FTSE for FRIDAY 29/11/2019

#FTSE #GOLD As the US rendered homage to turkeys while the UK PM paid homage to a chicken, markets experienced a pretty muted day. However, the Dow Jones remains optimistic and closed before Thanksgiving in useful territory for the near future. Hopefully the rally potentials continue.

For the DOW, now above 28,175 calculates with the potential of an initial 28,315 points. If exceeded, our secondary calculation comes out with 28,430 points. But realistically, this need not be the end of the story thanks to 29,125 points now lazing around in the clouds and claiming it’s a longer term attraction.

All kidding aside, in the event 29,125 ever makes an appearance, there’s a pretty good argument favouring a short position as we’d not be shocked to witness a 1,000 point tumble, once sufficient excuse had been invented to panic the markets. While we’re being cynical, somehow or other this sort of thing actually does happen.

As for the FTSE for FRIDAY, despite the index experiencing a lacklustre Thursday (we suspect, due to the US being closed), the FTSE certainly looks capable of some continued growth. We’ve a couple of small alarm bells ringing thanks to the market showing considerable hesitation exceeding 7,450 points but at present, the near term numbers come out as; Movement above 7,420 calculates with an initial useless ambition of 7,436 points. If exceeded, our secondary is at 7,466.

This scenario shall better the 7,450 level and create a new high (since August) on a Friday, generally not the most suitable day for exuberant behaviour.

If trouble is planned, reversal below 7,385 looks capable of an initial 7,350 points. If broken on any initial surge downward, our longer term secondary is at 7,323 points and hopefully a rebound.

Have a good weekend. It’s the final F1 of the season, probably a boring race as everything is already decided!

Hey, 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

10:49:32PM

BRENT

63.32

62.52

62.35

   

63.37

63.55

   

10:51:33PM

GOLD

1456.3

1452

1444.5

   

1459

1461

   

10:57:17PM

FTSE

7412.31

7383

7371

   

7420

7432

   

Success

10:59:08PM

FRANCE

5915.7

5898

5887

   

5919

5925

   

Success

11:00:54PM

GERMANY

13255.36

13213

13201

   

13268

13282.5

   

11:02:37PM

US500

3151.32

3141

3137

   

3152

3154.5

   

11:04:33PM

DOW

28118.7

28067

28020

   

28142

28174

   

11:13:18PM

NASDAQ

8442.87

8409

8397

   

8444

8455.5

   

11:14:54PM

JAPAN

23468

23375

23317.5

   

23485

23525

   

 

28/11/2019 FTSE Closed at 7416 points. Change of -0.17%. Total value traded through LSE was: £ 3,608,679,537 a change of -31.8%

27/11/2019 FTSE Closed at 7429 points. Change of 0.35%. Total value traded through LSE was: £ 5,291,535,835 a change of -43.03%

26/11/2019 FTSE Closed at 7403 points. Change of 0.09%. Total value traded through LSE was: £ 9,287,781,943 a change of 67.52%

25/11/2019 FTSE Closed at 7396 points. Change of 0.96%. Total value traded through LSE was: £ 5,544,320,565 a change of 6.78%

22/11/2019 FTSE Closed at 7326 points. Change of 1.22%. Total value traded through LSE was: £ 5,192,412,665 a change of -5.45%

21/11/2019 FTSE Closed at 7238 points. Change of -0.33%. Total value traded through LSE was: £ 5,491,994,018 a change of -12.81%

20/11/2019 FTSE Closed at 7262 points. Change of -0.83%. Total value traded through LSE was: £ 6,298,819,044 a change of 17.12%

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