Trends and Targets for 17/12/2018

Germany, the #DAX Big Picture #BRENT Last reviewed over a month ago (link here), the German index continues to explore the dark side. It’s almost as if the weight of Europe is going to be on the countries shoulders alone for some reason…

We’ve a couple of slight changes to our grotty prediction. At present, two quite distinct arguments calculate with it achieving a bottom at 10,314 points. However, if broken slightly, the decay could continue further downhill toward 9,944 points before a meaningful bounce can be expected. To escape this  doom, the market requires better BLUE on the chart, presently at 11,700 points.

One curiosity of note is circled. The uptrend since 2011 – a very tenuous trend – saw the index being gapped below at the open earlier this month, generally a pretty confident sign the market wants a price down. Equally, if the market were to regain this trend, it’d be a pretty firm clue “someone” has changed their mind. As a result, recovery even bettering 11,105 at present will give a slight hint of a big drop no longer being certain.

Plainly put, with the DAX presently trading around 10,860, this gives a relatively tight stop position if feeling insane and able to chase the potential of further 500 point drops! With the current politically charged European climate, markets and logic appear to be on different planets.

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

1:15:53PM

BRENT

60.37

59.91

59.26

58.32

60.88

62.08

62.435

63.27

60.8

1:17:34PM

GOLD

1239.02

Success

1:23:08PM

FTSE

6794.02

Success

1:25:13PM

FRANCE

4830.2

Success

1:27:17PM

GERMANY

10813

10770

10726

10639

10870

10893

10933

10962

10823

Success

1:53:04PM

US500

2597.27

Success

1:55:56PM

DOW

24060

Success

2:00:40PM

NASDAQ

6585

Success

2:02:41PM

JAPAN

21260

Success

14/12/2018 FTSE Closed at 6845 points. Change of -0.47%. Total value traded through LSE was: £ 5,743,743,657 a change of -6.27%
13/12/2018 FTSE Closed at 6877 points. Change of -0.04%. Total value traded through LSE was: £ 6,127,869,664 a change of -22.92%
12/12/2018 FTSE Closed at 6880 points. Change of 1.09%. Total value traded through LSE was: £ 7,949,668,067 a change of 8.64%
11/12/2018 FTSE Closed at 6806 points. Change of 1.26%. Total value traded through LSE was: £ 7,317,378,636 a change of -1.09%
10/12/2018 FTSE Closed at 6721 points. Change of -0.84%. Total value traded through LSE was: £ 7,398,221,418 a change of 1.03%
7/12/2018 FTSE Closed at 6778 points. Change of -2.07%. Total value traded through LSE was: £ 7,323,127,201 a change of 5.12%
5/12/2018 FTSE Closed at 6921 points. Change of -1.44%. Total value traded through LSE was: £ 6,966,600,933 a change of -11.83%

 

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