#FTSE #GOLD August certainly isn’t going as expected. Our conventionally belief “the B Team” are running the markets during the holiday month certainly isn’t looking very concise this year and final confirmation shall come if the FTSE closes above 8400 points and the immediate downtrend. Volumes in London are certainly as low as expected at roughly 2/3rds of that experienced during June/July but regardless of this detail, dribbles of positive news are serving to push the FTSE upward.
One interesting facet about very recent index value movements in Europe and the USA is a fairly strong suggestion we should anticipate some upward movement of some strength. While this shall doubtless be due to relaxation of interest rates, our inclination to to expect such a miracle in September rather than for central banks to unleash such an occasion before “the A Team” come back from Butlins and resume control of the markets. However, with encouraging retail figures from the UK & the USA, along with North America deciding (for some reason) movement into a recession is receding.
For the FTSE, we’re inclined to view movement below 8300 points as holding some danger, perhaps capable of kicking off reversals to an initial 8246 points with our secondary, if broken, calculating at 8203 points and the hope of a bottom. While such a level of movement isn’t particularly tragic, we’ve a suspicion some effort shall be made for the UK market to avoid troubling the Blue downtrend on the chart – for the time being. If triggered, the tightest stop loss level looks like 8355 points.
Alternately, if things intend move positively for the FTSE, above 8368 points looks capable of triggering gains to an initial 8428 points, along with a chance of the index actually closing above Blue at 8400 points. Our secondary, should 8428 be exceeded, works out at an astounding 8645 points. For this reason alone, we strongly expect 8428 to provoke some reversals, if achieved.
Have a good weekend, only another weekend until the next Grand Prix.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:07:32PM | BRENT | 8065.1 | 7937 | 7834 | 7985 | 8120 | 8194 | 8051 | |||
| 11:02:18PM | GOLD | 2456.02 | 2432 | 2423 | 2460 | 2481 | 2497 | 2456 | ‘cess | ||
| 11:05:25PM | FTSE | 8343 | 8328 | 8319 | 8356 | 8358 | 8373 | 8329 | |||
| 11:10:25PM | STOX50 | 4815.5 | 4795 | 4787 | 4815 | 4823 | 4844 | 4799 | ‘cess | ||
| 11:13:53PM | GERMANY | 18199.2 | 18117 | 18108 | 18160 | 18216 | 18574 | 18144 | ‘cess | ||
| 11:18:39PM | US500 | 5546.1 | 5503 | 5492 | 5521 | 5548 | 5624 | 5527 | ‘cess | ||
| 11:25:51PM | DOW | 40591.5 | 40295 | 40246 | 40459 | 40609 | 40725 | 40464 | ‘cess | ||
| 11:30:22PM | NASDAQ | 19489.4 | 19306 | 19264 | 19456 | 19504 | 19692 | 19307 | ‘cess | ||
| 11:36:55PM | JAPAN | 37719 | 37391 | 37344 | 37617 | 37762 | 38368 | 37581 | Success |
15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%
14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%
13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%
12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%
9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%
8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%
7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:STAR Star Energy** **LSE:VOD Vodafone** **
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Updated charts published on : Astrazeneca, Barrett Devs, British Telecom, Gulf Keystone, IG Group, International Personal Finance, Sainsbury, Spirax, Star Energy, Vodafone,
LSE:AZN Astrazeneca. Close Mid-Price: 13166 Percentage Change: + 2.05% Day High: 13218 Day Low: 12966
Target met. In the event of Astrazeneca enjoying further trades beyond 13 ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 541.4 Percentage Change: -1.42% Day High: 549.8 Day Low: 542.8
Continued trades against BDEV with a mid-price ABOVE 549.8 should improve ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 145.75 Percentage Change: -0.61% Day High: 147 Day Low: 145
Target met. Further movement against British Telecom ABOVE 147 should imp ……..
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View Previous British Telecom & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 0 Percentage Change: + 1.68% Day High: 128.4 Day Low: 125.8
Gulf Keystone needs mid-price trades ABOVE 129.5 to improve acceleration t ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 965 Percentage Change: + 0.99% Day High: 969 Day Low: 953.5
Continued trades against IGG with a mid-price ABOVE 969 should improve th ……..
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View Previous IG Group & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 158 Percentage Change: + 0.96% Day High: 159 Day Low: 156
Further movement against International Personal Finance ABOVE 159 should ……..
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View Previous International Personal Finance & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 281.2 Percentage Change: + 0.79% Day High: 282.4 Day Low: 279.2
All Sainsbury needs are mid-price trades ABOVE 282.4 to improve accelerat ……..
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View Previous Sainsbury & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 7580 Percentage Change: + 0.20% Day High: 7660 Day Low: 7435
Target met. Continued weakness against SPX taking the price below 7435 ca ……..
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View Previous Spirax & Big Picture ***
LSE:STAR Star Energy. Close Mid-Price: 8.79 Percentage Change: + 7.20% Day High: 8.98 Day Low: 8.6
Target met. Continued trades against STAR with a mid-price ABOVE 9p shoul ……..
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View Previous Star Energy & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 74.5 Percentage Change: -0.05% Day High: 75.74 Day Low: 74.38
Target met. Further movement against Vodafone ABOVE 75.74 should improve ……..
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View Previous Vodafone & Big Picture ***