The FTSE 100 is closed on Monday, April 6, 2026, for the Easter bank holiday. There will be no on-exchange trading for today. Normal trading hours will resume on Tuesday, April 7, 2026.
On Friday, 3 April 2026, the index closed up 71.50 points or 0.7%, at 10,436.29. The blue-chip index traded as high as 10,465.24 and as low as 10,287.90. Last week, the FTSE 100 rose 4.7%, and the FTSE 250 firmed 1.6%.
The pound gained 0.32% to £1.32529, climbing from lows of £1.3204 on April 3, 3036.
Rising crude prices feed through into inflation expectations, which lead to higher bond yields and US dollar growth, creating dangerous conditions for equities.
The new macroeconomic system is showing its effect in global prices, which experience weak rally attempts that fail to sustain their upward movement.
The stock market gains respond to temporary fluctuations in oil prices, while investors show declining interest in risk as energy costs increase.
Technically, the daily candle is showing a strong bullish bias with the price going to the 0.618 Fibonacci retracement level of 10,457. This level is crucial heading into Tuesday’s session.
The index hit a high of 10,939 at the start of March but crashed to the Fibonacci bottom of 9,677. The recovery has been robust since, regaining the 0.236, 0.382, and 0.500 Fib levels in quick succession.
Price is now trading above the 20- and 50-day Exponential Moving Average (EMA), though it remains below the longer-term EMAs, suggesting the recovery is still in its early stages and overhead supply remains a factor.
The Relative Strength Index (RSI) stands at 58.52, and it is crossing its signal line at 43.86, a bullish crossover, which has historically shown near-term strength.
The index will be aiming at the 0.786 Fibonacci level at 10,669 in case the buying pressure increases.
Bulls need to defend the 10,308 level (0.500 Fib) on any intraday dip, as losing that would signal the recovery is losing strength.
The less likely bear case would result in a rejection at 10,457-10,500 and a pullback at 10,308.
The bias of April 7, 2026, is bullish, where 10,669 is the important upside target, and 10,308 is the point at which the bulls defend the price.
Also Read: Stock Market Today: Sensex, Nifty 50 Slide; Crude Oil Prices Hit $110
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