Author: T&T Staff

#Gold #WallSt Quite a few contenders have popped up in the “Me Too” stakes with Covid-19. It’s probably worth examining Omega’s website as they are not exactly new to the diagnostic game, a company with which we were already familiar due to their work in the allergen field. All it took was a global pandemic to make their share price “sexy” and of interest to traders!

 

We’re able to identify a key trigger level at 73.5p, our software assuring us movement above this level should produce results. At present, the share is trading around the 65p level, so it’s doubtless worth keeping an eye open in the days ahead.

Should the price exceed 73.5p, we’re able to calculate an initial target level at 87p with secondary, if exceeded, working out at a longer term (or next day in current conditions!) 93p. The secondary is especially interesting, representing a new all time high for the share and taking it into a region where we can present a distant looking 114p as the highest level we can actually calculate. Please remember, there is absolutely no rule inhibiting a share price bettering our “maximum” levels but invariably this will represent a point around which some turbulence is possible.

 

For it all to go wrong, we’d certainly raise an eyebrow if the price managed below Red on the chart. Despite present trading conditions often greatly diluting the effects of pretty trend lines, weakness below the 50p level would be a worry, carrying the risk of reversal to 38p and hopefully a proper bounce. The implications, should 38p break, calculate as dire and suggest something quite dreadful would need occur to justify our ultimate bottom number of 3.6p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:09:58PM	BRENT	42.24									‘cess
9:12:59PM	GOLD	1928.91	1923	1902	1872	1934	1941	1950.5	1962	1930
9:19:00PM	FTSE	5940									Success
9:24:49PM	FRANCE	5054.9
9:26:55PM	GERMANY	13132
9:28:59PM	US500	3433.97
9:31:18PM	DOW	28309	27982	27826	27369	28225	28363	28387	28550	28163	Shambles
9:33:08PM	NASDAQ	11503
9:34:24PM	JAPAN	23184

7/09/2020 FTSE Closed at 5937 points. Change of 2.38%. Total value traded through LSE was: £ 3,081,866,920 a change of -35.14%

4/09/2020 FTSE Closed at 5799 points. Change of -0.87%. Total value traded through LSE was: £ 4,751,494,897 a change of 11.8%

3/09/2020 FTSE Closed at 5850 points. Change of -1.52%. Total value traded through LSE was: £ 4,250,184,579 a change of -2.94%

2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%

1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%

27/08/2020 FTSE Closed at 5999 points. Change of -100%. Total value traded through LSE was: £ 3,467,869,882 a change of 0%

#Brent #Germany At risk of sounding like a Xmas cracker, we’re returning to our favourite “When is a Trend NOT a Trend?” subject, especially as the retail banks continue to prove neither uptrends nor downtrends dare be trusted. #Barclays has delivered a perfect ‘case in point’, recent price movements tending rubbish any immediate notion as to what’s actually going on!

 

The illustrations below deal with two recent Barclays scenario, where both the uptrend and downtrend lied. We’ve a fairly big rule, in house, about the price level when a share price breaks trend. Basically, this is the point when you no longer dare assume a share price intends move in whatever direction is suggested. In the case of “When the UPTREND tells lies”, it’s pretty straightforward as Barclays share price broke trend at 105p. This carried the immediate threat of some true reversals about to occur. However, the very next day, the share price recovered above the trend and this suggests only one thing. The Red line, the uptrend since March, was incorrect as the market isn’t really paying any attention to it.

What’s the solution?

Redraw the line, adjusting the bottom level against the recent low. It now implies Barclays must next trade below 104p before raising an eyebrow. We prefer a more logical approach, demanding the share trade below the previous trend break low before panic, in this case insisting on 103p breaking before becoming pretty certain some reversals are really coming. More on this below.

Equally, there’s the BLUE downtrend, again the source of recent trend malpractice with Barclays…

This particular line since June really looked convincing, suggesting the share price needed break 110p to provide a convincing break of the trend. Folk who read our last analysis from mid-August would be aware, we’d demanded the price really needed better 114p to be taken seriously as we already distrusted the downtrend. This proved to be the case, the share price managing to break trend and soar, uselessly, to 112.7 before once again retreating below Blue. It was clear the downtrend did not merit any level of trust, so we adjusted it. Barclays now needs exceed 112p to break above trend, unfortunately just a box ticking exercise as our software now demand the share price exceeds 117.5p before we dare suspect moves have any integrity.

Finally, we can move to our immediate thoughts for Barclays share price.

Above 117.5p should now prove capable of a lift to an initial 120.5p with secondary, if exceeded, a rather more useful looking 125p. Our interest in the 125p target level is piqued, due to this potentially allowing the price to CLOSE above a series of previous highs in July, potentially creating a higher-high situation which will signal some proper price recovery toward 142p.

