Driving a convertible means you get to test your reaction time, sometimes quite unexpectedly. For instance, on Thursday while returning from a dog walk, a massive rain cloud was visible, making its way up the valley in my direction. Immediately negotiating a hard right turn, I pulled up at Pump3 under the sheltering petrol station canopy. While in the shop buying milk, the heavens opened outside and once the staff member and I finished gossiping, the rain had moved eastward to ruin someone else’s day. While it only takes 30 seconds for the hard top to reassemble itself, this function is unavailable while under motion and the idea of pressing the magic button to assemble the roof, knowing the torrential rain would finish in 5 minutes, seemed a little daft. In addition, there was the utter certainty someone I know would drive by and spot my inability to prepare for foul weather. None of us like giving friends ammunition!
Similar to the journey in the car, the FTSE is “ducking and diving”, the deluge of local political and world excuses giving the UK index sufficient reason to behave in a quite paranoid manner. At time of writing, FTSE futures are around 60 points below the level the market closed Thursday at, doubtless President Trump being blamed for reading the wrong fortune cookie in Beijing. Or perhaps it’s just the agony of the UK PM hanging on to his place at the trough for yet another day.
Regardless of the reasoning, it feels like the FTSE has spotted an approaching rain cloud and is taking evasive action. It’s almost like the UK market has come to a similar conclusion to ourselves, our thoughts finding it difficult to believe the S&P can move higher without a period of volatility first. Should this be the case, the fallout shall doubtless spread to the FTSE.
At present, above 10,376 points has the potential of triggering gains to an initial 10,420 points. If exceeded, our secondary calculates at a future 10,462 points. If triggered, the tightest stop is extremely generous at just 10,356 points!
Our converse scenario, if the FTSE intends wander over a cliff, suggests below 10,295 could create the trigger level for reversal to an initial 10,181. If broken, our secondary works out at 10,014 points and a very possible bounce level. Unfortunately, the FTSE is visually trading in a region where reversals do look extremely possible.
Have a good weekend, only another week until the next Grand Prix commences. What could go wrong in the world?
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:37:46PM | BRENT | 10389 | 10118 | 10078 | 9904 | 10346 | 10440 | 10524 | 10660 | 10292 | |
| 9:41:30PM | GOLD | 4647.88 | 4647 | 4634 | 4603 | 4672 | 4720 | 4735 | 4765 | 4667 | ‘cess |
| 10:21:51PM | FTSE | 10357.4 | 10317 | 10296 | 10260 | 10380 | 10406 | 10498 | 10614 | 10357 | ‘cess |
| 10:24:38PM | STOX50 | 5901.6 | 5878 | 5853 | 5824 | 5921 | 5940 | 5958 | 5980 | 5909 | ‘cess |
| 10:30:06PM | GERMANY | 24324 | 24301 | 24236 | 24148 | 24394 | 24500 | 24521 | 24718 | 24358 | Success |
| 10:59:44PM | US500 | 7500.1 | 7448 | 7439 | 7386 | 7468 | 7518 | Clueless | r us | Success | |
| 11:01:54PM | DOW | 50068.5 | 49896 | 49741 | 49588 | 50076 | 50203 | 50395 | 50760 | 50026 | Success |
| 11:04:20PM | NASDAQ | 29601 | 29340 | 29239 | 29096 | 29484 | 29670 | 29705 | 29826 | 29527 | |
| 11:08:13PM | JAPAN | 63012 | 62493 | 62201 | 61668 | 62814 | 63068 | 63274 | 63533 | 62905 | Shambles |
12/05/2026 FTSE Closed at 10265 points. Change of -0.04%. Total value traded through LSE was: £ 8,032,772,326 a change of 0.78%
11/05/2026 FTSE Closed at 10269 points. Change of 0.35%. Total value traded through LSE was: £ 7,970,638,665 a change of 34.53%
8/05/2026 FTSE Closed at 10233 points. Change of -0.42%. Total value traded through LSE was: £ 5,924,881,359 a change of -35.21%
7/05/2026 FTSE Closed at 10276 points. Change of -1.55%. Total value traded through LSE was: £ 9,144,654,793 a change of 3.71%
6/05/2026 FTSE Closed at 10438 points. Change of -100%. Total value traded through LSE was: £ 8,817,587,393 a change of 0%
5/05/2026 FTSE Closed at 10219 points. Change of 0%. Total value traded through LSE was: £ 10,667,648,398 a change of 0% 
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:AAL Anglo American** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:OXIG Oxford Instruments** **
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Updated charts published on : Anglo American, MAN, Glencore Xstra, Oxford Instruments,
LSE:AAL Anglo American. Close Mid-Price: 4063 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against AAL with a mid-price ABOVE 4100 should improve t ……..
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View Previous Anglo American & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 285.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of MAN enjoying further trades beyond 285.6, the share shoul ……..
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View Previous MAN & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 595.9 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Glencore Xstra ABOVE 597.9 should improve accele ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 3100 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued trades against OXIG with a mid-price ABOVE 3100 sho ……..
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View Previous Oxford Instruments & Big Picture ***