FTSE for 26/07/2019

#FTSE #DOW Probably the only thing more boring than reading an analysis about the markets in this weather, is writing one. There’s something about Scotland which removes ones tolerance to heat as anything above 20 tends be regarded as “too hot”. As for the FTSE, it looks ready to wilt a bit more.

The market closed Thursday at 7500 points, its lunge downward to 7460 a few hours earlier proving pretty much exactly as expected from our lunchtime report. If any miracle bounce is to be judged as genuine, the index needs better 7533 points as this should apparently trigger some further movement to a modest 7547 points. If bettered, secondary is at 7582 points. If triggered, the tightest stop looks like 7493 points.

We’re not convinced as to the recovery potentials, instead suspecting below 7460 shall prove capable of reversal to an initial 7400 points. If broken, secondary calculates at 7361 points. The tightest stop looks like it’s around 7507 points.

That’s it. Have a good weekend!

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:53:22PM

BRENT

63.01

               

9:55:11PM

GOLD

1414.53

               

‘cess

9:58:47PM

FTSE

7473

               

Shambles

10:00:40PM

FRANCE

5566.7

               

Success

10:03:11PM

GERMANY

12352

12296

12219

12091

12427

12445

12459.5

12514

12338

Suc’ambles

10:05:09PM

US500

3005

               

‘cess

10:10:15PM

DOW

27112.5

27048

26982

26852

27225

27365

27488

27631

27185

Success

10:12:47PM

NASDAQ

7968.62

               

Shambles

10:14:35PM

JAPAN

21610

               

‘cess

25/07/2019 FTSE Closed at 7489 points. Change of -0.16%. Total value traded through LSE was: £ 6,916,977,228 a change of 8.26%

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