MACD bear · -36.0% · above POC
REL 2610.34 (+0.90%) RSI 53.8 MACD bear · -27.5% · above POC
ULVR 4670 (+0.45%) RSI 52.4 MACD bear · -15.5% · above POC

MIXED - exact structure stated
LLOY 111.10 (+1.23%) above EMA50 and EMA200, below EMA20 · RSI 44.1 · above POC · reclaimed EMA50
HSBA 1520.80 (+1.21%) above EMA50 and EMA200, below EMA20 · RSI 51.4 · above POC
AZN 12228 (+1.16%) above EMA20, below EMA50 and EMA200 · RSI 49.4 · below POC 12692.98 · ADX 37.2
INF 898.40 (+0.88%) above EMA50 and EMA200, below EMA20 · RSI 50.8 · above POC
NWG 682.00 (+0.65%) above EMA50 and EMA200, below EMA20 · RSI 46.3 · above POC
STAN 2161 (+0.37%) above EMA50 and EMA200, below EMA20 · RSI 48.5 · above POC
RR. 1500 (+0.04%) above EMA50 and EMA200, below EMA20 · RSI 52.4 · above POC
BNZL 2754 (-0.07%) above EMA50 and EMA200, below EMA20 · RSI 49.8 · above POC
GSK 1917 (-0.18%) above EMA20 and EMA200, below EMA50 · RSI 50.5 · below POC
VOD 117.25 (-0.64%) above EMA50 and EMA200, below EMA20 · RSI 50.5 · above POC · just lost EMA20
BAE 2127 (-0.84%) above EMA50 and EMA200, below EMA20 · RSI 51.6 · above POC · just lost EMA20

BEARISH below EMA20 and EMA50, above EMA200
TSCO 456.94 (+1.86%) RSI 43.8 · -12.2% · below POC · ADX 36.9 · reclaimed EMA200
SSE 2396 (+0.46%) RSI 49.2 · -16.2% · above POC · reclaimed POC
BARC 491.00 (+0.41%) RSI 38.5 · -8.8% · below POC 502.73 · StochRSI 7.2
LGEN 284.40 (-0.66%) RSI 35.8 · -10.6% · below POC 290.48 · RV 0.92

BEARISH - below all three EMAs
PRU 1025 (+1.28%) RSI 44.9 · -17.2% · below POC · reports Wednesday
RTO 345.30 (+1.23%) RSI 28.9 · -31.9% · below POC · ADX 38.2 · MACD bullish crossover
LSEG 8614 (+0.84%) RSI 47.7 · -15.0% · below POC · ADX 10.2
CPG 3085 (+0.16%) RSI 40.2 · -17.7% · below POC
IMB 2496.50 (-0.74%) RSI 29.5 · -25.3% · below POC · 52w low 2476
BATS 4127 (-0.82%) RSI 36.8 · -17.5% · below POC
NG 1173 (-1.14%) RSI 41.2 · -17.9% · below POC · MACD bearish crossover



TOP SWING SETUPS

1. ANTOFAGASTA - LONG - NEW
Structural flip on Friday: crossed above EMA20 (3772.75), EMA50 (3787.41) and POC (3864.79) in one session, +5.77%, RSI +8.3 to 55.8. Already above EMA200 at 3506.72. Highest relative volume on the board at 0.96, so this move has actual participation behind it. Gold at a three-month high and copper stabilising is the fundamental driver. MACD has not yet crossed bullish - that is the one missing confirmation.
Entry: 3870 pullback into POC / EMA cluster · Stop: 3750 (below EMA20, 0.67 ATR) · T1: 4050 · T2: 4259 · R:R: 1.5 to T1, 3.2 to T2
Confluence: POC 3864.79, EMA20 3772.75, EMA50 3787.41 and classic S1 3785.35 all stack within 20 points. Cam S4 3789.67 reinforces. ATR 179.

2. RIO TINTO - LONG - CONTINUING
Above all three EMAs, week +7.33%, RSI 64.0 and +15.9 on the week, MACD bullish, well above POC at 7249.53. Structure is clean and the gold and iron-ore backdrop supports it. Caveat: RV only 0.32 and StochRSI 91.6 - extended and thin, so this is a pullback buy, not a chase.
Entry: 7550 into classic S1 7548.20 · Stop: 7370 (below S3 7374.31) · T1: 7896 · T2: 8100 · R:R: 1.9 to T1, 3.1 to T2
Confluence: S1 7548.20 and Cam S4 7560.36 within 12 points. ATR 198.54, so a 180-point stop is 0.9 ATR - tight; consider 7340 if you want daily-close protection.

3. ASTRAZENECA - LONG - NEW
Crossed above EMA20 (12112.77) on Friday, fifth straight up day, week +5.93%, RSI week +14.5. MACD bullish. Sitting 22.3% below the 52-week high of 15730 and only 1704 points above the 52-week low - this is a base-recovery trade, not a trend trade. Still below EMA50 (12659.59), EMA200 (13208.59) and POC (12692.98), so the burden of proof is on the bulls. ADX 37.2 confirms the down-move had force, which makes the reclaim meaningful. StochRSI 100 - short-term extended.
Entry: 12250 on a break of Friday's 12242 high · Stop: 11900 (below Friday's 11926 low, 0.94 ATR) · T1: 12654 · T2: 13208 · R:R: 1.2 to T1, 2.7 to T2
Confluence: T1 at classic R3 12654 sits right on EMA50 12659.59 and just under POC 12692.98 - that zone is the real test. T2 is EMA200.

