#FTSE #GOLD The FTSE has walked out of May and entered June, displaying the most grudging series of “higher highs” in the first week of this month. We’ve mentioned previously our suspicion; the market has noticed it’s on the verge of strong movement and is now, almost desperately, trying to avoid it. The FTSE itself seems to be under the influence of a nightmare version of the “Goblins of Gringotts”, this being the central bank position in the world of Harry Potter. In the UK, we’ve only got the Bank of England, an organisation which seems to be making considerable effort to slow down the UK economy. We’d hoped the malign influence of their Canadian chairman would wane, once he returned to active politics in his own country but so far, the evidence is against it.
With movements being terribly lethargic since the start of May, the market is now closing on a point where the Goblins in the background will be forced to panic. Earlier this year, the market closed at a high of 8873 points and we regard this as the final level, above which the market should (according to our logic) have no choice other than to sharply move further toward our ruling destination, currently calculating at an ambitious 9727 points. With the FTSE closing at 8811 points on Thursday 5th June, very little work now needs done to challenge our trigger point of 8873.
Or in other words, we shall not be surprised if the market discovers an excuse to panic, introducing some reversals to knock the FTSE back into its box. Certainly, movement now below 8750 shall be regarded as with triggering potential, working out as capable of provoking reversals to an initial 8634 with our secondary, if broken, a probable bottom at 8588, once again dumping the UK Index into a parking orbit when it gets to do the whole thing over again. Perhaps it’s the case, where chaos in Ukraine, chaos in Israel, and chaos in UK politics, shall need vanish before our banking Goblins allow the index to run free.
Of course, we could be utterly wrong, the lethargy infecting the UK market just being a figment of our own irritation.
More likely, it seems to be the case near term movement above 8839 should challenge a spectacular rise to 8845 points next, an ambition we’d describe as utterly useless. It’s probably safer (and saner) to suggest movement above 8845 should bring a near term 8895 next with our “longer term” secondary, if bettered, at 8959 points. Unfortunately, the most sane stop loss level for this scenario is at 8750 points, giving a painfully large safety margin to match the risk/reward scenario.
On the brighter side of life, it looks like the current wind and rain season here in Argyll should be coming to an end. My wife grows “Peony Roses” at the front of our house, an annual joke being bad weather is due, when the dark red blooms at their most perfect. She has finally noticed this is a very real annual event, her battle to beat the weather becoming an annual event to save her blooms before they are destroyed by strong winds and heavy rains. Who knows, perhaps Peony Roses attract bad weather as it looks like we’ve now 10 days of good weather ahead, her collection of pretty flowers yet again utterly destroyed.
We’ve been joking – to a degree – about planting grape vines at the front of the house. It’s south faces, looking over the sea but rarely threatened by storm surges. A cherry blossom tree planted 5 years ago has flourished, my wife wanting me to eschew planting some carrots and potatoes, instead trying for the ingredients of a dry white wine. However, with the collapse of the wine production industry worldwide, it’s proving remarkably cheap to buy concentrate grape juice from impoverished growers in California and Spain.
Have a good weekend, unfortunately one without a 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 |
| 11:20:56PM | BRENT | 6509.7 | 6440 | 6394 | 6496 | 6572 | 6633 | 6524 | Success | ||
| 11:23:14PM | GOLD | 3357.61 | 3339 | 3317 | 3359 | 3403 | 3418 | 3377 | Success | ||
| 11:27:22PM | FTSE | 8790.9 | 8775 | 8761 | 8796 | 8829 | 8844 | 8792 | |||
| 11:29:44PM | STOX50 | 5382.4 | 5371 | 5355 | 5391 | 5412 | 5426 | 5385 | ‘cess | ||
| 11:32:25PM | GERMANY | 24225.5 | 24182 | 24129 | 24270 | 24373 | 24421 | 24217 | ‘cess | ||
| 11:38:06PM | US500 | 5935 | 5920 | 5896 | 5948 | 6006 | 6068 | 5951 | ‘cess | ||
| 11:44:48PM | DOW | 42348.2 | 42201 | 42174 | 42375 | 42672 | 42752 | 42448 | Shambles | ||
| 11:53:54PM | NASDAQ | 21497.3 | 21444 | 21412 | 21532 | 21641 | 21667 | 21530 | Success | ||
| 11:56:48PM | JAPAN | 37458 | 37305 | 37203 | 37535 | 37726 | 37870 | 37510 |
5/06/2025 FTSE Closed at 8811 points. Change of 0.11%. Total value traded through LSE was: £ 5,152,607,890 a change of -21.02%
4/06/2025 FTSE Closed at 8801 points. Change of 0.16%. Total value traded through LSE was: £ 6,523,776,146 a change of 16.37%
3/06/2025 FTSE Closed at 8787 points. Change of 0.15%. Total value traded through LSE was: £ 5,606,086,540 a change of 3.39%
2/06/2025 FTSE Closed at 8774 points. Change of 0.02%. Total value traded through LSE was: £ 5,422,234,482 a change of -53.25%
30/05/2025 FTSE Closed at 8772 points. Change of 0.64%. Total value traded through LSE was: £ 11,598,431,042 a change of 144.4%
29/05/2025 FTSE Closed at 8716 points. Change of -0.11%. Total value traded through LSE was: £ 4,745,696,803 a change of -0.05%
28/05/2025 FTSE Closed at 8726 points. Change of -100%. Total value traded through LSE was: £ 4,748,118,751 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:AAL Anglo American** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:SFOR S4 Capital** **
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Updated charts published on : Anglo American, Carnival, Capita, Fresnillo, Greggs, S4 Capital,
LSE:AAL Anglo American. Close Mid-Price: 2293.5 Percentage Change: + 2.69% Day High: 2328.5 Day Low: 2233.5
Target met. Further movement against Anglo American ABOVE 2328.5 should i ……..
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LSE:CCL Carnival. Close Mid-Price: 1607 Percentage Change: + 1.48% Day High: 1615.5 Day Low: 1566
In the event of Carnival enjoying further trades beyond 1615.5, the share ……..
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View Previous Carnival & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 244.4 Percentage Change: + 2.26% Day High: 247.4 Day Low: 239
We’ve given this a few weeks to sort itself out. Following its 15:1 Split, ……..
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LSE:FRES Fresnillo. Close Mid-Price: 1325 Percentage Change: + 4.99% Day High: 1337 Day Low: 1264
Target met. Further movement against Fresnillo ABOVE 1337 should improve ……..
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View Previous Fresnillo & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 1972 Percentage Change: -4.18% Day High: 2060 Day Low: 1972
Weakness on Greggs below 1972 will invariably lead to 1888 with secondary ……..
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LSE:SFOR S4 Capital Close Mid-Price: 24.65 Percentage Change: -6.98% Day High: 26 Day Low: 24
Continued weakness against SFOR taking the price below 24 calculates as l ……..
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View Previous S4 Capital & Big Picture ***