#FreeFutures #FTSE
At time of writing, there are just 62 hours until the start of the 2022 Formula 1 season. As 2021 didn’t produce a true World Champion (the person who manipulated the final race was fired), around the world, many folk will be fascinated in this years events. In an honest world, Louis Hamilton would now be competing for a 10th title, his championships littered by distant memory of Rosberg (resigned, apparently voluntarily) and Masi (fired). But we’re curious about Ferrari, suspecting they may not be outsiders this time.
It feels like the market are now paying some attention to Ferrari share price, needing only above just 210 to suggest imminent recovery to an initial 220 with our secondary, if exceeded, looking like a very logical 244. In a normal world, the secondary should prove critical as closure above this level should enter a region, where a longer term cycle to 298 calculates as possible. This will represent a new all time high for the company, ideally representative of a strong performance in motorsport. Or perhaps strong sales, due to a surge in buyers taking advantage of their cheap Covid support loans.
Hopefully Sunday in Bahrain provides an insight into what awaits this season. Hopefully it doesn’t snow…
FTSE for Friday Generally we regard it as quite a big deal, when a share price enthusiastically regains a prior trend. This week, the FTSE achieved something quite surprising, regaining an uptrend and also, once again breaking through a historical downtrend.
We’re inclined to suspect the markets are no longer taking the European conflict quite as seriously, maybe fuelled by some of the ridiculous stories doing the rounds. For instance, good old Chicken Kiev, a dish utterly hated by those tasked with cleaning the oven, vanished from supermarket shelves, while their marketing division anxiously decided on how to spell Kiev ‘correctly’ in solidarity with Ukraine. Russia must have felt utterly threatened at this bout of utter stupidity as a mainstay from the 1970’s vanished from shelves while politically correct packaging was sourced. Hopefully France never does anything silly as life would be impossible without “French Fries”… Apparently the UK media are also pressurising anarchists to take Molotov Cocktails off their menu!
Closing Thursday at 7385 points, we’re inclined to assign a near term trigger for the FTSE at 7399 points. Movement above this level currently calculates with the potential of 7454 next. Our secondary, if such a level is exceeded, works out at 7555 points. In the event the market somehow makes it above this level, something extraordinary happens as apparently a leap toward 7717 points becomes viable, signalling the potential of a brand new high for the UK market.
Our alternate scenario requires the FTSE to wobble below 7260 points as this opens the doors for reversal to 7102 points with secondary, if broken, at 6855 points.
Have a good weekend, one where the good weather forecast risks being spoiled by the need to stay indoors watching a car race!
Having bought coffee beans on Thursday, it has never been more important to thank the nice folk who discover fascinating adverts on this page. At the current price, tempted to plant them in the hope they are magic beans!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:19:14PM | BRENT | 105.15 | 97.3 | 95.87 | 103 | 106 | 107.2175 | 102 | Success | ||
| 9:20:57PM | GOLD | 1943.02 | 1930 | 1926 | 1939 | 1950 | 1955 | 1935 | ‘cess | ||
| 9:24:30PM | FTSE | 7385 | 7308 | 7271 | 7353 | 7420 | 7461 | 7374 | ‘cess | ||
| 9:26:25PM | FRANCE | 6630 | 6529 | 6492 | 6601 | 6645 | 6658 | 6601 | |||
| 9:34:29PM | GERMANY | 14381 | 14234 | 14105 | 14376 | 14529 | 14543 | 14334 | |||
| 9:37:15PM | US500 | 4394 | 4327 | 4305 | 4372 | 4416 | 4457 | 4371 | ‘cess | ||
| 9:41:08PM | DOW | 34358 | 33863 | 33628 | 34115 | 34517 | 34726 | 34204 | ‘cess | ||
| 9:43:05PM | NASDAQ | 14064 | 13824 | 13708 | 14015 | 14135 | 14179 | 14045 | |||
| 9:46:48PM | JAPAN | 26677 | 26376 | 26295 | 26576 | 26775 | 26827 | 26630 | Success |
17/03/2022 FTSE Closed at 7385 points. Change of 1.29%. Total value traded through LSE was: £ 6,876,379,438 a change of -21.82%
16/03/2022 FTSE Closed at 7291 points. Change of 1.69%. Total value traded through LSE was: £ 8,795,974,053 a change of 28.56%
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
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%
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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:RBD Reabold Resources PLC** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **
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Updated charts published on : AFC Energy, Astrazeneca, BP PLC, MAN, Experian, Reabold Resources PLC, Spirax, Tern Plc,
LSE:AFC AFC Energy Close Mid-Price: 38.15 Percentage Change: -3.30% Day High: 39.45 Day Low: 36.7
Above 41 now hints at movement to an initial 44 with secondary, if exceede ……..
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View Previous AFC Energy & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 9561 Percentage Change: + 1.54% Day High: 9548 Day Low: 9275
In the event of Astrazeneca enjoying further trades beyond 9548, the shar ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 368.05 Percentage Change: + 2.05% Day High: 371.05 Day Low: 361.8
All BP PLC needs are mid-price trades ABOVE 371.05 to improve acceleratio ……..
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View Previous BP PLC & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 223.3 Percentage Change: + 2.10% Day High: 223.4 Day Low: 218.5
Continued trades against EMG with a mid-price ABOVE 223.4 should improve ……..
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View Previous MAN & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3037 Percentage Change: + 3.02% Day High: 3053 Day Low: 2963
Further movement against Experian ABOVE 3053 should improve acceleration ……..
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View Previous Experian & Big Picture ***
LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.4 Percentage Change: + 22.73% Day High: 0.46 Day Low: 0.32
Target met. Continued trades against RBD with a mid-price ABOVE 0.46 shou ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 12870 Percentage Change: + 2.75% Day High: 12890 Day Low: 12575
Further movement against Spirax ABOVE 12890 should improve acceleration t ……..
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View Previous Spirax & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 14 Percentage Change: -9.68% Day High: 16 Day Low: 14
In the event of Tern Plc enjoying further trades beyond 16, the share sho ……..
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View Previous Tern Plc & Big Picture ***