Trends and Targets for 29/11/2018

#Fevertree #US500 #GOLD This lot are exceedingly popular with the CFD community and thankfully the short scenario presented last month has worked out with a fair degree of accuracy. But we’re picky and it did break below our drop target by 11p during trading. For this reason, we can express further concerns for the future.

The immediate situation is not encouraging.

 

Apparently any bounce continuing beyond 2380 should attain 2584p. While a 2 quid rise potential is slightly useful, in no way does it return the share to the land of hope. Only if above 2584 dare we hope for a miracle rise continuing to 2899, safely above the historical uptrend.

To be blunt, this sort of thing happens only rarely and we still wonder above the circled spike below the trend on October 11th. If this indeed proves to be an early warning signal of a loss of confidence, the situation now risks travel below 2215 leading the price downhill to an initial 1854p.

Visually, common sense almost demands some sort of bounce at such a point. But should 1854p break, secondary calculates now at a bottom of 1142p.

For now, we strongly suspect 1854p shall prove the markets intent.

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

11:02:00PM

BRENT

58.93

11:03:34PM

GOLD

1221.03

1211

1209

1205.75

1221

1227

1232

1239

1218

Success

11:05:13PM

FTSE

7058.2

11:07:09PM

FRANCE

5035.3

11:09:15PM

GERMANY

11387

11:12:02PM

US500

2738.67

2680

2653.5

2623

2698

2745

2751.75

2770

2711

Success

11:15:18PM

DOW

25315

Success

11:17:08PM

NASDAQ

6901.8

Success

11:19:16PM

JAPAN

22389

Success

 

28/11/2018 FTSE Closed at 7004 points. Change of -0.17%. Total value traded through LSE was: £ 6,693,191,726 a change of 0.55%
27/11/2018 FTSE Closed at 7016 points. Change of -0.28%. Total value traded through LSE was: £ 6,656,422,147 a change of 7.11%
26/11/2018 FTSE Closed at 7036 points. Change of 1.21%. Total value traded through LSE was: £ 6,214,567,261 a change of 9.15%
23/11/2018 FTSE Closed at 6952 points. Change of -0.11%. Total value traded through LSE was: £ 5,693,802,870 a change of 14.9%
22/11/2018 FTSE Closed at 6960 points. Change of -1.28%. Total value traded through LSE was: £ 4,955,552,267 a change of -31%
21/11/2018 FTSE Closed at 7050 points. Change of 1.48%. Total value traded through LSE was: £ 7,182,086,025 a change of 1.94%
20/11/2018 FTSE Closed at 6947 points. Change of -0.76%. Total value traded through LSE was: £ 7,045,402,648 a change of 18.19%

 

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