FTSE for FRIDAY & another bite at Ripple

#FTSE #DAX #FreeFutures We’ve a few clients holding Ripple and while we’d prefer use a UK “travel traffic light system”(always set at Red) we’re opting to feature it as a headline item once a week. This also begs the question, just how did the UK manage to install traffic lights in the sky to ensure aircraft behave in accordance with whatever directive is issued to confuse the travel industry?

The crypto blockchain, device, Ripple, has enjoyed a fairly placid week and is presently trading around US$1.09. The surprise comes if it manages above just $1.10 as apparently we should anticipate recovery to an initial $1.40. If bettered, our secondary is a bit more exciting at $1.87. Exceeding this secondary amibition is liable to be a really big deal, allegedly threatening a cycle to commence to $2.5 and some hesitation.

We’d now have significant concern, if the price of this crypto manages below $0.70 as we cannot calculate drop targets below such a level.

Hey, chart goes here

FTSE for FRIDAY The FTSE continues to move slower than our Golden Retriever, when she realises her time at the beach is over for the day. In our part of Scotland, brilliant weather, coupled with a lack of tourists (during the week) has ensured a daily visit to the local sands with the dog. She’s developed the habit of staying in the sea, just out of reach, when we return toward the car. This dog should have been on the UK’s Brexit negotiating team, her skill in getting her own way unparalleled.

For the FTSE, May managed a less than spectacular trading range of just 160 points. It also manages a pretty dull gain from 6969 points to close the month at 7022 points. In percentage terms, the UK 100 grew by a stonking 0.7%, impressing no-one.  At time of writing, the index is trading around 7064 points and we hope the current, mid term, ruling attraction from 7185 points shall not be doomed to represent a high point for June. It just wouldn’t be fair!

Near term, FTSE movement exceeding just 7075 points calculates with a potential gain toward a pretty useful 7117 points. We’re less optimistic with our secondary arithmetic as it works out at 7157 points. The tightest stop is unpleasantly wide at 7013 points, the low price of Thursday.

Our alternate scenario, if it all goes wrong (it is US Non-Farm Payrolls Friday, after all) suggests any weakness continuing below 7013 risks triggering reversal to an initial 6982 points. If broken, our secondary is a hopeful bounce level of 6922 points.

Before you go, please check this page for any adverts which fascinate you. We’re grateful for every contribution to “the coffee fund!” Many thanks.

Have a good weekend, enjoy the Grand Prix, and don’t visit Argyll during the week! Our dog will thank you.

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
10:47:51PM BRENT 71.32 70.54 70.145 69.56 71.23 71.91 72.265 72.84 71.1 ‘cess
10:54:40PM GOLD 1870.79 1865 1850 1828 1884 1909 1914.5 1931 1890 Success
10:57:37PM FTSE 7067 7049 7014 6977 7087 7110 7124.75 7141 7050 Success
11:00:31PM FRANCE 6506 6470 6457 6435 6515 6522 6543 6567 6501
11:02:24PM GERMANY 15648.27 15467 15381 15279 15585 15657 15713 15795 15600 Shambles
11:05:18PM US500 4194 4167 4155 4129 4203 4210 4224 4243 4189 Success
11:07:15PM DOW 34604.9 34322 34217 34006 34469 34674 34728.5 34864 34550 ‘cess
11:12:10PM NASDAQ 13544 13513 13489 13391 13645 13702 13779.5 13886 13596 Success
11:15:20PM JAPAN 28977 28770 28587 28387 28952 29052 29136 29240 28902 Success

 

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%
2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%
1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%
28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%
27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%
26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
25/05/2021 FTSE Closed at 7029 points. Change of -100%. Total value traded through LSE was: £ 5,249,852,674 a change of 0%

 

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:EZJ EasyJet** **LSE:HUR Hurrican Energy** **LSE:ITM ITM Power** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

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Updated charts published on : Applied Graphene, BP PLC, Cellular Goods, Carnival, Capita, EasyJet, Hurrican Energy, ITM Power, Scancell, Tullow,

LSE:AGM Applied Graphene Close Mid-Price: 28.5 Percentage Change: -4.20% Day High: 29.75 Day Low: 28.4

Continued weakness against AGM taking the price below 28.4 calculates as ……..

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View Previous Applied Graphene & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 324.1 Percentage Change: + 0.73% Day High: 326.1 Day Low: 317.7

Target met. Continued trades against BP. with a mid-price ABOVE 326.1 sho ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 7.4 Percentage Change: + 4.23% Day High: 8.07 Day Low: 7.12

We only included this for fun, along with a suspicion the Beckhams will no ……..

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View Previous Cellular Goods & Big Picture ***

LSE:CCL Carnival Close Mid-Price: 1837.8 Percentage Change: -0.40% Day High: 1864.2 Day Low: 1821.8

Further movement against Carnival ABOVE 1864.2 should improve acceleratio ……..

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LSE:CPI Capita Close Mid-Price: 38.75 Percentage Change: -1.25% Day High: 39.85 Day Low: 38.76

Continued weakness against CPI taking the price below 38.76 calculates as ……..

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LSE:EZJ EasyJet Close Mid-Price: 959.2 Percentage Change: -5.08% Day High: 1012 Day Low: 945.4

Running an airline, every day must feel like opening night for a new stage ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 1.18 Percentage Change: + 12.38% Day High: 1.4 Day Low: 1.05

This is hellish. In the event Hurrican Energy experiences weakness below 0 ……..

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LSE:ITM ITM Power Close Mid-Price: 380.4 Percentage Change: -1.81% Day High: 388 Day Low: 375.8

This is pretty grotty, requiring above 430p to now signal some proper reco ……..

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LSE:SCLP Scancell. Close Mid-Price: 19.25 Percentage Change: + 0.00% Day High: 19.5 Day Low: 18.75

If Scancell experiences continued weakness below 18.75, it will invariabl ……..

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LSE:TLW Tullow. Close Mid-Price: 59.12 Percentage Change: + 3.32% Day High: 60.3 Day Low: 57.82

Target met. All Tullow needs are mid-price trades ABOVE 60.3 to improve a ……..

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View Previous Tullow & Big Picture ***

*** End of “Updated Today” comments on shares.

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