4. SAGE GROUP - LONG - CONTINUING
The strongest trend in the universe: ADX 47.5, above all three EMAs, four-day up streak, RSI 73.5, price 23% above its POC of 891.14. The trend is not the problem - the entry is. RSI 73.5 and StochRSI 90.3 mean chasing here is poor risk. Wait for the pullback.
Entry: 1060 on a pullback · Stop: 1015 (below EMA20 1016.56) · T1: 1138 · T2: 1181 (52-week high) · R:R: 1.7 to T1, 2.7 to T2
Confluence: EMA20 1016.56 is 8% below spot - the pullback may not come. Classic S3 1051.33 is the nearer shelf. If it never pulls back, skip it rather than paying up.

5. LEGAL AND GENERAL - SHORT - CONTINUING
The only clean bearish setup with real volume behind it. Below EMA20 (298.41) and EMA50 (292.85), below POC (290.48), five-day down streak, week -6.08%, RSI 35.8 and -17.7 on the week, StochRSI at 0. Crucially RV is 0.92 versus a market averaging under 0.4 - the distribution here is genuine, not summer drift. EMA200 at 271.23 is the structural floor.
Entry: 283.20 on a break of Friday's 283.40 low · Stop: 289.70 (above Friday's 289.59 high) · T1: 275.81 · T2: 271.23 (EMA200) · R:R: 1.1 to T1, 1.8 to T2
Confluence: Classic S3 275.81 is T1; EMA200 271.23 is where I would cover in full. ATR 6.69 so the 6.5-point stop is one full ATR. RSI 35.8 is approaching oversold - this is a swing short with a defined floor, not a trend short.



INTRADAY SETUPS

1. LLOYDS - PIVOT BOUNCE - LONG
Reclaimed EMA50 (111.08) on Friday closing at 111.10, +1.23%. Above EMA200 at 101.03, below EMA20 at 113.19. Pivot 110.75 with POC just beneath at 109.53. RSI 44.1 and StochRSI 21 - room to run without being oversold. RV 0.44, so keep size modest.
Entry: 110.90 at Cam S1 · Stop: 109.90 (Cam S4 109.92, POC 109.53) · T1: 111.99 (classic R1) · T2: 112.89 (classic R2) · R:R: 1.1 to T1, 2.0 to T2
Why: pivot 110.75, EMA50 111.08 and POC 109.53 form a tight support shelf. A loss of 109.50 invalidates the EMA50 reclaim entirely - that is a clean line in the sand.

2. GLENCORE - CAMARILLA BREAKOUT - LONG
Above all three EMAs, RSI 66.3, week +7.36%, only 4.0% below the 52-week high of 621.50. Cam range is extremely tight (R3 599.28 to S3 593.72, just 5.6 points on a 17.24 ATR) which is textbook compression ahead of expansion.
Entry: 602.20 on a break above Cam R4 602.06 · Stop: 596.00 · T1: 606.50 (classic R2) · T2: 611.60 (classic R3) · R:R: 0.7 to T1, 1.5 to T2
Why: Camarilla width of 5.6 points against an ATR of 17.24 means the day's expected range is three times the Camarilla band - breakout conditions. StochRSI at 100 is the risk; if it fails at R4, stand aside rather than reversing.

3. SHELL - CAMARILLA BREAKDOWN - SHORT
Closed at 3405.07 which was effectively the session low of 3405, down 1.02%, after Brent fell 4.21%. Still above all three EMAs so this is a counter-structure intraday fade, not a trend short - manage it tightly. RV 0.67, the third-highest on the board.
Entry: 3392.50 on a break below Cam S3 3392.97 · Stop: 3409.10 (Cam R1) · T1: 3380.87 (Cam S4) · T2: 3346.38 (classic S3) · R:R: 0.7 to T1, 2.8 to T2
Why: closing on the low after an oil collapse is continuation behaviour. EMA20 at 3327.28 is the structural backstop - do not hold below it expecting more. If Brent stabilises overnight this setup is void.

4. BAE SYSTEMS - CAMARILLA BREAKDOWN - SHORT
Freshest breakdown on the board: crossed below EMA20 (2143.97) on Friday, fifth consecutive down day, week -5.09%, RSI week -17.6 points, StochRSI at 0. Still above EMA50 2059.31 and EMA200 1974.69, so this is a pullback short within an intact longer trend.
Entry: 2116.50 on a break below Cam S4 2117.10 · Stop: 2126.50 (pivot 2126.33) · T1: 2108.33 (classic S2) · T2: 2099.67 (classic S3) · R:R: 0.8 to T1, 1.7 to T2
Why: Friday's range was only 18 points against an ATR of 50.26 - a heavily compressed inside day after five red sessions. StochRSI at 0 warns a bounce is possible, so take T1 off and trail.

5. TESCO - EMA200 RECLAIM - LONG
Crossed above EMA200 (456.53) on Friday, closing at 456.94 which was the exact session high - the strongest possible close. +1.86%, ADX 36.9. Still below EMA20 462.88 and EMA50 466.82 and below POC 462.88, so it needs follow-through to matter. RV 0.28 is the caution flag.
Entry: 457.90 on a break above Cam R1 457.80 · Stop: 453.80 (below pivot 453.83) · T1: 460.05 (classic R1) · T2: 463.17 (classic R2, POC 462.88) · R:R: 0.5 to T1, 1.3 to T2
Why: POC at 462.88 and EMA20 at 463.37 sit together - that is the real magnet and the real resistance. A close above 463 opens EMA50 at 466.82. Below 453.83 the EMA200 reclaim failed.



