#Gold #FTSE In terms of ethics, we’ve some difficulty differentiating between Bank of England behaviour and that of Mandelson, The Prince of Darkness, credited with inventing the current UK Labour Party and being the puppet master behind politicians such as Tony Blair and the current Prime Minister, K Starmer. While Mandelson emails indicate he was communicating Government intentions to his chum, Epstein, was the Bank of England any less guilty in telegraphing their interest rate machinations to the market place.
We’ve joked – before the event – of the BoE encouraging market gains on Wednesday, perfectly aware their forthcoming announcement of “doing nothing with rates” on Thursday would provoke reversals, undoing all the gains from the preceding day.
Wednesday saw the FTSE open at 10,314 points and close at 10,402 points.
Thursday saw the FTSE open at 10,402 points and close at 10,309 points.
From our own perspective, it felt like the BoE had manipulated the marketplace into doing its bidding, giving a gain before expected reversals on the “surprise” news UK interest rates were to remain untouched, continuing the central banks campaign of doing nothing for the economy. The level of “bad taste” generated every six weeks, when interest rate announcements invariably illuminate a central bank which is in business to benefit the central bank, rather than actually do anything for the UK economy, continues to cause frustration. At least the US President is now replacing folk at their Federal Reserve, due to his frustration at their treatment of the wider economy!
This matter is one of our favourite gripes and now, the inactivity of the Bank of England risks provoking quite serious reversals for the FTSE. Sorry about all the numbers which follow but the BoE has pushed over a domino, revealing an unpleasant tier of trouble ahead. Currently, below 10,288 points risks bringing reversals to an initial 10,201 points with our secondary, if broken, at 10,102 points and a level which suggests a potential bounce. However, quite importantly, should 10,100 break, a cycle to 9,820 risks introducing itself, perhaps even an eventual bottom at 9.601 points. Visually, this would look like the BoE was deliberately trying to undo the market gains since the interest rate reductions which punctuated the end of 2025…
Of course, there is the unlikely chance the market shall decide to ignore BoE manipulation, movement above 10,378 risking triggering gains to an initial 10.406 with our secondary, if beaten, at 10,466 points and some hesitation.
Have a good weekend. Only a month to go before the Australian Grand Prix anarchy.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:03:37PM | BRENT | 6718.2 | 6679 | 6559 | 6425 | 6795 | 6878 | 6959 | 7052 | 6754 | |
| 10:09:50PM | GOLD | 4776.7 | 4761 | 4671 | 4531 | 4906 | 4941 | 5002 | 5083 | 4816 | ‘cess |
| 10:35:57PM | FTSE | 10245.9 | 10237 | 10201 | 10107 | 10307 | 10332 | 10373 | 10418 | 10238 | ‘cess |
| 11:32:20PM | STOX50 | 5894.3 | 5887 | 5863 | 5828 | 5936 | 5947 | 5966 | 5993 | 5907 | ‘cess |
| 11:34:27PM | GERMANY | 24389.1 | 5886 | 5856 | 5827 | 5926 | 5946 | 5964 | 5991 | 5908 | |
| 11:42:36PM | US500 | 6760.2 | 6753 | 6730 | 6636 | 6830 | 6858 | 6874 | 6915 | 6796 | Success |
| 11:45:43PM | DOW | 48729.5 | 48722 | 48506 | 48124 | 48930 | 49261 | 49360 | 49571 | 48947 | |
| 11:49:57PM | NASDAQ | 24244.9 | 24226 | 23880 | 23102 | 24618 | 24778 | 24998 | 25258 | 24423 | ‘cess |
| 11:52:54PM | JAPAN | 53301 | 53290 | 52750 | 51975 | 53639 | 54036 | 54241 | 54557 | 53804 | Success |
5/02/2026 FTSE Closed at 10309 points. Change of -0.89%. Total value traded through LSE was: £ 9,288,693,358 a change of 0.23%
4/02/2026 FTSE Closed at 10402 points. Change of 0.85%. Total value traded through LSE was: £ 9,267,141,152 a change of 9.85%
3/02/2026 FTSE Closed at 10314 points. Change of -0.26%. Total value traded through LSE was: £ 8,436,122,979 a change of -7.8%
2/02/2026 FTSE Closed at 10341 points. Change of 1.15%. Total value traded through LSE was: £ 9,149,750,720 a change of 23.3%
30/01/2026 FTSE Closed at 10223 points. Change of 0.51%. Total value traded through LSE was: £ 7,420,952,174 a change of -6.19%
29/01/2026 FTSE Closed at 10171 points. Change of 0.17%. Total value traded through LSE was: £ 7,910,853,503 a change of 7.47%
28/01/2026 FTSE Closed at 10154 points. Change of -0.52%. Total value traded through LSE was: £ 7,361,268,388 a change of 11.9% 
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:BT.A British Telecom** **LSE:ITM ITM Power** **LSE:TRN The Trainline** **LSE:ZOO Zoo Digital** **
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Updated charts published on : British Telecom, ITM Power, The Trainline, Zoo Digital,
LSE:BT.A British Telecom. Close Mid-Price: 206.5 Percentage Change: + 0.73% Day High: 213.1 Day Low: 202
Further movement against British Telecom ABOVE 213.1 should improve accel ……..
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View Previous British Telecom & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 59.4 Percentage Change: -4.35% Day High: 62.9 Day Low: 59.5
Continued weakness against ITM taking the price below 59.5 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 200.2 Percentage Change: -1.96% Day High: 204.2 Day Low: 198.4
In the event The Trainline experiences weakness below 198.4 it calculates ……..
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View Previous The Trainline & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 15.38 Percentage Change: -3.15% Day High: 16.75 Day Low: 15.25
If Zoo Digital experiences continued weakness below 15.25, it will invari ……..
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View Previous Zoo Digital & Big Picture ***