Trends and Targets for 3/12/2018

France, the CAC40 The French initiative of raising fuel prices to get more cars off the road seemed to work. Paris looked quite entrancing, burning cars and red smoke giving the city an unusually poisonous festive glow, only lacking the occasional guillotine silhouette to complete the picture. One can only hope the UK Govt are considering the disparity between petrol and diesel prices and asking questions. (clue; nope)

Unlike fans of their government, the French stock market is now experiencing some hesitant behaviour with the potential of some relaxation rearing its head.

 

At present, the index is trading around 5020 points, needing below 4890 to signal coming trouble. In such an event, we’re looking at relaxation potentials to an initial 4730 points. Secondary, when broken, calculates at 4425 points. The problem with the secondary is fairly obvious. By moving below the uptrend since 2011, the French index enters a region with a logical bottom around 3870 points, visually matching the lows of 2016.

Obviously, with such a massive haul of points potentially available, where does any stop loss need be, if playing ‘La Grande Image?’

We would hope the market needs above 5166 points to cancel the drop potential but realistically, we’d prefer wider at 5205 points.

Movement above 5205 is supposed to enter a miracle recovery cycle to an initial 5362 points. If bettered, secondary is at 5430.

 

Visually, similar to the Paris skyline, we are not hopeful for the future…

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

10:04:00PM

BRENT

59.17

57.71

56.785

55.57

60

60.43

61.075

62.1

58.86

10:06:08PM

GOLD

1222.55

10:08:06PM

FTSE

7014.27

Success

10:09:57PM

FRANCE

5023.7

‘cess

10:14:00PM

GERMANY

11327

11206

11184

11105

11299

11356

11396.5

11460

11206

‘cess

10:15:59PM

US500

2761.42

‘cess

10:19:07PM

DOW

25561.6

‘cess

10:21:24PM

NASDAQ

6955.42

10:23:33PM

JAPAN

22401

30/11/2018 FTSE Closed at 6980 points. Change of -0.82%. Total value traded through LSE was: £ 9,281,193,872 a change of 48.56%
29/11/2018 FTSE Closed at 7038 points. Change of 0.49%. Total value traded through LSE was: £ 6,247,553,227 a change of -6.66%
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%

 

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