#Gold #FTSE Thursday should have brought outpourings of happiness for the UK market, the index finally achieving an all time high by accelerating beyond the peak at the start of March this year. However, it’s likely the fun and games between Israel and Iran shall overshadow everything, Israel having decided to remove Iran’s nuclear potentials. Further muddying the waters is an expectation of civil war in Iran, once the Israel action is complete and regime change becomes possible. In other words, the FTSE shall probably opt to experience reversals, regardless of any “higher high” justifications for hope.
This conflict kicking off so late, ensured our suggested Long positions on Brent Crude were probably useless. With Brent futures currently trading around 7648 cents, we suspect a price level of 8200 shall be challenged on the immediate cycle. Our longer term secondary, if such a point is exceeded, works out at 9072 cents! Our life would certainly be easier, if they’d announce well in advance the date and time of future conflicts as the surprise war can easily make our numbers redundant within minutes. For instance, if the FTSE intends panic, reversal to around 8760 points looks possible, perhaps with further drops in 100 point increments, producing a secondary target around 8656 points..
At time of writing, FTSE futures are around 8820 points and with news Iran were on the verge of assembling 15 nuclear weapons, we lack confidence in declaring 8760 points as a “bottom” capable of provoking a bounce. Overall, it is even possible to speculate on 8570 eventually making an appearance. Amazingly, the tightest stop loss level is astounding, sitting around just 8845 points.
But there has been something “funny” with index movements during the most recent 8 sessions. Generally, our conclusion is to completely distrust a break of an uptrend, when a share or market price essentially haunts the prior uptrend and continuing upward. This situation often ends with a “surprise” sharp recovery above the prior trend line, meaning we shall not be aghast if the market regains direction, finding itself above Red and creating a scenario where happy days are ahead. In summary, we can speculate any near term reversals shall prove a bit fake and short lived.
If we’re right, moves next above 8897 points should paint a picture of FTSE GAINS to an initial 9303 points with our Big Picture longer term secondary calculating at 9715 points.
Have a good weekend and enjoy the often messy Canadian Grant Prix. Or better still, watch the party atmosphere from the Le Mans 24 hrs, an event which always resonates with a “wish I could afford to be there” vibe. It’s one of these events, like OctoFest in Munich, or the Edinburgh Festival in Scotland, usually 5 days of pompous garbage overshadowed by a single 30 minute show.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:42:33PM | BRENT | 6997.3 | 6806 | 6704 | 6864 | 7007 | 7052 | 7134 | |||
| 11:50:19PM | GOLD | 3380.69 | 3338 | 3318 | 3377 | 3400 | 3413 | 3453 | Success | ||
| 10:54:41PM | FTSE | 8879.7 | 8826 | 8795 | 8874 | 8903 | 8917 | 8934 | ‘cess | ||
| 10:58:37PM | STOX50 | 5353.3 | 5338 | 5323 | 5364 | 5382 | 5399 | 5424 | ‘cess | ||
| 11:28:35PM | GERMANY | 23714.4 | 23613 | 23572 | 23739 | 23888 | 23979 | 24101 | ‘cess | ||
| 11:32:15PM | US500 | 6032.9 | 5983 | 5957 | 6017 | 6047 | 6053 | 6076 | |||
| 11:36:04PM | DOW | 42893 | 42556 | 42382 | 42813 | 42975 | 43006 | 43156 | ‘cess | ||
| 11:38:26PM | NASDAQ | 21854 | 21696 | 21579 | 21815 | 21952 | 21990 | 22032 | ‘cess | ||
| 11:41:16PM | JAPAN | 38112 | 37971 | 37837 | 38250 | 38302 | 38433 | 38584 |
12/06/2025 FTSE Closed at 8884 points. Change of 0.23%. Total value traded through LSE was: £ 5,329,195,268 a change of 0.82%
11/06/2025 FTSE Closed at 8864 points. Change of 0.12%. Total value traded through LSE was: £ 5,285,640,035 a change of 1.8%
10/06/2025 FTSE Closed at 8853 points. Change of 0.24%. Total value traded through LSE was: £ 5,192,375,156 a change of 15.94%
9/06/2025 FTSE Closed at 8832 points. Change of -0.06%. Total value traded through LSE was: £ 4,478,322,268 a change of 1.25%
6/06/2025 FTSE Closed at 8837 points. Change of 0.3%. Total value traded through LSE was: £ 4,423,165,966 a change of -14.16%
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% 
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:BT.A British Telecom** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:ITV ITV** **LSE:TSCO Tesco** **
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Updated charts published on : Anglo American, British Telecom, Firstgroup, Fresnillo, ITV, Tesco,
LSE:AAL Anglo American Close Mid-Price: 2133.5 Percentage Change: -0.44% Day High: 2138.5 Day Low: 2103
Continued weakness against AAL taking the price below 2103 calculates as ……..
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View Previous Anglo American & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 185.45 Percentage Change: + 2.57% Day High: 188.4 Day Low: 179.75
Target met. In the event of British Telecom enjoying further trades beyon ……..
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View Previous British Telecom & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 226.2 Percentage Change: + 3.86% Day High: 225.2 Day Low: 207
Further movement against Firstgroup ABOVE 225.2 should improve accelerati ……..
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View Previous Firstgroup & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 1414 Percentage Change: + 1.87% Day High: 1416 Day Low: 1384
Target met. All Fresnillo needs are mid-price trades ABOVE 1416 to improv ……..
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View Previous Fresnillo & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 82.6 Percentage Change: + 4.23% Day High: 83.45 Day Low: 79.15
In the event of ITV enjoying further trades beyond 83.45, the share shoul ……..
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View Previous ITV & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 391.6 Percentage Change: + 1.64% Day High: 397.6 Day Low: 385.6
Continued trades against TSCO with a mid-price ABOVE 397.6 should improve ……..
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View Previous Tesco & Big Picture ***