#FTSE #WallSt_Futures With the UK market making “surprise” recovery from the supposed panic of Omicron, we’re curious as to whether some of the major components of the FTSE 100 shall finally exhibit proper recovery strength. Our key issue remains a demand the FTSE exceed 7550 points but shares such as Aviva, already playing tag with its pre-pandemic high, may prove amongst the first to surge firmly.
Visually, there’s little doubt some sort of glass ceiling exists at the 420p level and with the share presently trading around the 400p mark, it certainly doesn’t require much movement to kick things into life. From an immediate standpoint, above 404p apparently has an initial target of 421p. Once again, this challenges the 420p glass ceiling which has been creating a nuisance since April this year. With closure above our 421p target level, this have the potential to become interesting as our secondary target level calculates at 449p, maybe even a game changing movement for the longer term.
The issue with our 449p ambition dates back to 2018 as, for some reason, the market decided to anoint the 440p level with glass ceiling status. It’s creating a strange scenario, where essentially the share price requires two different 20p gains before everyone can risk buying a party popper. Only once both the 420 & the 440 glass ceilings shatter dare we express confidence a longer term track toward a distant 671p has commenced.
If Aviva intends spoil our calculations, the share price needs close a session below 347p.
Ethereum (COIN:ETHUSD) Recently, Bitcoin has been all over the place but for some reason, Ethereum has behaved with relative sanity. The immediate scenario hints the price should become especially interesting, should it exceed 4,490 US dollars. This should prove capable of triggering price growth to 4,886 next. By a tiny amount, this creates a new all time high for the crypto and permits us to calculate a longer term (or the next day!) potential of $5,937.
If things intend go Bitcoin shaped, Ethereum needs trade below $3,900 as this calculates with a reversal potential to $3,549 with secondary, if broken, down at $3,102 and hopefully a bottom.
All this optimism against Ethereum has an issue with our gloomy attitude to Bitcoin. We shall not be aghast, if Bitcoin eventually makes its way down to a bottom of $38,000!
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:51:36PM | BRENT | 75.02 | Success | ||||||||
| 9:53:38PM | GOLD | 1785.69 | ‘cess | ||||||||
| 9:56:23PM | FTSE | 7346.2 | 7234 | 7222 | 7180 | 7325 | 7348 | 7363 | 7418 | 7278 | Success |
| 9:59:01PM | FRANCE | 7062.3 | Success | ||||||||
| 10:01:26PM | GERMANY | 15863 | Success | ||||||||
| 10:04:42PM | US500 | 4696.87 | Success | ||||||||
| 10:28:15PM | DOW | 35801 | 35515 | 35470 | 35353 | 35677 | 35822 | 35940 | 36077 | 35603 | Success |
| 10:30:43PM | NASDAQ | 16371 | Success | ||||||||
| 10:33:01PM | JAPAN | 28804 | Success |
7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%
6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%
3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%
2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%
1/12/2021 FTSE Closed at 7168 points. Change of 1.54%. Total value traded through LSE was: £ 6,397,928,527 a change of -42.03%
30/11/2021 FTSE Closed at 7059 points. Change of -0.7%. Total value traded through LSE was: £ 11,036,747,551 a change of 76.98%
29/11/2021 FTSE Closed at 7109 points. Change of 0.92%. Total value traded through LSE was: £ 6,236,169,403 a change of -24.07%
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:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:ITRK Intertek** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Barrett Devs, Block Energy PLC, British Telecom, Cellular Goods, Diageo, Experian, Firstgroup, Intertek, Oxford Instruments, Polymetal, Taylor Wimpey, Zoo Digital,
LSE:BDEV Barrett Devs. Close Mid-Price: 732 Percentage Change: + 1.75% Day High: 734.2 Day Low: 720.6
Target met. All Barrett Devs needs are mid-price trades ABOVE 734.2 to im ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 0.92 Percentage Change: -7.50% Day High: 1 Day Low: 0.92
Continued weakness against BLOE taking the price below 0.92 calculates as ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 172.7 Percentage Change: + 0.47% Day High: 175 Day Low: 172.3
Further movement against British Telecom ABOVE 175 should improve acceler ……..
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View Previous British Telecom & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 6.85 Percentage Change: -5.52% Day High: 7.25 Day Low: 6.4
Target met. Weakness on Cellular Goods below 6.4 will invariably lead to ……..
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View Previous Cellular Goods & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 4016 Percentage Change: + 1.72% Day High: 4017.5 Day Low: 3960
Target met. Further movement against Diageo ABOVE 4017.5 should improve a ……..
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View Previous Diageo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3602 Percentage Change: + 2.04% Day High: 3599 Day Low: 3535
Target met. Continued trades against EXPN with a mid-price ABOVE 3599 sho ……..
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View Previous Experian & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 105.7 Percentage Change: + 0.19% Day High: 110.7 Day Low: 105.3
Target met. In the event of Firstgroup enjoying further trades beyond 110 ……..
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View Previous Firstgroup & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5696 Percentage Change: + 0.64% Day High: 5758 Day Low: 5672
All Intertek needs are mid-price trades ABOVE 5758 to improve acceleratio ……..
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View Previous Intertek & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2435 Percentage Change: + 3.18% Day High: 2460 Day Low: 2350
Continued trades against OXIG with a mid-price ABOVE 2460 should improve ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1326 Percentage Change: -0.49% Day High: 1340 Day Low: 1307
If Polymetal experiences continued weakness below 1307, it will invariabl ……..
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View Previous Polymetal & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 167.8 Percentage Change: + 2.32% Day High: 168.2 Day Low: 165
All Taylor Wimpey needs are mid-price trades ABOVE 168.2 to improve accel ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 118.5 Percentage Change: -4.05% Day High: 123.5 Day Low: 118.5
If Zoo Digital experiences continued weakness below 118.5, it will invari ……..
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View Previous Zoo Digital & Big Picture ***