#FTSE #Gold It has been a funny old week, Thursday kicking off neatly with a power cut. What we don’t get is how the electrical engineers know to wait an exact time before cutting the power again, ensuring our PC’s which have rebooted, been logged in to everything shut down again. How we laughed. Thankfully the heating had come on, the harsh fact being our backup regime of a wood burning stove doesn’t heat the whole house unless it’s fed 24 hours a day.
Strangely, just after we felt safe to actually publish market futures, the FTSE decided to emulate the electricity supply and kick into life, potentially triggering quite a positive scenario for the next few days. Literally, until around 3pm the index had spent every day this week oscillating 50 points above and below the 8100 point level. Whether this is a side effect of whatever world or political conflict is being used to worry the markets this week, we’re not sure but as Thursday drew to a close, a white dove of hope emerged above the FTSE, one with some interesting potentials.
Despite the FTSE only exceeding this weeks market bandwidth by just 3 points, we’re inclined to hope by the market deciding to close the session in an arguably happy place.
If we’re reading things correctly, above 8155 points should now trigger a movement to an initial 8201 points. Should such a level be exceeded, our secondary ambition calculates at an impressive 8278 points, placing the index in a zone where a longer term cycle to 8375 becomes possible, a hope which makes a lot of visual sense, maybe even signalling a real Santa Rally this year! If triggered, the tightest stop loss level looks like a fairly reasonable 8100 points.
Of course, it wouldn’t be Friday without us sneaking in a negative scenario and in this instance, the suggestion is of weakness now below 8100 points potentially triggering reversal to an initial 8060 points with our secondary, if broken, a less likely feeling 7978 points.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:01:28PM | BRENT | 7400.2 | 7254 | 7203 | 7377 | 7416 | 7561 | 7267 | Shambles | ||
| 10:05:04PM | GOLD | 2669.23 | 2645 | 2642 | 2662 | 2674 | 2682 | 2660 | ‘cess | ||
| 10:08:03PM | FTSE | 8170.6 | 8141 | 8125 | 8171 | 8188 | 8196 | 8158 | |||
| 10:10:59PM | STOX50 | 4764.2 | 4715 | 4699 | 4760 | 4774 | 4786 | 4756 | ‘cess | ||
| 10:34:58PM | GERMANY | 19161.3 | 19200 | 19107 | 19159 | 19192 | 19210 | 19161 | ‘cess | ||
| 10:38:36PM | US500 | 5945.6 | 5924 | 5913 | 5945 | 5954 | 5969 | 5930 | ‘cess | ||
| 10:48:32PM | DOW | 43865 | 43335 | 43130 | 43610 | 44034 | 44360 | 43846 | Success | ||
| 10:52:22PM | NASDAQ | 20706 | 20437 | 20346 | 20609 | 20823 | 20991 | 20686 | Shambles | ||
| 10:56:25PM | JAPAN | 38201 | 37708 | 37405 | 38000 | 38342 | 38610 | 38180 | ‘cess |
21/11/2024 FTSE Closed at 8149 points. Change of 0.79%. Total value traded through LSE was: £ 5,329,138,992 a change of 5.3%
20/11/2024 FTSE Closed at 8085 points. Change of -0.17%. Total value traded through LSE was: £ 5,060,732,508 a change of -17.24%
19/11/2024 FTSE Closed at 8099 points. Change of -0.12%. Total value traded through LSE was: £ 6,114,723,554 a change of -10.83%
18/11/2024 FTSE Closed at 8109 points. Change of 0.57%. Total value traded through LSE was: £ 6,857,494,541 a change of 25.41%
16/11/2024 FTSE Closed at 8063 points. Change of -0.1%. Total value traded through LSE was: £ 5,468,037,498 a change of 6.49%
14/11/2024 FTSE Closed at 8071 points. Change of 0.51%. Total value traded through LSE was: £ 5,134,648,719 a change of -9.92%
13/11/2024 FTSE Closed at 8030 points. Change of 0.06%. Total value traded through LSE was: £ 5,699,909,508 a change of -5.55% 
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:CCL Carnival** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:NWG Natwest** **
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Updated charts published on : Aston Martin, B & M, Carnival, British Airways, Intercontinental Hotels Group, ITM Power, Natwest,
LSE:AML Aston Martin. Close Mid-Price: 102.7 Percentage Change: + 1.28% Day High: 105.4 Day Low: 101
If Aston Martin experiences continued weakness below 101, it will invaria ……..
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View Previous Aston Martin & Big Picture ***
LSE:BME B & M. Close Mid-Price: 339 Percentage Change: + 2.70% Day High: 337.3 Day Low: 324.8
Target met. Weakness on B & M below 324.8 will invariably lead to 301p wi ……..
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View Previous B & M & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1811.5 Percentage Change: + 2.32% Day High: 1811.5 Day Low: 1750
Further movement against Carnival ABOVE 1811.5 should improve acceleratio ……..
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View Previous Carnival & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 246.4 Percentage Change: + 1.61% Day High: 246.6 Day Low: 242
Target met. Further movement against British Airways ABOVE 246.6 should ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 9644 Percentage Change: + 1.30% Day High: 9660 Day Low: 9444
Further movement against Intercontinental Hotels Group ABOVE 9660 should ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 34.24 Percentage Change: + 0.41% Day High: 34.76 Day Low: 32.9
Continued weakness against ITM taking the price below 32.9 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 400.5 Percentage Change: + 0.88% Day High: 400 Day Low: 393.4
Further movement against Natwest ABOVE 400 should improve acceleration to ……..
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View Previous Natwest & Big Picture ***