KEY LEVELS DASHBOARD

ANTO 3920
Cam: S4 3789.67 · S3 3854.83 · S1 3898.28 || R1 3941.72 · R3 3985.17 · R4 4050.33
Classic: S3 3548.38 · S2 3650.71 · S1 3785.35 · P 3887.68 · R1 4022.32 · R2 4124.65 · R3 4259.29
EMAs: 20 3772.75 · 50 3787.41 · 200 3506.72 · POC 3864.79 · ATR 179.00
Prev H/L: 3990.00 / 3753.03 · 52w H/L: 4475 / 2115

RIO 7656
Cam: S4 7560.36 · S3 7608.18 · S1 7640.06 || R1 7671.94 · R3 7703.82 · R4 7751.64
Classic: S3 7374.31 · S2 7440.41 · S1 7548.20 · P 7614.30 · R1 7722.09 · R2 7788.19 · R3 7895.98
EMAs: 20 7279.20 · 50 7232.04 · 200 6774.09 · POC 7249.53 · ATR 198.54
Prev H/L: 7680.39 / 7506.50 · 52w H/L: 9117 / 4511.44

AZN 12228
Cam: S4 12054.20 · S3 12141.10 · S1 12199.03 || R1 12256.97 · R3 12314.90 · R4 12401.80
Classic: S3 11706 · S2 11816 · S1 12022 · P 12132 · R1 12338 · R2 12448 · R3 12654
EMAs: 20 12112.77 · 50 12659.59 · 200 13208.59 · POC 12692.98 · ATR 373.67
Prev H/L: 12242 / 11926 · 52w H/L: 15730 / 10524

SHEL 3405.07
Cam: S4 3380.87 · S3 3392.97 · S1 3401.04 || R1 3409.10 · R3 3417.17 · R4 3429.27
Classic: S3 3346.38 · S2 3375.69 · S1 3390.38 · P 3419.69 · R1 3434.38 · R2 3463.69 · R3 3478.38
EMAs: 20 3327.28 · 50 3248.32 · 200 3080.15 · POC 3158.24 · ATR 61.61
Prev H/L: 3449.00 / 3405.00 · 52w H/L: 3591.50 / 2553.77

LGEN 284.40
Cam: S4 281.00 · S3 282.70 · S1 283.83 || R1 284.97 · R3 286.10 · R4 287.80
Classic: S3 275.81 · S2 279.61 · S1 282.00 · P 285.80 · R1 288.19 · R2 291.99 · R3 294.38
EMAs: 20 298.41 · 50 292.85 · 200 271.23 · POC 290.48 · ATR 6.69
Prev H/L: 289.59 / 283.40 · 52w H/L: 318.10 / 229.10



BEARISH WARNINGS

FRESH BREAKDOWNS - HIGHEST PRIORITY

BAE 2127 - crossed BELOW EMA20 (2143.97) Friday. Five-day down streak, week -5.09%, RSI week -17.6, StochRSI 0. ADX 32.8 means the move has force. Next support EMA50 2059.31, a further 3.2% down. This was a leadership name; leadership names breaking are worth respecting.

VOD 117.25 - crossed BELOW EMA20 (117.89) Friday, -0.64%. StochRSI 0, RSI 50.5. Still above EMA50 115.05 and EMA200 107.08. Minor for now, but it is a fresh loss of the near-term line.

NG 1173 - MACD bearish crossover on Friday, -1.14%, below all three EMAs and below POC 1214.33. Closed near the session low of 1172.33. RV 0.56 is above the market average. Classic S3 at 1147.22 is the next real shelf.

AV 716.60 and WPP 389.10 - both printed MACD bearish crossovers while still above all three EMAs. WPP is the more notable: ADX 41.2 and RSI 65.5 means a powerful uptrend just lost its momentum confirmation. Neither is a short yet. Both are reasons to tighten longs.

CONTINUING STRUCTURAL WEAKNESS

IMB 2496.50 - below all three EMAs, RSI 29.5, 25.3% off the 52-week high, and just 20 pence above its 52-week low of 2476. RV 0.17 - the lowest on the board. A break of 2476 opens uncharted downside, but the paper-thin volume means any bounce could be violent. Avoid shorting into a 52-week low on 0.17x volume.

BATS 4127 - below all three EMAs, RSI 36.8, below POC 4482.84. EMA200 at 4324.80 is now overhead resistance. Tobacco as a pair is broken.

RTO 345.30 - RSI 28.9, the most oversold name tracked, 31.9% below its 52-week high, below all three EMAs with EMA50 at 400.43 far overhead. But MACD just crossed BULLISH and it closed +1.23%. Do not chase this short - it is stretched and turning.

BARC 491.00 - the weak bank. RSI 38.5, StochRSI 7.2, below EMA20 509.23, below EMA50 502.62 and below POC 502.73. While LLOY, HSBA, NWG and STAN all hold their EMA50, BARC has lost it. A relative-weakness short against a LLOY long is the pairs expression.

CPG 3085 - below all three EMAs, RSI 40.2, 17.7% off the high, below POC 3221. EMA20 3182 and EMA50 3179 sit almost on top of each other, which makes 3180 the single level to watch for any reversal.



