#FTSE #GOLD Our local petrol station doesn’t muck around when it comes to fuel prices. With Brent spending this week below the 80 dollar level, we shouldn’t have been surprised to see Cothouse Services here in Argyll flogging diesel for just £1.38/litre and £1.32 for Petrol. But while across on the mainland today, Tesco were trying to convince me to pay £1.49/litre for the same stuff. It used to be the case fuel in the Islands and Highlands was always sold at eye-watering prices, the blame given to our remoteness. Nowadays, the tables have turned, the local saving paying for the rip-off ferry fares!
Maybe it shall be the case lower fuel costs will make folk feel better about the markets, perhaps exerting some sort of influence on the FTSE which, similar to other markets currently, probably would identify as Magnolia if it was a colour. But we central banks starting to introduce sanity with interest rates, hopefully this shall also been seen as an upward driver for the market in the week ahead. The grudging admissions Government interest rate policy has actually been causing untold damage to economies is amusing but then again, it’s an election year.
Currently for the FTSE, above 8311 should ideally be quite useful, calculating with the potential of a lift to an initial 8340 points. In the event such a level gets bettered, we can present an amazing 8405 points as our secondary ambition. This secondary is quite a big deal as market closure around such a point shall make a future journey toward 8537 points very possible.
If triggered, our tightest stop is fairly wide at 8261 points.
Our alternate scenario speculates on what happens, if 8244 points breaks. Such a game plan threatens reversal to 8206 points with secondary, if broken, at 8166 points. Visually, there are already fairly strong suggests of some sort of bounce, if either ambition comes to fruition on any initial drop.
Have a good weekend and enjoy the hopefully wet Canadian Grand Prix.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:45:36PM | BRENT | 8001 | 7832 | 7769 | 7910 | 8012 | 8063 | 7965 | Success | ||
| 10:50:38PM | GOLD | 2375.69 | 2354 | 2348 | 2367 | 2380 | 2384 | 2369 | ‘cess | ||
| 10:53:15PM | FTSE | 8286.9 | 8244 | 8236 | 8277 | 8296 | 8318 | 8276 | |||
| 10:56:26PM | STOX50 | 5068.1 | 5020 | 5001 | 5065 | 5085 | 5107 | 5050 | ‘cess | ||
| 10:59:01PM | GERMANY | 18627.4 | 18600 | 18544 | 18672 | 18788 | 18834 | 18686 | ‘cess | ||
| 11:03:17PM | US500 | 5352.7 | 5296 | 5282 | 5326 | 5359 | 5369 | 5333 | |||
| 11:10:18PM | DOW | 38912.6 | 38731 | 38639 | 38900 | 39013 | 39201 | 38809 | ‘cess | ||
| 11:17:48PM | NASDAQ | 19026.9 | 18978 | 18942 | 19040 | 19080 | 19120 | 18979 | |||
| 1:00:53AM | JAPAN | 38585 | 38544 | 38376 | 38733 | 38858 | 38953 | 38701 |
6/06/2024 FTSE Closed at 8285 points. Change of 0.47%. Total value traded through LSE was: £ 4,698,915,634 a change of -17.77%
5/06/2024 FTSE Closed at 8246 points. Change of 0.17%. Total value traded through LSE was: £ 5,714,375,018 a change of -25.64%
4/06/2024 FTSE Closed at 8232 points. Change of -0.36%. Total value traded through LSE was: £ 7,684,560,050 a change of 30.84%
3/06/2024 FTSE Closed at 8262 points. Change of -0.16%. Total value traded through LSE was: £ 5,873,182,024 a change of -59.21%
31/05/2024 FTSE Closed at 8275 points. Change of 0.53%. Total value traded through LSE was: £ 14,399,322,984 a change of 74.95%
30/05/2024 FTSE Closed at 8231 points. Change of 0.59%. Total value traded through LSE was: £ 8,230,680,116 a change of 35.4%
29/05/2024 FTSE Closed at 8183 points. Change of -100%. Total value traded through LSE was: £ 6,078,579,262 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:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:BME B & M** **LSE:CAR Carclo** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TERN Tern Plc** **
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Updated charts published on : Aston Martin, Astrazeneca, B & M, Carclo, Primary Health, Scottish Mortgage Investment Trust, Tern Plc,
LSE:AML Aston Martin. Close Mid-Price: 162.9 Percentage Change: + 3.76% Day High: 167.9 Day Low: 156.2
Further movement against Aston Martin ABOVE 167.9 should improve accelera ……..
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View Previous Aston Martin & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 12590 Percentage Change: + 0.59% Day High: 12632 Day Low: 12512
All Astrazeneca needs are mid-price trades ABOVE 12632 to improve acceler ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BME B & M Close Mid-Price: 495.6 Percentage Change: -2.17% Day High: 505 Day Low: 492
Target met. In the event B & M experiences weakness below 492 it calculat ……..
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View Previous B & M & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 16 Percentage Change: + 8.47% Day High: 17 Day Low: 16
Target met. In the event of Carclo enjoying further trades beyond 17, the ……..
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View Previous Carclo & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 93.4 Percentage Change: -1.06% Day High: 94.85 Day Low: 92.8
Continued weakness against PHP taking the price below 92.8 calculates as ……..
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View Previous Primary Health & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 904.2 Percentage Change: + 0.42% Day High: 905.8 Day Low: 891
All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 9 ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 2.45 Percentage Change: + 0.00% Day High: 2.45 Day Low: 2.3
If Tern Plc experiences continued weakness below 2.3, it will invariably ……..
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View Previous Tern Plc & Big Picture ***