The flip side of the coin comes with the 103p level as mentioned in our opening paragraphs. Movement below this level now risks triggering reversal to an initial 95p with secondary, when (or if) broken at 85p and hopefully a rebound. The implications below 85p are quite difficult to believe, challenging the lows of the financial sector crash from 2009.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
7:21:58AM	BRENT	42.48	42.4	41.96	41.5	43	43.6	43.815	44.28	42.72	Shambles
7:45:58AM	GOLD	1934
3:07:29PM	FTSE	5829									Shambles
3:12:57PM	FRANCE	5006									Success
3:15:43PM	GERMANY	12932	12901	12802	12693	13017	13100	13147.5	13281	12905	Shambles
3:18:01PM	US500	3415									Success
3:21:32PM	DOW	28079									‘cess
3:24:03PM	NASDAQ	11543									Success
3:28:38PM	JAPAN	23173

4/09/2020 FTSE Closed at 5799 points. Change of -0.87%. Total value traded through LSE was: £ 4,751,494,897 a change of 11.8%

3/09/2020 FTSE Closed at 5850 points. Change of -1.52%. Total value traded through LSE was: £ 4,250,184,579 a change of -2.94%

2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%

1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%

#FTSE #DOW The whole Brexit & Lockdown thing has certainly brought reason for nerves but, with  a massive lobster proving an unexpected guest at the dinner table tonight, it began to appear every cloud indeed has a silver lining. Local shellfish boats, previously used to exporting their catch, have adopted a business model of selling it locally. To their surprise, they’re working fewer hours and apparently making more money.

As someone, extremely allergic to shellfish, it was awesome watching my other half murder a pretty energetic crustacean, an animal I’d suspected was about to become another unwanted family pet. This thought was misplaced, her love of lobster overcoming her love of wildlife. The thing, amazingly, produced sufficient meat to ensure the cats and dogs buried the hatchet as they prowled around the floor demanding scraps from the dinner table. Meanwhile, I enjoyed my lamb chops!

The interesting thing with the foregoing was how we’re seeing business’ adapt to a completely changing situation. The two girls who run the fishing boat typically would head out by 6am, their modern blue boat loaded with creels and traps. Often, we’d not see them return until early evening in their exhaustive quest to have a catch ready for the refrigerated truck which ultimately headed to Spain. Now they’ve discovered a local market (one which was always present) for scallops, crab, langoustine, and lobster, they’ve also discovered a family life is possible.

The point behind this tale is fairly straightforward, it can be worthwhile embracing change, something we feel certain many city centre commercial landlords, pubs, coffee and sandwich bars, are going to need face in the months and years ahead.

 

However, the markets opted for a “the sky is falling” stance on Thursday as the day progressed, one which looks capable of carrying forward into Friday. Perhaps Wall St is sending a contradictory signal but we suspect, if this is the case, things shall only improve for Europe once the USA awakens.

Near term, we shall have concerns should the FTSE manage to trade below 5830 as it risks starting a cycle toward 5713 points. If broken, our secondary calculates at  5605 points and hopefully a rebound, thanks to the risk of further reductions in 100 point increments!

 

The converse argument is less confident, needing the UK index to trade above 5872 points to give some hope of recovery, allowing movement to an initial 5900 points with secondary, if exceeded, a rather less confident looking 5955 points.

Just to make things more fun, it’s also the first Friday of the new month, US Payrolls day and thus, capable of lunatic swings around 1.30pm. As the aforementioned lobster commented, before its swimming lesson in boiling water, we live in interesting times.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:26:06PM	BRENT	44.18	43.24	42.76		44.23	44.55	44.905		43.63	‘cess
10:28:12PM	GOLD	1931.01	1921	1913		1937	1946	1952		1927	‘cess
10:31:40PM	FTSE	5819.81	5793	5763		5843	5860	5913		5814	Success
10:45:02PM	FRANCE	4975.7	4969	4946		5000	5007	5015.5		4969	Success
10:49:56PM	GERMANY	13002	12932	12814		13046	13072	13179		12976	Success
10:52:55PM	US500	3457.62	3425	3383		3470	3494	3519		3440	Success
10:56:37PM	DOW	28307	28070	27855.5		28330	28508	28574		28291	Shambles
11:00:39PM	NASDAQ	11756	11718	11665		11850	11915	12028.5		11755	Success
11:04:14PM	JAPAN	23034	22958	22922		23106	23155	23294		23024	Shambles

 

3/09/2020 FTSE Closed at 5850 points. Change of -1.52%. Total value traded through LSE was: £ 4,250,184,579 a change of -2.94%

2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%

1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%

25/08/2020 FTSE Closed at 6037 points. Change of -100%. Total value traded through LSE was: £ 3,506,401,056 a change of 0%

 

Section One – Outlook Updated Today.

: LSE:AGM Applied Graphene** **LSE:AVCT Avacta** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:PMO Premier** **

#SP500 #Japan Finally, we got around to actually testing a companies product, abandoning our usual aloof stance of just looking at numbers. In fairness, it was completely by accident, the local shop running out of Schweppes Tonic Water. Suddenly discovering dark rum was being mixed with Fevertree’s product, it was inevitable a glance was taken at their share price movements since our update last January.

