Signal UK100 Sell — H1 - June 4, 2026 09:50 GMT-4
On the UK100 H1 chart the market has been carving a classic descending channel since the 10402 peak on June 2. Each successive candle posted lower highs – 10390, 10370, 10355 – and lower lows, the most recent low sitting just below 10296. The bearish momentum is reinforced by expanding volume on the down‑moves (e.g., 2,979 contracts at the 10400 swing and 2,872 contracts on the 10358‑10360 pull‑back), while the brief rallies were thinly‑traded. A series of bearish engulfing bars around 10350 further eroded bullish bias. Given the broken resistance at 10370 and the failure to reclaim the 10400 level,…