#FTSE #Brent This is a little difficult to admit but we’ve absolutely no idea what direction the UK market intends go on Friday, 1st December. As a last ditch attempt, we opted to spend a couple of hours watching how Japan was behaving and unfortunately, it would be easier predicting what a cat will do next. And this, obviously, gives the opportunity to continue discussing our new 3d printer.
To celebrate playing her new game, something called City Skylines2, my wife felt the need to purchase an expensive AMD video card. It’s one of these things which is more powerful than most PC’s, has more memory than most PC’s and generates more heat than a small nuclear power station. Within the first day, the problem of heat dissipation became an emergency when the sensors inside the computer decided life was too hot and closed the system down. Her cat, rather adorably, had developed the habit of sleeping on top of her PC tower and as a result, my wife had fitted a cat basket exactly the right size to keep the smelly animal happy. When it was pointed out she could either play her game or, create a fire risk by attempting to barbeque the cat, she moved the basket.
“Could you use the 3d printer to make something like a table and legs to fit under the basket, so there’s an air gap between it and the computer?” It was a reasonable question, one which I ended up ignoring as sending concise printing instructions to the new printer is a skill I currently lack. My immediate success has been printing a straight line, the systems equivalent of “Hello World” so familiar to those learning a new programming language. In a fit of inspiration, I remembered things can still be made the old fashioned way, so with plywood and an electric saw, a stand for the cats bed was available literally within minutes. With everything fitted in place, my wife lifted the noisy cat into its new throne above her PC tower. It jumped out, refusing to use the bed, and opted to spend the evening staring at a blank wall. The cat and I do not get along and I think this was spite, because something wasn’t made out of plastic.
As for Japan, the index was opened down a hundred points from its previous close of 33,576 points. In the last couple of hours, another few hundred points have been lost and this hints any spike down at the open on the UK market is unlikely to exhibit an immediate recovery by 9.30am. Maybe! But it is the first of the final month of the year, so perhaps some optimism shall enter the day with traders always chasing an illusory “Santa rally”.
Allegedly, near term movement exceeding 7477 points should make an uphill attempt at an initial tame 7506 points. Should such a level be exceeded, our secondary calculates at 7536 points, a value which should certainly indicate happier times ahead for the FTSE in the near term.
However, if the other side of the coin opts to follow the example currently being set from Japan, below 7442 points risks promoting reversal down to 7408 points. Should such a level break, our secondary works out at 7374 points, plunging the FTSE into the realms of a truly grotty start to December. Which is frustrating as, should we go by chart behaviour along with the FTSE’s dance steps in relation to the Red line uptrend from 2020, we should be reporting some optimism with a suspicion the index intends an eventual 7613 points. Unfortunately, when something “should be going up but isn’t”, invariably the converse argument proves to be the correct one.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:15:36PM | BRENT | 8029.9 | 7993 | 7811 | 8191 | 8453 | 8579 | 8233 | ‘cess | ||
| 11:17:32PM | GOLD | 2037.9 | 2032 | 2029 | 2044 | 2052 | 2059 | 2038 | |||
| 11:22:30PM | FTSE | 7462.8 | 7402 | 7380 | 7437 | 7476 | 7508 | 7442 | ‘cess | ||
| 11:44:25PM | STOX50 | 4388.6 | 4360 | 4344 | 4384 | 4398 | 4402 | 4361 | ‘cess | ||
| 11:52:09PM | GERMANY | 16237.6 | 15995 | 15879 | 16050 | 16263 | 16337 | 16075 | ‘cess | ||
| 11:56:25PM | US500 | 4663.7 | 4536 | 4517 | 4554 | 4570 | 4577 | 4556 | ‘cess | ||
| 12:01:08AM | DOW | 35925.5 | 35644 | 35533 | 35744 | 35972 | 36003 | 35690 | ‘cess | ||
| 12:07:45AM | NASDAQ | 15928.5 | 15823 | 15767 | 15896 | 15958 | 15995 | 15873 | Success | ||
| 12:11:17AM | JAPAN | 33475 | 33463 | 33411 | 33524 | 33593 | 33662 | 33460 | ‘cess |
30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%
29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%
28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%
27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%
24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%
23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
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:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:STAR Star Energy** **
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Updated charts published on : Barrett Devs, BP PLC, Carclo, EasyJet, Fresnillo, Genel, Hikma, ITM Power, Rolls Royce, Scancell, Star Energy,
LSE:BDEV Barrett Devs. Close Mid-Price: 513.8 Percentage Change: + 1.10% Day High: 515.4 Day Low: 505.4
Continued trades against BDEV with a mid-price ABOVE 515.4 should improve ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 479.1 Percentage Change: + 1.51% Day High: 489.7 Day Low: 473
All BP PLC needs are mid-price trades ABOVE 489.7 to improve acceleration ……..
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View Previous BP PLC & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 9.42 Percentage Change: -21.50% Day High: 12 Day Low: 8.6
Target met. In the event Carclo experiences weakness below 8.6 it calcula ……..
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View Previous Carclo & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 453.3 Percentage Change: + 1.55% Day High: 454.7 Day Low: 445.5
In the event of EasyJet enjoying further trades beyond 454.7, the share s ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 582.8 Percentage Change: -1.29% Day High: 595.6 Day Low: 579.8
Continued trades against FRES with a mid-price ABOVE 595.6 should improve ……..
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View Previous Fresnillo & Big Picture ***
LSE:GENL Genel Close Mid-Price: 72 Percentage Change: -5.14% Day High: 76.8 Day Low: 71.7
Target met. Weakness on Genel below 71.7 will invariably lead to 68.5p wi ……..
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View Previous Genel & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1723.5 Percentage Change: + 0.06% Day High: 1731 Day Low: 1711
Continued weakness against HIK taking the price below 1711 calculates as ……..
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View Previous Hikma & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 51.28 Percentage Change: -2.32% Day High: 53.9 Day Low: 51.24
If ITM Power experiences continued weakness below 51.24, it will invariab ……..
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View Previous ITM Power & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 268.8 Percentage Change: + 2.05% Day High: 270.8 Day Low: 264.8
All Rolls Royce needs are mid-price trades ABOVE 270.8 to improve acceler ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 10.97 Percentage Change: -10.41% Day High: 12.25 Day Low: 10.97
Weakness on Scancell below 10.97 will invariably lead to 6.2p with second ……..
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View Previous Scancell & Big Picture ***
LSE:STAR Star Energy Close Mid-Price: 7.92 Percentage Change: -4.00% Day High: 8.35 Day Low: 8
Target met. In the event Star Energy experiences weakness below 8 it calc ……..
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View Previous Star Energy & Big Picture ***