#FTSE #Gold
You don’t need dig far into the news to find plenty of doom and gloom stories for crypto currency. Apparently, it’s “game over” and everyone involved has now lost trillions. The reality, we suspect, shall prove quite different. Firstly, no-one makes a loss until they sell (or are stopped out) and secondly, well “secondly” is curious.
The immediate Bitcoin chart is, at first glance, quite interesting. On Thursday 12th May, the crypto broke the uptrend since 2020, attaining a bottom around $25,300 when the days session effectively opened at 8am. We’d been showing a Big Picture drop target around 27,700 on the current cycle and this, quite precisely, appeared to mesh with the Red uptrend. While the spike down early in the day to a low of 25,300 indeed broke the trend, the damage was undone by 8.45am.
As the chart inset highlights, Bitcoin certainly interfered with the trend but appears extremely unlikely to close the day below our drop target level. As a result, we’re inclined to anticipate some near term recovery as above 29,900 now looks capable of an attempt at an initial 31,290 with secondary, if bettered, a slightly more inspiring 34,800. It’s certainly an ongoing concern as the market “proved” at 8am the 2020 Red uptrend can be broken but visually, it appears unlikely this initial damage is intended to last.
However, to jump on the misery bandwagon, we’d now warn below 25,300 calculates with the risk of reversal now to an initial 21,400 with secondary, if broken, at 13,800 and a return to levels not seen since just 18 months ago. 
FTSE for Friday Yet again, we’re stumbling into a Friday feeling uncertain as to just what the heck is going on. It’s supposed to be the case of weakness below 7158 points now generating reversal to an initial 7090 points with secondary, if broken, a hopeful bottom at 7004 points. Unfortunately, there’s quite a strong visual case demanding a bottom at the 7004 point level, thanks to the presence of the Red pandemic trend line. This almost jars with a nice letter received today from Scotland’s fragrant Nicola Sturgeon, effectively letting me know the pandemic shall be deemed “over” from the end of this month, thanks to plentiful supply of treatments for anyone experiencing Covid-19. But personally, not to worry as I remain at the top of the list for any future vaccination campaigns.
It begs the question, should we now disregard the pandemic trend and instead, worry about the Russia trend since March?
But the level of surprise recovery shown during Thursday produced a near term trigger level and with the market closing the session at 7233 points, very little work needs done to give some near term hope. Above just 7278 points is supposed to trigger ongoing recovery to an initial 7379 points, a tidy 100 point boost capable of making the chaos of this week feel like a painful memory. Above 7379 and we can calculate a secondary target at 7446 points.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:37:07PM | BRENT | 107.34 | 104 | 102.75 | 106.05 | 108 | 108.99 | 105.75 | |||
| 9:39:27PM | GOLD | 1822.82 | 1821 | 1819 | 1827 | 1843 | 1849 | 1831 | ‘cess | ||
| 9:41:50PM | FTSE | 7211.5 | 7171 | 7139 | 7241 | 7298 | 7330 | 7240 | ‘cess | ||
| 9:43:44PM | FRANCE | 6200.7 | 6093 | 6037 | 6162 | 6239 | 6279 | 6164 | |||
| 10:02:02PM | GERMANY | 13669 | 13470 | 13311 | 13580 | 13804 | 13875 | 13671 | |||
| 10:03:32PM | US500 | 3914.65 | 3857 | 3830 | 3904 | 3966 | 3974 | 3914 | ‘cess | ||
| 10:06:53PM | DOW | 31627 | 31174 | 30731 | 31740 | 31974 | 32274 | 31740 | Success | ||
| 10:12:21PM | NASDAQ | 11884.97 | 11685 | 11572 | 11786 | 12088 | 12140 | 11955 | ‘cess | ||
| 10:15:11PM | JAPAN | 25698 | 25527 | 25458 | 25680 | 26022 | 26091 | 25900 | Success |
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -100%. Total value traded through LSE was: £ 5,719,365,474 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:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POG Petrop etc** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **
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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Asos, Caspian, Cellular Goods, Carnival, Centamin, 4D Pharma, Experian, EasyJet, Foxtons, Hargreaves Lansdown, British Airways, IG Group, ITM Power, Intertek, Just Eat, Ocado Plc, Oxford Instruments, Petrop etc, Speedyhire, Spirax,
LSE:AFC AFC Energy Close Mid-Price: 26.42 Percentage Change: -7.30% Day High: 27.4 Day Low: 24.52
Target met. If AFC Energy experiences continued weakness below 24.52, it ……..
