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#SP500 #Orosur It’s hard not to glance at the image on Orosur’s website (this was requested by emails today) and imagine the taste of superior coffee from Colombia. Alas, their field is Gold, doubtless enjoying the flavour of enhanced Gold Prices in the last few months. Those who watch ‘Gold Rush’ on telly will already be bored with the mantra, “Fuel Prices Low, Gold Prices High, get digging!”, and doubtless can safely anticipate a successful year for the extraction industry.
However, this is a member of the AIM market and it’s probably worth remembering our previous thoughts on the AIM gave 1192 points as an initial target. This level was achieved in the last 5 sessions and the index is certainly showing signs of hesitation, rather than powering on toward our secondary 1233. The particular stutter is a VERY slight worry, suggesting coming weakness below 1175 shall attempt an initial 1160 points with secondary, if broken, at 1139 points.
The larger problem comes if 1139 breaks as the effects are liable to ripple through AIM constituents, stifling many potential gains until such time the market gets itself in order again. We’d certainly been curious how long the junior UK market would continue to humiliate the FTSE 100 with six months of very successful performance. The AIM, presently at 1176 points, would be at just 850 points if it were following the (pathetic) FTSE example!
Orosur Mining is certainly looking fairly optimistic currently and we wonder if speculation is rife, an expectation of some coming positive news. The immediate situation suggests strength above 30p should make an attempt at 38p, matching the closing price highs from October last year. The important thing comes, if the share finds an excuse to close a session above 38p as we can calculate the Blue downtrend since 2011 is liable to find itself in jeopardy, due to our secondary working out at 48p.
This level of secondary is liable to prove game changing for the longer term, ticking the first box in a chain of events and creating a scenario with 93p allegedly possible sometime in the future.
For now, Orosur looks positive, the price requiring to drift below 20p to give a hint of panic as 12p represents the ‘ultimate bottom’, a point we cannot calculate below.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:48:38PM | BRENT | 55.33 | Shambles | ||||||||
| 10:50:42PM | GOLD | 1844.53 | Success | ||||||||
| 10:57:38PM | FTSE | 6508.84 | Success | ||||||||
| 11:09:43PM | FRANCE | 5413 | Success | ||||||||
| 11:12:28PM | GERMANY | 13459 | Success | ||||||||
| 11:15:10PM | US500 | 3726.22 | 3712 | 3653 | 3581 | 3765 | 3823 | 3866.5 | 3918 | 3767 | Success |
| 11:19:02PM | DOW | 30177 | Success | ||||||||
| 11:21:47PM | NASDAQ | 12990 | Success | ||||||||
| 11:24:32PM | JAPAN | 28119 | Success |
27/01/2021 FTSE Closed at 6567 points. Change of -1.31%. Total value traded through LSE was: £ 7,950,046,552 a change of 35.23%
26/01/2021 FTSE Closed at 6654 points. Change of 0.24%. Total value traded through LSE was: £ 5,878,949,067 a change of -1.5%
25/01/2021 FTSE Closed at 6638 points. Change of -0.85%. Total value traded through LSE was: £ 5,968,206,921 a change of 9.52%
22/01/2021 FTSE Closed at 6695 points. Change of -0.3%. Total value traded through LSE was: £ 5,449,476,112 a change of 6.46%
21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%
20/01/2021 FTSE Closed at 6740 points. Change of 0.42%. Total value traded through LSE was: £ 5,510,172,095 a change of 11.11%
19/01/2021 FTSE Closed at 6712 points. Change of -0.12%. Total value traded through LSE was: £ 4,959,269,895 a change of 38.63%