Trends and Targets for 12/12/2018

National Grid #CAC40 #SP500 For some reason we’re rarely asked about this behemoth – until today. At present, it’s trading around the 826p level with the price fluctuating, broadly in tune with market nonsense this year relating to #Brexit. There are now some very real risks apparent.

Essentially, weakness below RED, 760p at present, would be viewed as a bad thing, moving the price into a region where an initial 680p looks capable of provoking a short lived bounce. The real problem, should 680p break, is any real bounce dare not be anticipated until the price reverses as far as 650p.

In common with everything else, market fragility at present almost demands we supply an “ultimate” bottom, if everything opts to fall apart. In the case of National Grid, bottom is now 487p, a point we cannot calculate below. Visually, it ties against the lows of the last market collapse – which oddly took until 2010 to inflict itself on National Grid. In the event 487p ever makes a guest appearance, it appears a welcome level to try a pretty firm Long position, one with a tight stop.

At present, the share requires better 906p to indicate it intends climb out of trouble. Ideally, we would prefer the price closes above 906p to confirm the potentials. This scenario expects recovery to an initial 968p. If exceeded, secondary calculates at 1042p and a game changing position.

For now, we rather suspect 650p shall make an appearance.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:15:18PM

BRENT

60.64

10:19:50PM

GOLD

1243.54

10:24:19PM

FTSE

6811.09

‘cess

10:26:13PM

FRANCE

4820

4768

4748.5

4713

4822

4841

4866

4912

4783

‘cess

10:28:21PM

GERMANY

10774.21

‘cess

10:30:03PM

US500

2628.82

2620

2603.5

2579

2664

2664

2680

2713

2621

‘cess

10:32:18PM

DOW

24281.7

Success

10:34:42PM

NASDAQ

6680.24

Success

10:36:14PM

JAPAN

21261

‘cess

11/12/2018 FTSE Closed at 6806 points. Change of 1.26%. Total value traded through LSE was: £ 7,317,378,636 a change of -1.09%
10/12/2018 FTSE Closed at 6721 points. Change of -0.84%. Total value traded through LSE was: £ 7,398,221,418 a change of 1.03%
7/12/2018 FTSE Closed at 6778 points. Change of -2.07%. Total value traded through LSE was: £ 7,323,127,201 a change of 5.12%
5/12/2018 FTSE Closed at 6921 points. Change of -1.44%. Total value traded through LSE was: £ 6,966,600,933 a change of -11.83%
4/12/2018 FTSE Closed at 7022 points. Change of -0.57%. Total value traded through LSE was: £ 7,901,119,671 a change of 9.83%
3/12/2018 FTSE Closed at 7062 points. Change of 1.17%. Total value traded through LSE was: £ 7,194,186,755 a change of -22.49%
30/11/2018 FTSE Closed at 6980 points. Change of -100%. Total value traded through LSE was: £ 9,281,193,872 a change of 0%