EVENTS CALENDAR - WEEK COMMENCING 24 AUGUST 2026

UK CORPORATE
Mon 24 Aug - Goodwin, Full Year Results
Tue 25 Aug - Chesnara, Half Year Results
Wed 26 Aug - PRUDENTIAL, Half Year Results - a tracked name and the key UK event of the week. PRU is below all three EMAs with RSI 44.9 and sits 17.2% below its 52-week high. Consensus looks for new business profit growth around 10-11%. Hong Kong regulatory scrutiny of Mainland-visitor sales is the swing factor. Do not hold a PRU position into Wednesday morning without accepting gap risk. ATR 27.39 understates event-day risk considerably.
Wed 26 Aug - Hochschild Mining, Half Year Results (gold read-across to ANTO, AAL, GLEN, RIO)
Thu 27 Aug - PPHE Hotel Group, Half Year Results
Fri 28 Aug - no FTSE 350 reporters

MACRO - DRIVES THE INDEX MORE THAN ANY SINGLE UK NAME
Tue 25 Aug - US Conference Board consumer confidence, July new home sales
Wed 26 Aug - US durable goods orders
Wed 26 Aug after the US close - NVIDIA Q2 results - the single largest cross-asset risk of the week. A miss hits global risk appetite and would drag the FTSE despite zero direct exposure.
Thu 27 Aug - US Q2 GDP second estimate
Thu 27 to Sat 29 Aug - Jackson Hole Economic Symposium, with Fed Chair Kevin Warsh's keynote expected to signal policy direction into year-end. Dollar-sensitive: a dovish tone supports gold and therefore the miners, which are currently the FTSE's strongest sector.
Fri 28 Aug - US July PCE - headline expected +0.1% month on month, core +0.2%, leaving core at 3.3% year on year.
Also reporting: Palo Alto Networks, Intuit, CrowdStrike, Salesforce.

NOTE: Monday 31 August is the UK Summer Bank Holiday - the London market is closed. This is a full five-day trading week, but expect liquidity to thin further into Friday's close as the long weekend approaches. Given relative volume is already below 0.5x across nearly the entire board, position sizing should be reduced all week.



METHODOLOGY AND DATA NOTES

Data is the Friday 21 August 2026 close, merged from two scanner entries covering 40 FTSE 100 constituents, selected by constituent membership rather than timestamp (the feed carries mislabelled US and NASDAQ-100 entries at later timestamps which were correctly excluded). CPG was received on a pounds scale and all its price fields were multiplied by 100 to align with the GBX quote. All 40 EMA classifications were programmatically re-verified against close versus EMA20, EMA50 and EMA200 - zero mismatches. All levels are exact scanner values with no rounding tolerance applied.

Not financial advice. Always DYOR. Capital at risk.

Thursday 20 August 2026
Data: close of Wednesday 19 August 2026 (latest scanner snapshot) · UKX: 10,743.35 (+15.31, +0.14%) · Futures: 10,482.3 (front contract, see roll note)



MARKET OVERVIEW

The levels in this report are derived from Wednesday's close, high and low. They are valid for today's session but they are NOT live Thursday prices.

Futures / contract-roll note: the front FTSE future prints 10,482.3 against a cash close of 10,743.35 — roughly 261 points below spot. This is NOT a bearish gap. The front contract has rolled to a further-dated quarterly and trades at a dividend discount to spot. Cross-checked against the cash close and the London session tone, direction into today is neutral to mildly firm. Do not read that print as a 2.4% gap down.

Macro drivers:
UK July CPI accelerated to 2.9% from 2.6% (released 19 Aug) — hawkish, pushes back BoE easing expectations and firms gilt yields. That is precisely what is hurting the domestic banks and utilities below.
Brent crude 91.86 USD (+0.92% on 19 Aug), +2.96% on the month and +37% year on year. The war in Iran keeps a supply-risk premium in the barrel. This was the dominant driver of Wednesday's tape.
FOMC minutes fall in the 17-21 Aug window. UK July retail sales and flash S&P Global UK PMIs land Friday 21 Aug — the week's real UK event risk.

Breadth read: the index closed almost flat, but that masks a violent internal rotation. All four big miners rose 3.6-5.0% while every single UK-domestic bank fell and both utilities broke down. Trade the rotation, not the index level.

CONVICTION WARNING: relative volume was thin across the entire universe. All 40 names printed rv below 1.0, with HLN (0.96) the highest and CPG (0.13), INF (0.13), VOD (0.17), IMB (0.20) and AAL (0.22) the thinnest. Even the 5% miner moves came on rv 0.22-0.66. Treat every signal below as lower conviction than the price action implies. Size down, widen stops.



NOTABLE CHANGES (18 Aug to 19 Aug)

1. GLEN +5.02%, RSI +9.6 to 61.5 — biggest single-day move in the universe. Above all three EMAs, above POC.
2. AAL +4.96%, RSI +8.1 to 58.7 — crossed ABOVE EMA20 and posted a MACD BULLISH crossover. Two fresh confirmations on one bar.
3. RIO +3.57%, RSI +8.8 to 56.4 — crossed ABOVE EMA20, ABOVE EMA50 and ABOVE POC on a single bar. The cleanest fresh trend flip on the board.
4. BAE -2.92%, RSI -10.3, MACD BEARISH crossover, 3-day down streak, RSI -15.1 on the week. Closed at 2160 against a low of 2157 — closed on its lows.
5. AV -2.39%, RSI -12.3 — largest RSI drop in the universe, and it happened straight off the 52-week high (740.6 was Wednesday's high). Failed breakout.
6. SSE -1.73% — crossed BELOW EMA20, BELOW EMA50 and BELOW POC in one session. Triple breakdown.
7. NG -2.52%, RSI -9.1 — crossed BELOW EMA20. Utilities broke together; this is the gilt-yield trade.
8. LLOY -1.88% — crossed BELOW EMA50, now a 5-day down streak, RSI -14 on the week. Worst-behaving bank.
9. GSK +1.48% — crossed ABOVE EMA20 and ABOVE EMA200, RSI +12.7 on the week, 3-day up streak.
10. EXPN +1.88% — crossed ABOVE EMA200, week +4.31%.



