FTSE for FRIDAY & Brent Crude (FTSE:UKX & CCOM:OILBRENT) Some thoughts.

#FTSE #BRENT  We’ve mixed feelings about Brent, due to disgust at the price of fuel in petrol stations making it difficult to cheer the immediate potentials for the black stuff. The current cycle has a target level at 96.4 dollars, an ambition the price has failed to achieve as the rise feels like it’s stumbling at the 95 dollar level.

It’s still the case, where above 95 dollars remains with the potential of a lift to 96.4 but one of our unfathomable rules demands a product, index, or share, achieve an initial target level of the first upward surge, preferably exceeding any initial target. In the case of Brent, the initial surge happened a week ago with the price struggling for every cent of gain in the period since. Should our 96.4 be exceeded, we’re now forced to be less confident about our secondary at $105. Essentially, it starts to feel like the price manipulation by Saudi and Russia is failing and perhaps we should now focus more on reversal potentials.

Below $86 now looks capable of triggering reversals down to an initial $75 and a possible bounce, if we judge by the present of the Red uptrend since 2020. In the event $75 breaks, our secondary calculates down at $57, a drop potential which would suggest a return to the period of sane pricing between 2015 and 2021.

FTSE for FRIDAY With the Government and BoE opting to give the UK a rest from their policy of draining ambition from the country, it appears possible some gains may be permitted on the FTSE. Unfortunately, we cannot be confident at such a prospect, thanks to the markets spending the week being incredibly hesitant and it has created a situation, where any excuse for reversal is liable to give those with Long positions a bit of a kicking.

Below 7670 points looks capable of triggering weakness down to an initial 7639 points with secondary, if broken, calculating down at 7604 points, almost certainly accompanied by a bounce. If triggered, the tightest stop looks like 7715 points.


Our alternate scenario, one which feels less probable due to the behaviour of futures after hours, indicates movement above 7747 should make an attempt at a lunge to 7804 points with our secondary, if bettered, working out at 7871 points.

More importantly, with the Japan Grand Prix this weekend, we’ve obviously sufficient excuse to make sushi in anticipation of a race which proves as enjoyable as last weeks effort from Singapore. However, we’re forced to miss watching the event live, due to attending the World Championship of the World Stone Skimming Contest. The event, held in an old slate quarry on an island off the coast of Argyll, is supposed to be tongue in cheek but unfortunately, it’s now at risk of being taken seriously. The only tiny little problem is the tiny little boat which will be tasked with ferrying a huge number of spectators and competitors across to Easdale, an island with no shops, one pub, no roads, and a small population who value their privacy.

Have a good weekend.


Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:47:47PM BRENT 9224 9217 9158 9036 9280 9302 9364 9413 9232 ‘cess
10:53:28PM GOLD 1919.58 1914 1909 1896 1922 1930 1932 1938 1923 ‘cess
10:56:19PM FTSE 7635.6 7637 7621 7579 7684 7729 7777 7824 7679 Success
10:59:05PM STOX50 4178.5 4181 4151 4092 4211 4222 4231 4247 4200 Success
11:01:36PM GERMANY 15476.9 15471 15409 15214 15573 15630 15676 15744 15546 Success
11:04:55PM US500 4329.5 4323 4282 4201 4378 4395 4401 4427 4367 Success
11:07:18PM DOW 34069.5 34032 33899 33498 34130 34420 34467 34612 34346 Success
11:10:13PM NASDAQ 14688.4 14674 14596 14252 14817 14852 14890 14962 14752 ‘cess
11:14:01PM JAPAN 32194 32194 32079 31552 32393 32652 32695 32859 32563 Success


21/09/2023 FTSE Closed at 7678 points. Change of -0.69%. Total value traded through LSE was: £ 6,191,643,124 a change of 28.33%
20/09/2023 FTSE Closed at 7731 points. Change of 0.93%. Total value traded through LSE was: £ 4,824,861,883 a change of -0.46%
19/09/2023 FTSE Closed at 7660 points. Change of 0.1%. Total value traded through LSE was: £ 4,847,212,890 a change of 23.66%
18/09/2023 FTSE Closed at 7652 points. Change of -0.77%. Total value traded through LSE was: £ 3,919,854,652 a change of -71.71%
15/09/2023 FTSE Closed at 7711 points. Change of 0.5%. Total value traded through LSE was: £ 13,856,220,608 a change of 129.91%
14/09/2023 FTSE Closed at 7673 points. Change of 1.97%. Total value traded through LSE was: £ 6,026,828,350 a change of 14.3%
13/09/2023 FTSE Closed at 7525 points. Change of -0.03%. Total value traded through LSE was: £ 5,272,761,043 a change of 13.44%

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:BME B & M** **LSE:DARK Darktrace Plc** **LSE:IPF International Personal Finance** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **


Updated charts published on : Aston Martin, B & M, Darktrace Plc, International Personal Finance, Marks and Spencer, National Glib, Spirent Comms, Spirax,

LSE:AML Aston Martin Close Mid-Price: 285 Percentage Change: -6.43% Day High: 304.6 Day Low: 280.4

Target met. Weakness on Aston Martin below 280.4 will invariably lead to ……..

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LSE:BME B & M. Close Mid-Price: 584.6 Percentage Change: + 0.97% Day High: 587 Day Low: 576

In the event of B & M enjoying further trades beyond 587, the share shoul ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 419.1 Percentage Change: -0.21% Day High: 428.1 Day Low: 409.9

In the event of Darktrace Plc enjoying further trades beyond 428.1, the s ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 129.5 Percentage Change: + 1.97% Day High: 130 Day Low: 125

All International Personal Finance needs are mid-price trades ABOVE 130 t ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 236.1 Percentage Change: + 2.16% Day High: 238.1 Day Low: 229.9

All Marks and Spencer needs are mid-price trades ABOVE 238.1 to improve a ……..

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LSE:NG. National Glib Close Mid-Price: 1029 Percentage Change: -0.53% Day High: 1039.5 Day Low: 1022.5

Target met. All National Glib needs are mid-price trades ABOVE 1039.5 to ……..

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LSE:SPT Spirent Comms Close Mid-Price: 136.4 Percentage Change: -2.29% Day High: 140.3 Day Low: 136.5

In the event Spirent Comms experiences weakness below 136.5 it calculates ……..

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LSE:SPX Spirax Close Mid-Price: 9590 Percentage Change: -1.98% Day High: 9804 Day Low: 9584

If Spirax experiences continued weakness below 9584, it will invariably l ……..

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*** End of “Updated Today” comments on shares.

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