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View Previous AFC Energy & Big Picture ***
LSE:AGM Applied Graphene Close Mid-Price: 17 Percentage Change: -2.86% Day High: 17 Day Low: 16.52
Weakness on Applied Graphene below 16.52 will invariably lead to 14.8 wit ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin Close Mid-Price: 689.2 Percentage Change: -2.02% Day High: 697.4 Day Low: 650.6
Continued weakness against AML taking the price below 650.6 calculates as ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 1378 Percentage Change: + 4.08% Day High: 1388 Day Low: 1248
Target met. If Asos experiences continued weakness below 1248, it will in ……..
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View Previous Asos & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 2.55 Percentage Change: -5.56% Day High: 2.7 Day Low: 2.55
Weakness on Caspian below 2.55 will invariably lead to 2.2 with secondary ……..
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View Previous Caspian & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 2 Percentage Change: -13.04% Day High: 2.1 Day Low: 1.95
Target met. Weakness on Cellular Goods below 1.95 will invariably lead to ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 1021.5 Percentage Change: -4.84% Day High: 1046 Day Low: 965
Target met. Continued weakness against CCL taking the price below 965 cal ……..
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View Previous Carnival & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 80.96 Percentage Change: -5.93% Day High: 86.26 Day Low: 80.74
In the event Centamin experiences weakness below 80.74 it calculates with ……..
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View Previous Centamin & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 32.7 Percentage Change: -6.17% Day High: 33.75 Day Low: 31.3
Continued weakness against DDDD taking the price below 31.3 calculates as ……..
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View Previous 4D Pharma & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2645 Percentage Change: -0.60% Day High: 2655 Day Low: 2560
If Experian experiences continued weakness below 2560, it will invariably ……..
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View Previous Experian & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 490.2 Percentage Change: -3.01% Day High: 500.8 Day Low: 468.1
If EasyJet experiences continued weakness below 468.1, it will invariably ……..
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View Previous EasyJet & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 35 Percentage Change: -5.91% Day High: 36.85 Day Low: 35.8
Continued weakness against FOXT taking the price below 35.8 calculates as ……..
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View Previous Foxtons & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 861.8 Percentage Change: -3.60% Day High: 866.8 Day Low: 804.8
Continued weakness against HL. taking the price below 804.8 calculates as ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 122.36 Percentage Change: -2.94% Day High: 124.8 Day Low: 119.26
Target met. Weakness on British Airways below 119.26 will invariably lea ……..
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View Previous British Airways & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 707 Percentage Change: -3.42% Day High: 724.5 Day Low: 698.5
Weakness on IG Group below 698.5 will invariably lead to 695 with seconda ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 268.9 Percentage Change: -4.34% Day High: 273.9 Day Low: 253.3
Target met. Continued weakness against ITM taking the price below 253.3 c ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4861 Percentage Change: -0.96% Day High: 4875 Day Low: 4783
Target met. In the event Intertek experiences weakness below 4783 it calc ……..
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View Previous Intertek & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1568.4 Percentage Change: + 3.08% Day High: 1603.8 Day Low: 1415.8
In the event Just Eat experiences weakness below 1415.8 it calculates wit ……..
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View Previous Just Eat & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 774 Percentage Change: + 1.28% Day High: 779.2 Day Low: 691.6
Target met. Weakness on Ocado Plc below 691.6 will invariably lead to 604 ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2110 Percentage Change: -0.94% Day High: 2110 Day Low: 2015
In the event Oxford Instruments experiences weakness below 2015 it calcul ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:POG Petrop etc. Close Mid-Price: 2.5 Percentage Change: + 63.93% Day High: 3.49 Day Low: 1.7
Target met. Further movement against Petrop etc ABOVE 3.49 should improve ……..
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View Previous Petrop etc & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 45.95 Percentage Change: -3.36% Day High: 47.1 Day Low: 45.5
In the event Speedyhire experiences weakness below 45.5 it calculates wit ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 10830 Percentage Change: -0.91% Day High: 10900 Day Low: 10565
Weakness on Spirax below 10565 will invariably lead to 10,492. If broken, ……..
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View Previous Spirax & Big Picture ***