#FTSE #Free_Futures
When we gave our contrary scenario last Friday morning, we truly didn’t anticipate the FTSE providing a successful 333 points, achieving our primary and secondary targets. What proved distinctly odd was our secondary target of 6,897 points. The FTSE closed at 6,987 points, leaving us no idea what was going on. This week, Monday kicked off with a similar numeric spoonerism, a day low at 6,787 points.
Sometimes it simply feels as if the market is making fun of our target levels, one day closing 100 points above, another day closing 100 points below. We can only guess, on average, we were right!
By any standards, this week has proven a bit of a shambles, Russia and Ukraine aggressively sending daily news reports to the media. It often feels like a replay of that BBC pretend complaints show “Points of View”, where invented furious letters from Mr Angry of Clapham claimed to be furious about the colour of a presenters tie or the paint colour of a tractor on The Archers… Did the BBC really think viewers actually believed any of this trite invented invective emanated from somewhere other than a particular small office without a coatstand in the then Broadcasting House? For now, there’s obviously something going on in Ukraine and Russia really shouldn’t have invaded. But beyond this, discovering the truth from the region proves difficult. Even footage from the 2020 port blast in Beirut has mysteriously been produced as ‘evidence’ and equally worrying, the famously unbiased search engine ‘DuckDuckGo’ has now started censoring their search results.
In short, neither us nor the markets appear to be clear on what’s going on. Importantly, the FTSE has now closed a session below 7,228 points, the trend break level, and languishes in a zone where we can now ponder on the threat of future reversal to 6,745 points, maybe even 6,670 points as potential bounce level.
Some slight hope is possible, thanks to the inset on the chart. As shown, considerable effort has been employed to ensure the FTSE didn’t close a session below the Pandemic uptrend. Hopefully this hints the wheels are not about to come completely off the wagon, though this is probably a matter for Russia.
Near term, the FTSE needs exceed 7,194 points to produce a hint of a miracle, allowing surprise recovery to 7,284 points initially with secondary, if exceeded, at 7,443 points. If triggered, the absolute tightest stop is at 7,106 points but realistically, we’d prefer 7,054 as it matches the risk/reward potentials.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:11:20PM | BRENT | 107.87 | 107 | 101 | 113 | 116.6 | 119.89 | 110 | |||
| 10:13:48PM | GOLD | 1997.47 | 1970 | 1964 | 1993 | 2011 | 2024 | 1989 | |||
| 10:16:58PM | FTSE | 7111 | 7061 | 7013 | 7133 | 7215 | 7280 | 7130 | |||
| 10:19:19PM | FRANCE | 6268 | 6159 | 6078 | 6246 | 6333 | 6344 | 6234 | |||
| 10:21:29PM | GERMANY | 13478 | 13339 | 13257 | 13557 | 13745 | 13792 | 13505 | |||
| 10:23:21PM | US500 | 4258 | 4206 | 4191 | 4246 | 4276 | 4284 | 4233 | |||
| 10:25:47PM | DOW | 33184 | 32809 | 32541 | 33018 | 33257 | 33373 | 33183 | |||
| 10:28:14PM | NASDAQ | 13569.35 | 13390 | 13316 | 13526 | 13726 | 13876 | 13585 | |||
| 10:30:23PM | JAPAN | 25292 | 25184 | 25084 | 25320 | 25495 | 25598 | 25300 | ‘cess |
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%
8/03/2022 FTSE Closed at 6964 points. Change of 0.07%. Total value traded through LSE was: £ 9,232,494,481 a change of -9.7%
7/03/2022 FTSE Closed at 6959 points. Change of -0.4%. Total value traded through LSE was: £ 10,224,193,154 a change of 15.38%
4/03/2022 FTSE Closed at 6987 points. Change of -3.47%. Total value traded through LSE was: £ 8,861,498,669 a change of 14.29%
3/03/2022 FTSE Closed at 7238 points. Change of -2.57%. Total value traded through LSE was: £ 7,753,530,217 a change of -3.98%
2/03/2022 FTSE Closed at 7429 points. Change of 1.35%. Total value traded through LSE was: £ 8,074,541,610 a change of -5.31%
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:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:GLEN Glencore Xstra** **LSE:OPG OPG Power Ventures** **LSE:POLY Polymetal** **
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Updated charts published on : Aston Martin, Astrazeneca, Glencore Xstra, OPG Power Ventures, Polymetal,
LSE:AML Aston Martin Close Mid-Price: 815 Percentage Change: -5.63% Day High: 895.2 Day Low: 814
If Aston Martin experiences continued weakness below 700, it will invariab ……..
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View Previous Aston Martin & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 9219 Percentage Change: + 1.07% Day High: 9252 Day Low: 9052
In the event of Astrazeneca enjoying further trades beyond 9252, the shar ……..
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View Previous Astrazeneca & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 498 Percentage Change: + 5.93% Day High: 498.75 Day Low: 469.2
Target met. Further movement against Glencore Xstra ABOVE 498.75 should i ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 6.25 Percentage Change: -5.30% Day High: 6.6 Day Low: 6.25
Target met. Continued weakness against OPG taking the price below 6.25 ca ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 151.25 Percentage Change: -2.86% Day High: 193.7 Day Low: 132
Target met. In the event Polymetal experiences weakness below 132 it calc ……..
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View Previous Polymetal & Big Picture ***