SECTOR HEATMAP

LEADING
Mining / Resources (+4.4% avg): GLEN +5.02, AAL +4.96, ANTO +4.02, RIO +3.57. All four moved together — a genuine sector-wide bid, not one stock. GLEN, AAL and RIO are all above every EMA and above POC. ANTO is the laggard of the four (still below EMA20 and EMA50, still below POC) and therefore the lowest-quality long of the group.
Energy: BP +0.99, SHEL +0.85. Both BULLISH above all EMAs, both far above POC, both riding 91.86 Brent. SHEL on a 4-day up streak.
Pharma (RECOVERING): AZN +2.23, GSK +1.48, HLN +0.65. AZN put in a MACD bullish crossover and is +10.3 RSI on the week but is still below all three EMAs — recovering, not yet bullish. GSK reclaimed EMA20 and EMA200.

LAGGING
UK Banks (-1.47% avg): LLOY -1.88, STAN -1.82, NWG -1.53, BARC -1.28, HSBA -0.82. Every single one down on a hot CPI print. LLOY lost EMA50, STAN lost EMA20, BARC lost POC. Uniform sector weakness.
Utilities: NG -2.52, SSE -1.73. Both lost EMA20 on the same day.
Tobacco: IMB -1.44, BATS -1.37. Both below all three EMAs, both below POC, RSI 32.0 and 33.2. IMB closed at 2535 against a 52-week low of 2533 — sitting on the floor.
Insurance: AV -2.39, PRU -1.11, LGEN -1.10. ADM +0.87 is the honourable exception — RSI 62.6 and only 1.9% off its 52-week high.

MIXED — Software / Support services: SGE +0.94 (week +6.13%, best FTSE weekly mover, ADX 45), WPP +0.29 (RSI 67.9, above all EMAs, up from a 218.5 low), EXPN +1.88, REL +0.87, RTO -0.05 (worst trend in the index).



DAILY TECHNICAL SIGNALS

Trend is a strict numeric comparison of close against EMA20, EMA50 and EMA200 with no rounding tolerance. Re-checked programmatically across all 40 names: zero mismatches.

BULLISH — above all three EMAs (16 names)
GLEN 578.85 (+5.02%) RSI 61.5 [+9.6] MACD BULL, -6.9% from 52w high, above POC
AAL 4021.0 (+4.96%) RSI 58.7 [+8.1] MACD BULL, -5.1% from 52w high, above POC
RIO 7373.0 (+3.57%) RSI 56.4 [+8.8] MACD BEAR, -19.1% from 52w high, above POC
EXPN 2929.0 (+1.88%) RSI 58.3 [+3.2] MACD BEAR, -26.5% from 52w high, above POC
BP 538.80 (+0.99%) RSI 56.5 MACD BEAR, -11.6% from 52w high, above POC
SGE 1073.0 (+0.94%) RSI 70.5 OVERBOUGHT, MACD BULL, -9.1% from 52w high, above POC
ADM 3928.0 (+0.87%) RSI 62.6 MACD BULL, -1.9% from 52w high, above POC
SHEL 3416.84 (+0.85%) RSI 63.5 MACD BEAR, -4.9% from 52w high, above POC
III 2819.0 (+0.61%) RSI 57.2 MACD BEAR, above 20/50 but BELOW EMA200, -37.3% from 52w high
WPP 392.52 (+0.29%) RSI 67.9 MACD BULL, -4.9% from 52w high, above POC
BNZL 2773.0 (-0.04%) RSI 53.2 MACD BEAR, -3.9% from 52w high, above POC
DGE 1685.5 (-0.15%) RSI 53.1 MACD BEAR, -21.3% from 52w high, above POC
VOD 119.50 (-0.17%) RSI 55.7 MACD BEAR, -3.4% from 52w high, above POC
RR. 1519.80 (-1.17%) RSI 56.0 MACD BEAR, -4.2% from 52w high, above POC
AV 719.40 (-2.39%) RSI 61.0 [-12.3] MACD BULL, -2.9% from 52w high, above POC
BAE 2160.0 (-2.92%) RSI 56.1 [-10.3] MACD BEAR, -8.5% from 52w high, above POC

BEARISH (15 names)
AZN 12069.8 (+2.23%) RSI 46.2 [+5.3] MACD BULL — below all three EMAs, below POC, -23.3% from 52w high
HLN 357.90 (+0.65%) RSI 47.1 MACD BEAR — below all three EMAs, above POC, -14.0% from 52w high
RKT 5008.0 (+0.36%) RSI 43.2 MACD BEAR — below all three EMAs, above POC, -23.1% from 52w high
TSCO 447.00 (+0.20%) RSI 35.2 WEAK, MACD BEAR — below all three EMAs, below POC, -14.1% from 52w high
LSEG 8502.0 (-0.05%) RSI 43.4 MACD BEAR — below all three EMAs, below POC, -16.2% from 52w high
RTO 345.53 (-0.05%) RSI 26.4 OVERSOLD, MACD BEAR — below all three EMAs, below POC, -31.8% from 52w high
PRU 1023.50 (-1.11%) RSI 43.4 MACD BEAR — below all three EMAs, below POC, -17.3% from 52w high
BATS 4090.0 (-1.37%) RSI 33.2 WEAK, MACD BEAR — below all three EMAs, below POC, -18.3% from 52w high
IMB 2535.0 (-1.44%) RSI 32.0 WEAK, MACD BEAR — below all three EMAs, below POC, -24.1% from 52w high
NG 1180.50 (-2.52%) RSI 42.5 [-9.1] MACD BULL — below all three EMAs, below POC, -17.4% from 52w high
ANTO 3698.0 (+4.02%) RSI 47.1 [+6.5] MACD BEAR — below EMA20/EMA50, above EMA200, below POC
CPG 3143.0 (-0.08%) RSI 44.3 MACD BEAR — below EMA20/EMA50, above EMA200, below POC, 5-day down streak
BARC 497.15 (-1.28%) RSI 40.7 MACD BEAR — below EMA20/EMA50, above EMA200, below POC
SSE 2385.0 (-1.73%) RSI 47.2 [-6.6] MACD BULL — below EMA20/EMA50, above EMA200, below POC
LLOY 110.63 (-1.88%) RSI 41.4 [-5.9] MACD BEAR — below EMA20/EMA50, above EMA200, above POC

