Our Friday FTSE freebie and Uranium Energy Corp

#FTSE #Gold Here in Argyll. the excitement of seeing a nuclear sub quickly wanes, along with mild concern at Europes largest nuclear weapons store being just a few miles away. However, a client asked if we’ve ever looked at the price of Uranium as surely the world’s overwhelming demand more the element for cheaper, greener, energy, and also, a cleaner environment must be making the price attractive.

Oddly, we’ve never noticed ‘Green’ Political parties campaigning for more Nuclear power but from a common sense perspective, such an energy source does tend make a lot of sense. Especially now, as many years of expertise in handling uranium safely exist. Some fools even live, quite comfortably, with massive nuclear stores on their doorstep!

Unable to identify a reliable futures market for the product daily price movements, we did a little digging and quickly unearthed Uranium Energy Corp (AMEX:UEC), a US based mining and exploration company. At present, their share price is around 2.95 USD. Life promises to become interesting should the company start trading above $3.50 as this should trigger movement to $5.6 next. Above this level, things become fascinating, thanks to our secondary calculating at $8.17 and a new all time high. Perhaps all this needs are Green politicians to start promoting nuclear power as a future!

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Trends and Targets. Past performance is not a reliable indicator of future results.

 

FTSE for FRIDAY (FTSE:UKX) The UK market has experienced a pretty foul few days, closing the session on Thursday with a ‘lower low’ which dumped the index in a zone with the potential of ongoing reversals to 6830. Perhaps worse, the market has now broken it’s 8th uptrend in a year. Despite none of the previous trend breaks proving to be a precursor to disaster, the unpleasant situation now is the index requires above 7088 currently before any recovery dare be taken seriously. Regaining a trend is always a good thing, we find.

Hey, chart goes here

Trends and Targets. Past performance is not a reliable indicator of future results.

 

Near term, below 6998 points threatens reversal to an initial 6977 points. If broken, our secondary calculates at 6944 points. If triggered, the tightest stop feels like 7053 points.

Alternately, above 7053 works out with an initial ambition of 7088 points, a curious number given the level required to regain the prior uptrend. Our secondary calculation is quite surprising, apparently movement above 7088 should provoke rapid gains in the direction of 7200. Rather neatly, such a target will serve to wipe out the losses of the last few days.

Have a good weekend. Hopefully the coming Grand Prix proves less boring than last weekends.

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As always, massive thanks to those kind folk who discover adverts on this page worth a visit.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:48:06PM BRENT 71.01 70.88 70.575 71.67 72.93 73.21 71.86 Sorry
9:49:53PM GOLD 1794.34 1783 1778 1795 1801 1807 1786
9:53:44PM FTSE 7008 6990 6946 7045 7068 7077 7003 Success
10:12:03PM FRANCE 6657.5 6649 6630 6670 6708.4 6722 6659 Success
10:14:05PM GERMANY 15575.47 15526 15472.5 15615 15696 15720 15583
10:15:45PM US500 4492.97 4486 4466 4508 4522 4531 4497
10:19:21PM DOW 34877.5 34786 34651.5 34988 35040 35130 34840 Shambles
10:30:47PM NASDAQ 15562 15545 15476 15630 15642 15677.5 15543
10:32:40PM JAPAN 30102 30018 29939 30136 30198 30272.5 30055 Success
9/09/2021 FTSE Closed at 7024 points. Change of -1%. Total value traded through LSE was: £ 5,564,442,934 a change of 5.99%
8/09/2021 FTSE Closed at 7095 points. Change of -0.76%. Total value traded through LSE was: £ 5,249,791,565 a change of 12.94%
7/09/2021 FTSE Closed at 7149 points. Change of -0.53%. Total value traded through LSE was: £ 4,648,354,855 a change of 42.06%
6/09/2021 FTSE Closed at 7187 points. Change of 0.69%. Total value traded through LSE was: £ 3,272,196,059 a change of -29.07%
3/09/2021 FTSE Closed at 7138 points. Change of -0.35%. Total value traded through LSE was: £ 4,613,097,281 a change of 1%
2/09/2021 FTSE Closed at 7163 points. Change of 0.2%. Total value traded through LSE was: £ 4,567,320,494 a change of -8.51%
1/09/2021 FTSE Closed at 7149 points. Change of -100%. Total value traded through LSE was: £ 4,992,272,040 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:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:POLY Polymetal** **LSE:RMG Royal Mail** **LSE:TLW Tullow** **

