#FTSE #GOLD Following the fun and games at the recent entertaining Canadian Grand Prix, this weekends Spanish event shows similar signs of providing a decent show. The reason is the weather as it looks like rain shall be expected on Sunday, always the secret weapon to alleviate utter boredom! We can hope so anyway, especially as qualifying is expected to be dry.
The FTSE is showing some early signs of enthusiasm for Friday, moving through the downtrend which has marked the misery since the start of May. Hopefully the prospect of a reasonable race jolly’s things along on Friday, despite markets in Europe allegedly being rattled by the prospect of an early French general election. Thus far, we’ve failed to catch any real taste of election collywobbles from the FTSE, a situation which hopefully continues since the market remains trading in a zone where a long term 8600 remains a viable hope. The real strength of upward movement on the FTSE through Thursday perhaps was giving a clue as to expectations, when the BoE starts cutting interest rates in August, according to some reports.
Near term, FTSE movement above 8276 points has the potential to trigger near term movement to an initial 8317 points with our secondary, if beaten, at a useful 8360 points. If triggered, the tightest stop can reside around a very reasonable 8240 points. The visuals imply the 8317 level should assume some importance as closure above such a point dumps the index into a long term cycle toward an impressive 8628, a level at which we anticipate some turbulence. It will also be worth remembering the market may experience a temptation in the next couple of weeks to “park” the market roughly between 8200 and 8400 until the election is decided.
Our converse scenario, if things decide to go pear shaped, advises below 8203 risking triggering reversal to an initial tame 8189 with our secondary, if broken, at 8124 points and a possible bounce.
Have a good weekend. Pity we are encroaching on the longest day, when it’s only a matter of time before some ‘wit’ tells how many shopping days until Xmas. It has been a fast year.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:32:41PM | BRENT | 8511.4 | 8437 | 8411 | 8488 | 8541 | 8626 | 8472 | |||
| 10:37:10PM | GOLD | 2359.57 | 2332 | 2324 | 2347 | 2367 | 2381 | 2347 | Success | ||
| 10:41:32PM | FTSE | 8277.6 | 8200 | 8176 | 8244 | 8288 | 8345 | 8247 | Success | ||
| 10:48:02PM | STOX50 | 4941 | 4880 | 4863 | 4917 | 4953 | 4984 | 4915 | ‘cess | ||
| 10:51:40PM | GERMANY | 18239 | 18118 | 18062 | 18192 | 18264 | 18317 | 18203 | Success | ||
| 10:55:48PM | US500 | 5473.8 | 5455 | 5448 | 5487 | 5500 | 5519 | 5480 | ‘cess | ||
| 10:59:53PM | DOW | 39114 | 38880 | 38738 | 39015 | 39240 | 39355 | 39077 | Success | ||
| 11:04:39PM | NASDAQ | 19778 | 19680 | 19594 | 19800 | 19951 | 20061 | 19837 | Success | ||
| 11:07:52PM | JAPAN | 38632 | 38267 | 38103 | 38529 | 38803 | 38903 | 38570 | Success |
20/06/2024 FTSE Closed at 8272 points. Change of 0.82%. Total value traded through LSE was: £ 5,591,583,637 a change of 26.19%
19/06/2024 FTSE Closed at 8205 points. Change of 0.17%. Total value traded through LSE was: £ 4,431,021,762 a change of -14.42%
18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%
17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%
14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%
13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%
12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17% 
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:BT.A British Telecom** **LSE:HL. Hargreaves Lansdown** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **
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Updated charts published on : British Telecom, Hargreaves Lansdown, Ocado Plc, Rolls Royce, Sainsbury, Tern Plc,
LSE:BT.A British Telecom. Close Mid-Price: 142.55 Percentage Change: + 0.92% Day High: 144.2 Day Low: 141.55
In the event of British Telecom enjoying further trades beyond 144.2, the ……..
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View Previous British Telecom & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 1134 Percentage Change: -1.65% Day High: 1169 Day Low: 1127.5
In the event of Hargreaves Lansdown enjoying further trades beyond 1169, ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 310 Percentage Change: -12.06% Day High: 358.1 Day Low: 289
Target met. Continued weakness against OCDO taking the price below 289p c ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 485.5 Percentage Change: + 2.75% Day High: 487.4 Day Low: 475.9
Target met. In the event of Rolls Royce enjoying further trades beyond 48 ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 265 Percentage Change: + 2.08% Day High: 266 Day Low: 260.6
All Sainsbury needs are mid-price trades ABOVE 266 to improve acceleratio ……..
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View Previous Sainsbury & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 2.2 Percentage Change: -2.22% Day High: 2.25 Day Low: 2.2
In the event Tern Plc experiences weakness below 2.2 it calculates with a ……..
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View Previous Tern Plc & Big Picture ***