MIXED (9 names)
GSK 1916.0 (+1.48%) RSI 50.5 — above EMA20, BELOW EMA50, above EMA200, below POC
ULVR 4628.0 (+1.09%) RSI 49.7 — below EMA20, ABOVE EMA50, below EMA200, above POC
REL 2562.0 (+0.87%) RSI 50.2 — below EMA20, ABOVE EMA50, below EMA200, above POC
ABF 2022.0 (+0.30%) RSI 47.4 — below EMA20, above EMA50, above EMA200, above POC
INF 889.80 (-0.51%) RSI 47.3 — below EMA20, above EMA50, above EMA200, above POC
HSBA 1502.20 (-0.82%) RSI 46.1 — below EMA20, above EMA50, above EMA200, above POC
LGEN 297.60 (-1.10%) RSI 47.4 — below EMA20, above EMA50, above EMA200, above POC
NWG 682.60 (-1.53%) RSI 46.0 [-5.1] — below EMA20, above EMA50, above EMA200, above POC
STAN 2161.0 (-1.82%) RSI 48.3 [-6.3] — below EMA20, above EMA50, above EMA200, above POC

Tally: 16 BULLISH · 15 BEARISH · 9 MIXED. Broadly balanced, but the bulls cluster in resources and energy while the bears cluster in tobacco, utilities and domestic-facing services.



TOP SWING SETUPS

1. RIO — LONG — NEW (triggered 19 Aug) — highest quality
Crossed above EMA20 (7210.3), above EMA50 (7202.4) and above POC (7271.5) on a single +3.57% bar, RSI +8.8. Now BULLISH above all three EMAs.
Entry: 7373 continuation, or 7280-7310 on a pullback · Stop: 7148 · T1: 7715 · T2: 7960 · R:R: 1.5 / 2.6 (2.4 / 3.9 on the pullback entry)
Confluence: POC 7271.5 sits almost exactly on the classic pivot 7306, just above EMA20/EMA50 at 7202-7210 — a stacked support shelf at 7200-7310. ADX 19.9 means the trend is only just waking up, which is what you want at the start of a move.
Caveat: MACD still BEAR and rv 0.27 is very thin. Wait for a hold above 7300 rather than chasing.

2. AAL — LONG — NEW (triggered 19 Aug)
+4.96%, crossed above EMA20 (3862.1), MACD BULLISH crossover, RSI +8.1 to 58.7. BULLISH above all three EMAs and only 5.1% from its 52-week high at 4239 — the strongest relative position of any miner.
Entry: 4021, or 3930 on a pullback to EMA9 · Stop: 3855 · T1: 4239 · T2: 4400 · R:R: 1.3 / 2.3
Confluence: POC 3797.9 sits just under EMA20 3862 — the 3800-3860 band is the line in the sand. Above it, the 52-week high is the magnet.
Caveat: rv 0.22, the thinnest volume of any big mover on the day.

3. GLEN — LONG — CONTINUING
Biggest mover (+5.02%) with the biggest RSI surge (+9.6 to 61.5). BULLISH above all EMAs, above POC 547.2, week +2.8%.
Entry: 578.85, or 566-571 on a pullback · Stop: 563.1 · T1: 600 · T2: 621.50 · R:R: 1.3 / 3.7
Confluence: EMA20 552.5, EMA50 546.2 and POC 547.2 are all stacked at 546-553 — a very tight triple-support shelf. Structure is excellent.
Note: GLEN goes ex-dividend Thursday 27 August. The ex-div drop will show as a gap, not a signal — factor it into any hold past that date.

4. SHEL — LONG on breakout — CONTINUING
4-day up streak, RSI 63.5, BULLISH above all EMAs, ADX 34.4 (established trend), far above POC 3149.3. Critically, Wednesday's range was only 35p against an ATR of 63.4 — the tightest coil in the universe. Coils inside a strong trend usually resolve in the trend direction.
Entry: 3426 buy stop above Wednesday's high · Stop: 3345 · T1: 3520 · T2: 3591.50 · R:R: 1.2 / 2.0
Confluence: Brent at 91.86 with an Iran risk premium is the fundamental fuel. EMA20 3306 is deep support.
Caveat: MACD is BEAR despite the up-streak — momentum is flattening even as price grinds higher. Breakout or nothing; do not buy the middle of the range.

5. IMB — SHORT on breakdown — CONTINUING
BEARISH below all three EMAs, below POC 2768.1, RSI 32.0, and closed at 2535 against a 52-week low of 2533. Sitting directly on the floor with no support beneath.
Entry: 2530 sell stop below the 52-week low · Stop: 2596 · T1: 2440 · T2: 2360 · R:R: 1.4 / 2.6
Confluence: EMA9 at 2618 is 3.3% overhead and falling; the whole EMA stack (2683 / 2745 / 2883) is above price. Nothing there to buy it back.
Caveat: rv 0.20. Fifty-two week lows on thin volume bear-trap easily — require the break to actually trade through, do not anticipate.



INTRADAY SETUPS FOR TODAY

All Camarilla and classic pivot levels are computed from Wednesday's high, low and close and are therefore valid for today's session.

