#FTSE #GOLD With something interesting finally happening in the world, the ‘Free Practice’ sessions have kicked off for the Australian F1 race and as always, internet chat rooms ooze utter rubbish about each driver and teams performance. Somehow or other, folk manage to forget each session is called “Practice” for a reason. Teams are trying to ascertain if a call shall complete a race without the steering wheel falling off, without running out of petrol, and ideally with the same number of wheels each car started the race with.
The one thing about ‘Free Practice’ is important, teams are not attempting to establish record times. There are always points where a race team is asking their driver to try and establish a fast time between Point X and Point Y, the aim of the team being to compare how each driver managed the car and track, attempting to blend the two methods in a way where everyone has a chance to improve. But when reading Twitter (X), it becomes easy to believe Practice sessions themselves form some sort of race. Of course, the eye candy of Free Practice is hyped up by the media in an attempt to draw viewers and gullible readers.
The FTSE itself looks guilty of doing a similar Free Practice moment on the stock markets, the index reaching an arithmetically important level around 8780 points, then deciding to flutter above and below this level. From our perspective, the index has been busy forming a glass ceiling – or horizontal trend to be accurate. This creates a point where we shall tend view any future attempt by the market to close above 8780 points as a significant trigger, one ideally capable of introducing a surge to an initial 8920. We’ve a little problem with such a target level, given it matches the prior high earlier in March. But closure above 8920 shall be regarded as important, suggesting the FTSE has entered a Big Picture phase toward the magic sounding 10,000 point level. It would be true to say with any market, other than the FTSE, we’d be pretty confident of such a scenario but the UK index track record doesn’t readily lend itself to large outpourings of confidence. But given market performance this year, we’re perhaps exhibiting ” learned muscle memory” which could be entirely misplaced! In other words, we’re chicken.
From a nearer term perspective, weakness below 8514 risks being a little troublesome, provoking a potential trip down to 8462 points with our secondary, if broken, introducing itself at 8368 points. If triggered, the tightest stop loss level looks like 8564 points, wide but fairly civilised given the reversal calculation.
Alternately, our scenario if the UK index intends to behave on Friday allows above 8582 points to perhaps trigger recovery to an initial 8650 points. Our secondary is slightly insane, a return to the glass ceiling level with at 8786 points!
Have a good weekend. And at least try to enjoy the Australian Grand Prix.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:32:52PM | BRENT | 7001.2 | 6922 | 6857 | 7037 | 7135 | 7182 | 7046 | Shambles | ||
| 11:41:07PM | GOLD | 2987.27 | 2970 | 2963 | 2982 | 2991 | 3004 | 2975 | Success | ||
| 11:43:36PM | FTSE | 8559.1 | 8511 | 8484 | 8455 | 8535 | 8573 | 8593 | 8636 | 8533 | |
| 11:46:54PM | STOX50 | 5318 | 5301 | 5280 | 5330 | 5387 | 5412 | 5335 | |||
| 11:49:07PM | GERMANY | 22556 | 22412 | 22277 | 22570 | 22764 | 22869 | 22591 | |||
| 11:51:09PM | US500 | 5549.2 | 5504 | 5489 | 5547 | 5606 | 5645 | 5562 | ‘cess | ||
| 11:54:34PM | DOW | 40970.5 | 40667 | 40648 | 40954 | 41412 | 41730 | 41268 | |||
| 11:56:51PM | NASDAQ | 19354.8 | 19155 | 19039 | 19344 | 19616 | 19802 | 19459 | ‘cess | ||
| 11:59:01PM | JAPAN | 36790 | 36564 | 36512 | 36774 | 37050 | 37254 | 36805 | ‘cess |
13/03/2025 FTSE Closed at 8542 points. Change of 0.02%. Total value traded through LSE was: £ 5,809,805,582 a change of -17.07%
12/03/2025 FTSE Closed at 8540 points. Change of 0.52%. Total value traded through LSE was: £ 7,005,575,880 a change of -4.97%
11/03/2025 FTSE Closed at 8496 points. Change of -1.21%. Total value traded through LSE was: £ 7,372,262,809 a change of -3.66%
10/03/2025 FTSE Closed at 8600 points. Change of -0.91%. Total value traded through LSE was: £ 7,652,125,992 a change of 21.38%
7/03/2025 FTSE Closed at 8679 points. Change of -0.03%. Total value traded through LSE was: £ 6,304,463,649 a change of -17.82%
6/03/2025 FTSE Closed at 8682 points. Change of -0.83%. Total value traded through LSE was: £ 7,671,130,291 a change of 6.49%
5/03/2025 FTSE Closed at 8755 points. Change of -0.05%. Total value traded through LSE was: £ 7,203,655,204 a change of -19.84% 
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:ASC Asos** **LSE:DGE Diageo** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:TRN The Trainline** **
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Updated charts published on : Asos, Diageo, Fresnillo, Intercontinental Hotels Group, International Personal Finance, The Trainline,
LSE:ASC Asos Close Mid-Price: 257.8 Percentage Change: -1.30% Day High: 272.4 Day Low: 256.8
If Asos experiences continued weakness below 256.8, it will invariably le ……..
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View Previous Asos & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 2082.5 Percentage Change: -0.22% Day High: 2107.5 Day Low: 2050
Target met. Weakness on Diageo below 2050 will invariably lead to 2039p w ……..
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View Previous Diageo & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 473.8 Percentage Change: -1.52% Day High: 482.9 Day Low: 471.5
Continued weakness against EZJ taking the price below 471.5 calculates as ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 899.5 Percentage Change: + 0.56% Day High: 902 Day Low: 861
In the event of Fresnillo enjoying further trades beyond 902, the share s ……..
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View Previous Fresnillo & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 8518 Percentage Change: -1.93% Day High: 8646 Day Low: 8500
Continued weakness against IHG taking the price below 8500 calculates as ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 139 Percentage Change: + 2.58% Day High: 140 Day Low: 135.5
Further movement against International Personal Finance ABOVE 140 should ……..
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View Previous International Personal Finance & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 272.4 Percentage Change: -13.19% Day High: 305.8 Day Low: 263.4
Target met. Weakness on The Trainline below 263.4 will invariably lead to ……..
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View Previous The Trainline & Big Picture ***