#Gold #Nasdaq With almost boring repetition, Rio Tinto becomes yet another company facing suggestions it moves its main listing from London, in this instance to Sydney, Australia. This pressure to flee the London market, becoming notorious for underperforming against a reality, where members like RIO.L report; “We have a clear path for a decade of profitable growth!” This sort of optimism often feels like a Red Rag for the FTSE, an index which often feels like it works hard to avoid shares enjoying a runaway success.
Perhaps we are entering a cycle, where the FTSE intends a future where listing are represented by traders from EastEnders Albert Square market, single focus business which can never do any better thanks to their position trapped in a closed environment. (And yes, we just admitted to our entire knowledge of East Enders, a TV program which is avoided with extreme care here in our bit of Argyll as we’ve already got sufficient misery due to the weather.) But it certainly raises a wry grin, the idea of the FTSE 100 containing listings for “Ricky’s Stall”, “Dens Barrow”, “Underworld Knickers” or “Dots Spot”, trying hard to be relevant to the UK by only paying attention to local business’s, rather than make the most of anything with international aspirations. Then again, perhaps the grown ups in London would prefer UK listings reflect companies who actually operate in the UK, rather than simply maintain their headquarters in this country and pay the national government the appropriate fine for any jobs they create. Somewhat amusingly, it appears the largest victim of the recent National Insurance heist looks like the government itself, given the huge number of folk employed at local and national government levels, along with all the usual dependent offshoots.
However, returning to LSE:RIO, their share price looks like it’s quivering on the edge of doing something useful, making a sense of future direction possible. If reversals are coming, below 4726 should justify a hard look, this risking triggering reversal to an initial 4647 with our secondary, if broken, at 4357 and hopefully a bounce. The danger comes if the share price closes below 4357p as a third level drop potential works out at 3716p and hopefully a rebound.
Our converse, positive view, stumbles onto the scene if the share price manages exceed 5250p and this has the potential of triggering movement to an initial 5774p. Our secondary, if such a level is bettered, works out at a pretty useful 6224p and almost certain hesitation.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:46:27PM | BRENT | 7248.9 | |||||||||
| 10:50:16PM | GOLD | 2649.39 | 2632 | 2624 | 2613 | 2645 | 2658 | 2667 | 2681 | 2647 | |
| 10:53:31PM | FTSE | 8314.6 | |||||||||
| 11:18:52PM | STOX50 | 4905.7 | ‘cess | ||||||||
| 11:23:12PM | GERMANY | 20220.8 | ‘cess | ||||||||
| 11:28:46PM | US500 | 6082.8 | Success | ||||||||
| 11:31:57PM | DOW | 45003.5 | ‘cess | ||||||||
| 11:35:13PM | NASDAQ | 21464.4 | 21285 | 21199 | 21098 | 21376 | 21500 | 21574 | 22000 | 21335 | ‘cess |
| 11:38:20PM | JAPAN | 39603 | ‘cess |
4/12/2024 FTSE Closed at 8335 points. Change of -0.29%. Total value traded through LSE was: £ 5,383,163,281 a change of 3.03%
3/12/2024 FTSE Closed at 8359 points. Change of 0.57%. Total value traded through LSE was: £ 5,224,934,773 a change of 21.03%
2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36% 
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:CCL Carnival** **LSE:GENL Genel** **LSE:IAG British Airways** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **
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Updated charts published on : Carnival, Genel, British Airways, Rolls Royce, Scottish Mortgage Investment Trust, The Trainline, Tesco,
LSE:CCL Carnival. Close Mid-Price: 1898 Percentage Change: + 1.69% Day High: 1899.5 Day Low: 1869.5
Further movement against Carnival ABOVE 1899.5 should improve acceleratio ……..
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View Previous Carnival & Big Picture ***
LSE:GENL Genel Close Mid-Price: 67.3 Percentage Change: -4.13% Day High: 72.2 Day Low: 66.8
Target met. Continued weakness against GENL taking the price below 66.8 c ……..
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View Previous Genel & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 275.1 Percentage Change: + 4.05% Day High: 276.6 Day Low: 265.9
Target met. All British Airways needs are mid-price trades ABOVE 276.6 t ……..
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View Previous British Airways & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 594.8 Percentage Change: + 0.57% Day High: 599.8 Day Low: 590.2
Further movement against Rolls Royce ABOVE 599.8 should improve accelerat ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 983.6 Percentage Change: + 1.38% Day High: 982.6 Day Low: 967
In the event of Scottish Mortgage Investment Trust enjoying further trade ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 430.4 Percentage Change: + 2.48% Day High: 431.2 Day Low: 417
Target met. In the event of The Trainline enjoying further trades beyond ……..
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View Previous The Trainline & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 373 Percentage Change: + 0.51% Day High: 374.9 Day Low: 371.6
Further movement against Tesco ABOVE 374.9 should improve acceleration to ……..
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View Previous Tesco & Big Picture ***