1. RIO — CAMARILLA LONG (pivot bounce) — best confluence on the board
Direction: LONG · Entry: 7304 · Stop: 7235 · T1: 7396 · T2: 7442 · R:R: 1.3 / 2.0
Why: cam S3 (7304.25) and the classic pivot (7306.33) sit within two points of each other, with POC (7271.5) just below — three independent methods pointing at the same shelf, on a stock that just triple-crossed higher. Buy the first test.

2. AAL — CAMARILLA LONG (pivot bounce)
Direction: LONG · Entry: 3965 · Stop: 3910 · T1: 4040 · T2: 4077 · R:R: 1.3 / 2.0
Why: cam S3 3965.45 sits right on the classic pivot 3955.67. Fresh MACD bull cross plus an EMA20 reclaim, and only 5% from the 52-week high. Momentum leader with a well-defined pullback zone.

3. BAE — CAMARILLA SHORT (range fade) — best bear-side intraday
Direction: SHORT · Entry: 2182 · Stop: 2205 · T1: 2153 · T2: 2138 · R:R: 1.3 / 2.0
Why: cam R3 (2182.28) sits within three points of the classic pivot (2185) — a hard ceiling. BAE closed at 2160 against a low of 2157, i.e. on its lows, after a -2.92% day, a MACD bearish crossover and a -10.3 RSI drop. Any morning bounce into 2182-2185 is a gift.
Note: the stock is still above all three EMAs (EMA20 2145., so this is a fade, not a trend short. Respect T2 and take the money.

4. GLEN — CAMARILLA LONG (pivot bounce)
Direction: LONG · Entry: 571 · Stop: 563 · T1: 581.5 · T2: 586.7 · R:R: 1.3 / 2.0
Why: cam S3 570.99 and classic pivot 569.75 are a point apart, with EMA9 at 560.6 backstopping just under the stop. Strongest momentum name in the index, and it closed 0.65p off its high — no upper-wick rejection.

5. BATS — CAMARILLA SHORT (trend continuation)
Direction: SHORT · Entry: 4115 · Stop: 4140 · T1: 4082 · T2: 4065 · R:R: 1.3 / 2.0
Why: cam R3 (4115.03) and the classic pivot (4115.00) are identical to two decimal places — the sharpest single level on the board. BATS is BEARISH below all three EMAs, below POC 4501, RSI 33.2, and closed at 4090 against a low of 4082. This is shorting into a pivot ceiling with the trend, not against it.

Risk note for all five: rv was under 0.7 on every name. Consider half size, or widen stops by 0.25x ATR and reduce position accordingly.



KEY LEVELS DASHBOARD

RIO — close 7373.00
Cam: S4 7235.50 · S3 7304.25 · S1 7350.08 || R1 7395.92 · R3 7441.75 · R4 7510.50
Classic: S3 6964.67 · S2 7056.33 · S1 7214.67 · Pivot 7306.33 · R1 7464.67 · R2 7556.33 · R3 7714.67
EMAs: 9 7257.11 · 20 7210.31 · 50 7202.42 · 200 6758.40
POC 7271.47 · Prev H/L 7398 / 7148 · 52w H/L 9117 / 4484 · ATR 194.49 · ADX 19.9 · rv 0.27

AAL — close 4021.00
Cam: S4 3909.90 · S3 3965.45 · S1 4002.48 || R1 4039.52 · R3 4076.55 · R4 4132.10
Classic: S3 3685.33 · S2 3753.67 · S1 3887.33 · Pivot 3955.67 · R1 4089.33 · R2 4157.67 · R3 4291.33
EMAs: 9 3927.59 · 20 3862.11 · 50 3785.22 · 200 3461.80
POC 3797.90 · Prev H/L 4024 / 3822 · 52w H/L 4239 / 2127 · ATR 139.41 · ADX 19.7 · rv 0.22

GLEN — close 578.85
Cam: S4 563.12 · S3 570.99 · S1 576.23 || R1 581.47 · R3 586.72 · R4 594.58
Classic: S3 531.40 · S2 541.15 · S1 560.00 · Pivot 569.75 · R1 588.60 · R2 598.35 · R3 617.20
EMAs: 9 560.64 · 20 552.50 · 50 546.22 · 200 500.70
POC 547.23 · Prev H/L 579.50 / 550.90 · 52w H/L 621.50 / 281.93 · ATR 17.37 · ADX 18.5 · rv 0.66

SHEL — close 3416.84
Cam: S4 3397.59 · S3 3407.22 · S1 3413.63 || R1 3420.05 · R3 3426.47 · R4 3436.09
Classic: S3 3361.39 · S2 3375.95 · S1 3396.39 · Pivot 3410.95 · R1 3431.39 · R2 3445.95 · R3 3466.39
EMAs: 9 3347.25 · 20 3306.02 · 50 3233.71 · 200 3073.40
POC 3149.28 · Prev H/L 3425.50 / 3390.50 · 52w H/L 3591.50 / 2553.77 · ATR 63.39 · ADX 34.4 · rv 0.62

BAE — close 2160.00
Cam: S4 2115.45 · S3 2137.73 · S1 2152.58 || R1 2167.43 · R3 2182.28 · R4 2204.55
Classic: S3 2051.00 · S2 2104.00 · S1 2132.00 · Pivot 2185.00 · R1 2213.00 · R2 2266.00 · R3 2294.00
EMAs: 9 2205.40 · 20 2145.79 · 50 2052.87 · 200 1971.40
POC 1964.22 · Prev H/L 2238 / 2157 · 52w H/L 2360 / 1588 · ATR 53.05 · ADX 37.0 · rv 0.30



