#FreeFutures Experience has taught there’s usually no point in giving an outlook for the day before Xmas. The half day of trading generally does next to nothing, aside from opening minute movements, then a frenzy of changes in the final 10 minutes of trading. As a result, we’ve decided to review the outlook for Thursday as it’s the last full day of trading before Xmas.
Amazingly, it appears some sort of rally is taking place on the FTSE 100, the market now opting to show some useful potentials. Crucially, if these relatively near term predictions come to fruition, the FTSE is going to find itself adrift in a region with the potential of a visit to an extraordinary 8110 points sometime in the future. Goodness knows what horrors politicians shall consider, if they notice the UK market has moved from recovery mode to growth mode. But then again, perhaps we’re reading too much into what could “just” be a rather delayed Santa Rally, one which could easily fade away by the end of the year!
From an immediate perspective, it seems we should expect movement above 7342 points to bring the FTSE to an initial 7378 points. Obviously, beware an initial spike at the open of the FTSE on Thursday unless the spike is prefaced by a gap. This sort of thing tends make any upward surge in the opening second fairly reliable. Should 7378 be exceeded, our secondary target level is at 7450 points. This secondary target level is liable to prove significant, marking the highest level attained since the pandemic reversals of 2020. If this movement triggers, it looks like the tightest stop loss is quite wide at 7292 points. A word of warning regarding our initial 7378 target level. As the chart below illustrates, such an ambition matches Blue on the chart, the FTSE downtrend since the high pre-pandemic. As a result, common sense alone indicates the potential for some hesitation at such a level.
The alternate pear shaped scenario is pretty straightforward. Below 7292 points risks reversal commencing to 7260 points. If broken, our secondary calculates at 7230 points.
On Thursday evening, we shall provide a “FTSE for FRIDAY” scenario. It will be short and sweet, probably glanced at prior to being forgotten as many folk shall be solidly in Holiday Mode already.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:33:32PM | BRENT | 75.48 | 73.52 | 72.98 | 74.6 | 75.5 | 76.36 | 73.6 | ‘cess | ||
| 9:35:12PM | GOLD | 1805.17 | 1785 | 1779 | 1795 | 1806 | 1808 | 1796 | Success | ||
| 9:37:15PM | FTSE | 7366.89 | 7271 | 7247 | 7315 | 7367 | 7382 | 7297 | Success | ||
| 9:39:15PM | FRANCE | 7064 | 6961 | 6954 | 6991 | 7068 | 7089 | 6995 | Success | ||
| 9:41:06PM | GERMANY | 15644 | 15424 | 15399 | 15511 | 15645 | 15657 | 15490 | |||
| 9:42:58PM | US500 | 4697.07 | 4629 | 4602 | 4654 | 4698 | 4712 | 4634 | Success | ||
| 9:46:59PM | DOW | 35770 | 35405 | 35267 | 35580 | 35783 | 35896 | 35610 | ‘cess | ||
| 10:22:24PM | NASDAQ | 16183.34 | 15890 | 15775 | 15992 | 16190 | 16215 | 16036 | Success | ||
| 10:23:59PM | JAPAN | 28707 | 28437 | 28339 | 28582 | 28717 | 28822 | 28608 |
22/12/2021 FTSE Closed at 7341 points. Change of 0.6%. Total value traded through LSE was: £ 4,417,772,606 a change of -20.48%
21/12/2021 FTSE Closed at 7297 points. Change of 1.38%. Total value traded through LSE was: £ 5,555,401,277 a change of -2.97%
20/12/2021 FTSE Closed at 7198 points. Change of -0.98%. Total value traded through LSE was: £ 5,725,360,926 a change of 374.84%
17/12/2021 FTSE Closed at 7269 points. Change of 0.12%. Total value traded through LSE was: £ 1,205,733,107 a change of 0%
16/12/2021 FTSE Closed at 7260 points. Change of 1.26%. Total value traded through LSE was: £ 1,205,733,107 a change of -77.58%
15/12/2021 FTSE Closed at 7170 points. Change of -0.67%. Total value traded through LSE was: £ 5,378,114,182 a change of 0.31%
14/12/2021 FTSE Closed at 7218 points. Change of -0.18%. Total value traded through LSE was: £ 5,361,283,608 a change of -6.74%
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:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:FGP Firstgroup** **LSE:IGG IG Group** **LSE:MKS Marks and Spencer** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Avacta, BALFOUR BEATTY, Barrett Devs, Carnival, ECO (Atlantic) O & G, Firstgroup, IG Group, Marks and Spencer, OPG Power Ventures, Oxford Instruments, Quadrise, Rockhopper, Rolls Royce, Taylor Wimpey,
LSE:AVCT Avacta. Close Mid-Price: 123.8 Percentage Change: + 16.90% Day High: 131.5 Day Low: 115.5
Ongoing movement exceeding 132 now points at 143 initially and our seconda ……..
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View Previous Avacta & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 255.6 Percentage Change: + 1.27% Day High: 257 Day Low: 250
Above just 258 should make movement to 268 difficult to avoid. If bettered ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 740 Percentage Change: + 2.10% Day High: 739.4 Day Low: 721
Now above 740 looks capable of 760 next. If exceeded, our secondary calcul ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1421.6 Percentage Change: + 2.13% Day High: 1425.4 Day Low: 1355.8
Above 1426 should bring the price to an initial 1544p. If bettered, our se ……..
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View Previous Carnival & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 18 Percentage Change: + 1.41% Day High: 17.75 Day Low: 17
Continued weakness against ECO taking the price below 17 calculates as lea ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 102.6 Percentage Change: + 1.28% Day High: 102.4 Day Low: 98.35
Ongoing travel below 98 remains pointing at 90 as an initial destination w ……..
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View Previous Firstgroup & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 800 Percentage Change: + 0.57% Day High: 801 Day Low: 793.5
For some reason, this is suddenly looking surprisingly useful as above 801 ……..
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View Previous IG Group & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 227.5 Percentage Change: -0.66% Day High: 229.9 Day Low: 226.9
We’d now have slight concerns should this discover an excuse to trade belo ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 11 Percentage Change: + 1.15% Day High: 11 Day Low: 10.6
In the event OPG Power Ventures experiences weakness below 10.6 it calcula ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2625 Percentage Change: + 2.74% Day High: 2630 Day Low: 2515
Target Met. Further movement against Oxford Instruments ABOVE 2630 should ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 2.5 Percentage Change: -1.96% Day High: 2.8 Day Low: 2.55
Above 2.8 still suggests some mild interest, now calculating with an initi ……..
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View Previous Quadrise & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 8.2 Percentage Change: + 6.49% Day High: 8.2 Day Low: 7.71
Above 8.2p still suggests an initial 9.35p with our longer term secondary, ……..
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View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 118.34 Percentage Change: + 3.30% Day High: 117.98 Day Low: 114.78
Near term, above 119 is supposed to bring an initial 121 with secondary, i ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 174.1 Percentage Change: + 2.56% Day High: 173.95 Day Low: 169.1
Target Met. Movement now above 174.5 indicates the potential of recovery t ……..
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View Previous Taylor Wimpey & Big Picture ***