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Updated charts published on : Asos, Barrett Devs, Block Energy PLC, British Telecom, Centamin, EasyJet, Hargreaves Lansdown, HSBC, British Airways, Natwest, Polymetal, Royal Mail, Tullow,

LSE:ASC Asos Close Mid-Price: 3153 Percentage Change: -5.88% Day High: 3376 Day Low: 3133

Target met. If Asos experiences continued weakness below 3133, it will in ……..

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View Previous Asos & Big Picture ***

LSE:BDEV Barrett Devs. Close Mid-Price: 690.6 Percentage Change: + 0.94% Day High: 690.8 Day Low: 676.8

Weakness on Barrett Devs below 676.8 will invariably lead to 643 with sec ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.73 Percentage Change: -0.73% Day High: 3.05 Day Low: 2.73

All Block Energy PLC needs are mid-price trades ABOVE 3.05 to improve acc ……..

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LSE:BT.A British Telecom Close Mid-Price: 161.2 Percentage Change: -2.21% Day High: 163.55 Day Low: 159.35

Target met. If British Telecom experiences continued weakness below 159.3 ……..

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LSE:CEY Centamin Close Mid-Price: 92.48 Percentage Change: -1.78% Day High: 94.54 Day Low: 92.44

Weakness on Centamin below 92.44 will invariably lead to 90p but importan ……..

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LSE:EZJ EasyJet Close Mid-Price: 708.2 Percentage Change: -10.24% Day High: 756.2 Day Low: 680

Target met. Continued weakness against EZJ taking the price below 680 cal ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1446 Percentage Change: -2.33% Day High: 1475 Day Low: 1433

If Hargreaves Lansdown experiences continued weakness below 1431 it calcu ……..

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LSE:HSBA HSBC Close Mid-Price: 376.45 Percentage Change: -1.08% Day High: 379.4 Day Low: 373.5

If HSBC experiences continued weakness below 373.5, it will invariably le ……..

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View Previous HSBC & Big Picture ***

LSE:IAG British Airways Close Mid-Price: 151.48 Percentage Change: -1.06% Day High: 152.02 Day Low: 146.64

Target met. In the event British Airways experiences weakness below 146. ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 42.51 Percentage Change: + 0.24% Day High: 42.78 Day Low: 41.35

Continued weakness against LLOY taking the price below 41.35 calculates a ……..

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LSE:NWG Natwest Close Mid-Price: 208.9 Percentage Change: -0.67% Day High: 210.1 Day Low: 206.8

Now looking dangerous, travel below 206.8 suggests continued reversal to 2 ……..

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View Previous Natwest & Big Picture ***

LSE:POLY Polymetal Close Mid-Price: 1389.5 Percentage Change: -3.17% Day High: 1430.5 Day Low: 1389

Target met. If Polymetal experiences continued weakness below 1389, it wi ……..

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LSE:RMG Royal Mail Close Mid-Price: 475.7 Percentage Change: -1.61% Day High: 481.3 Day Low: 469.1

Target met. If Royal Mail experiences continued weakness below 469.1, it ……..

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View Previous Royal Mail & Big Picture ***

LSE:TLW Tullow Close Mid-Price: 40.39 Percentage Change: -2.98% Day High: 41.64 Day Low: 40.27

Continued weakness against TLW taking the price below 40.27 calculates as ……..

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View Previous Tullow & Big Picture ***

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

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