BEARISH WARNINGS

Fresh breakdowns first (triggered 19 Aug)

1. SSE — TRIPLE BREAKDOWN. Crossed below EMA20 (2400., below EMA50 (2412. and below POC (2390. in one -1.73% session, RSI -6.6. ADX 9.9 means there is no trend to lean on. Only EMA200 at 2342.6 is underneath — that is the last line of defence. Lose it and the structure is fully bearish.
2. NG — lost EMA20 (1200.3), RSI -9.1, -2.52%. Below all three EMAs, below POC 1214.7. Utilities are being sold on the CPI print and firmer gilt yields — a macro trade, and the macro is not turning before Friday.
3. LLOY — lost EMA50 (111.1), 5-day down streak, RSI -14 on the week. Below 20/50 with only EMA200 (100. below. Worst-behaving bank in a sector where every name fell.
4. STAN — lost EMA20 (2187.9), RSI -6.3, 2-day down streak, RSI -10.2 on the week. Still above EMA50/200, but EMA50 at 2115 is the next test.
5. BARC — lost POC (500.16), 3-day down streak, RSI -12.1 on the week. Below EMA20/EMA50. The POC loss is the tell.
6. PRU — lost POC (1027.9). Below all three EMAs, which are stacked overhead at 1044 / 1051 / 1053, all within 1% of price. RSI 43.4 with nothing supportive underneath.

Deteriorating momentum — no EMA break yet, but the internals cracked

7. BAE — MACD bearish crossover, RSI -10.3 on the day and -15.1 on the week, 3-day down streak, closed on its lows. Still BULLISH above all EMAs, but EMA9 (2205.4) is now ABOVE price, which is the first crack. Watch EMA20 at 2145.79 — a close below it turns this from a pullback into a breakdown.
8. AV — RSI -12.3, the largest drop in the universe, straight off the 52-week high. Wednesday's high (740.6) IS the 52-week high and it closed -2.39% at 719.4. Textbook failed breakout. Needs to hold 705 (EMA9 717.8, cam S4 705..
9. RR. — MACD bearish crossover, RSI -3.5, 2-day down streak. Above all EMAs still, but momentum has rolled over.

Already broken — avoid the falling knife

10. RTO — RSI 26.4 OVERSOLD, below all three EMAs, 5-day down streak, 31.8% below its 52-week high, below POC 405.2. The worst structural trend in the index. Oversold is not a buy signal in a downtrend this developed — EMA9 (354.5) is above price and the stack (373 / 405 / 431) is a wall.
11. IMB — at 52-week lows (2535 vs 2533), RSI 32.0, below everything. See the short setup above.
12. BATS — RSI 33.2, below all EMAs, below POC 4501, 18.3% off the high. Tobacco is the weakest sector on the board.
13. TSCO — RSI 35.2, below all three EMAs, below POC 461.9. Quietly the weakest defensive; +0.20% on the day is noise inside a downtrend.
14. LSEG — below all three EMAs, below POC 8687.9, ADX 10.8. Directionless and drifting lower. Nothing to trade until it reclaims EMA20 at 8663.



EVENTS CALENDAR

Thursday 20 August (today)
Light UK data diary. US initial jobless claims is the main international print.
August ex-dividend dates fall on Thursdays this month. LGEN, BT.A and NWG are among the FTSE 100 names going ex-div during August — check your specific holdings against the ex-div calendar before assuming a gap is directional.

Friday 21 August — the week's key UK event risk
UK July retail sales. Context: retail sales volumes rose 0.6% in the three months to June versus the prior three months, and +2.8% year on year.
Flash S&P Global UK PMIs (manufacturing, services, composite). Services PMI recovered to 52.1 in July from 48.8 in June. A second consecutive expansionary print would firm up the no-early-BoE-cut trade and keep the pressure on banks and utilities.
Both land pre-open or mid-morning. If you are holding rate-sensitive names into Friday, size accordingly.

This week (17-21 August)
FOMC minutes fall in the window — watch the read-across to gilt yields.
UK July CPI already printed at 2.9%, up from 2.6%, released 19 August. This is the dominant driver of the bank and utility weakness above and it is not going away before Friday's data.

Thursday 27 August
GLEN ex-dividend, alongside AUTO, CRDA, GAW and ALW. Relevant to the GLEN swing long above.

Ongoing and unscheduled
The war in Iran is the live wire under Brent at 91.86 USD, up 37% year on year. Any escalation or de-escalation headline is a same-day repricing event for SHEL and BP, and via the risk-premium channel for the whole miners complex. This is the single biggest unscheduled risk to every long above.



VERIFICATION LOG

Scanner entries examined for 2026-08-19: four. Two ftse_scanner entries at 20:11:01 UTC verified 20/20 FTSE constituents each and were merged into a 40-name universe. One ftse_scanner entry at 21:32:00 was 0/20 FTSE — it carried BKNG, PANW, MU, LRCX, KLAC, ADI, REGN and SNPS — and was discarded under the crossed-feed rule, as was the dow_scanner entry.
Pence-scale guard applied to CPG, which was quoted at 31.43 in pounds. All its price fields were multiplied by 100 to give 3143.0. No other constituent tripped the test — VOD at 119.50 and LLOY at 110.63 are correctly above 100 in pence and were left alone.
EMA classification re-checked programmatically for all 40 names: zero mismatches. Every trend label is a strict numeric comparison of close against EMA20, EMA50 and EMA200 with no rounding tolerance.
The futures figure was sourced and cross-checked against the cash close and the news tone before direction was written. The 261-point discount was identified as a contract-roll and dividend effect, not a directional gap.



Not financial advice. Always DYOR. Capital at risk.