FTSE for FRIDAY. #BRENT #DAX The return to trading has been marked by a rather flamboyant couple of days, quite a surprise for sessions which are usually quite lethargic. Overall, the position of the #FTSE stinks with a visit to our suggested 5,800’s looking increasingly certain in the weeks ahead.
Near term, Friday isn’t filling us with confidence. Weakness now below 6682 points looks very capable of driving the FTSE down to 6625 points initially. If broken, secondary calculates at 6583 points.
For any rise to make sense near term, the index requires better 6739 points, making some recovery to an initial 6767 points allegedly possible. If bettered, secondary is at 6794 points. If triggered, the tightest stop looks like 6670 points, stupidly wide for such small gains.
Our best wishes for this year. Somehow, we suspect it shall prove interesting!
FUTURES
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:08:42PM |
BRENT |
55.56 |
53.95 |
53.5 |
52.49 |
56 |
56.3 |
57.305 |
59.68 |
53.95 |
|
|
10:11:03PM |
GOLD |
1295.17 |
|||||||||
|
10:14:34PM |
FTSE |
6704 |
|||||||||
|
10:17:10PM |
FRANCE |
4616.2 |
|||||||||
|
10:19:03PM |
GERMANY |
10435 |
10395 |
10265 |
10115 |
10537 |
10560 |
10612.5 |
10685 |
10469 |
|
|
10:20:42PM |
US500 |
2451.27 |
|||||||||
|
10:22:54PM |
DOW |
22705.6 |
|||||||||
|
10:25:11PM |
NASDAQ |
6153.74 |
|||||||||
|
10:27:02PM |
JAPAN |
19441 |
It would be really useful to those of us who are struggling in the dark if you could offer us some glimpse into the future taking into account the quite extraordinary rise today against your fairly dire prediction.
The rise, while impressive, didn’t come near the immediate downtrend on the FTSE. The market needed better 6990 to escape the grotty outlook suggested.
US jobs numbers did provoke an impressive afternoon but I suspect it shall dawn on the market the jobs numbers were both seasonal and worse, optimistic estimates due to states only having two days back at work…