 

Importantly, in our previous analysis of Fevertree, we’d given a drop target of 983p, warning movement below such a level risked taking the share into the grasp of an eventual 159p! We’ve noticed with many shares, despite some drop targets breaking due to the Covid-19 drop in mid-March of this year, price movements in the period since the exaggerated drop have tended eradicate threats of leaks down to ultimate bottom levels. This is certainly the case with Fevertree, the company share price requiring CLOSE a session below 1,870p before we’d dare express any sort of nerves for the future.

Closure below 1,870 would not be great, now calculating with the potential of reversal to an initial 1,460 with secondary, if broken, at a bottom (hopefully) of 1,277. Thankfully, absolutely nothing at present suggests such a risk.

 

Instead, we shall be quite interested should the price manage to trade above 2,135p as a cycle toward an initial 2,800p looks possible. If exceeded, our secondary calculation at 3,279p makes a lot of sense visually.

 

As for the companies Tonic Water, it proved as acceptable as the traditional Schweppes product!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:47:53PM	BRENT	44.5									‘cess
9:50:52PM	GOLD	1943.44									Success
10:14:52PM	FTSE	5961									Success
10:16:36PM	FRANCE	5069									Success
10:18:58PM	GERMANY	13345									Success
10:25:58PM	US500	3578	3555	3544.5	3530	3568	3588	3594	3618	3555	Success
10:28:09PM	DOW	29097									Success
10:29:40PM	NASDAQ	12410									Success
10:35:20PM	JAPAN	23498	23243	23191	23082	23366	23516	23579	23725	23350	Success

 

2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%

1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%

25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%

24/08/2020 FTSE Closed at 6104 points. Change of -100%. Total value traded through LSE was: £ 3,095,099,740 a change of 0%

#Gold #SP500 #Tullow has certainly not had to seek troubles. Trading above 16 quid back in 2012, the shares could be picked up for 7.5p in March of this year, the Covid-19 drop finally delivering a price level which shall hopefully be regarded as “bottom”. Despite the bounce from 7.5p proving very slightly useful, we’ve ample reason for concern at the chosen trajectory.

To be blunt, it’s heading down again!

 

Crude oil prices are proving a concern as Brent, for instance, is supposed to be heading to the 50 US dollar mark, this being a logical level for a bit of a pause on its way to the 55 dollar level. Unfortunately, the last two months have witnessed Brent making insipid movements and this lack of “bubbling to the surface” appears to be infecting the oil sector with a considerable doze of nerves. Perhaps too frequently, we whine about what to expect, if a price refuses to go up but unfortunately, this often appears the case when gravity rears its ugly head.

In the case of Tullow, we don’t need worry about gravity but instead, cold visuals on the chart.  The downtrend since the start of December, 2019, has been quite vivid and the market appears rigid in ensuring Tullow doesn’t break trend. At time of writing, Tullow is trading around the 21p and we feel we can only identify a trigger level at 27p as a point above which some hope is possible.

Above 27p calculates with an initial ambition of 35p with secondary, if exceeded, at 42p. In fact, should the 42p level be achieved, there’s a serious risk it could be ignored with a frenzied rise to 56p kicking into life.

 

Unfortunately, as mentioned earlier, Tullow feels destined to head downward. Below 20p looks very capable of producing some reversals to an initial 15p with secondary, if broken, at a hopeful bottom of 10p. Should this scenario appear, a bunch of folk are liable to shout “Double Bottom”, taking Long positions, driving some price recovery. We can hope so, anyway!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:17:19PM	BRENT	45.85
9:19:00PM	GOLD	1970.1	1963	1951	1937	1977	1993	2009	2043	1978	‘cess
9:26:42PM	FTSE	5872									Success
9:51:40PM	FRANCE	4938.7									‘cess
9:53:26PM	GERMANY	13006.47									‘cess
9:55:38PM	US500	3531.57	3493	3486	3470	3511	3534	3539	3557	3514	Success
9:58:18PM	DOW	28673									‘cess
9:59:46PM	NASDAQ	12331									Success
10:01:46PM	JAPAN	23213

1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%

25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%

24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%

21/08/2020 FTSE Closed at 6001 points. Change of -100%. Total value traded through LSE was: £ 3,796,928,950 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.

 LSE:AGM Applied Graphene** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:HSBA HSBC** **LSE:KAZ Kaz Minerals** **LSE:NG. National Glug** **LSE:PMO Premier** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **

#Brent #Dax As we enter September, it appears, finally, some good news may be coming. #Natwest share price has achieved the unthinkable, finally managing to close a session above the downtrend (see inset on chart) since last year. That’s the end of the good news as, in these pandemic days, we’re tending to distrust anything as straightforward as a line on a chart! A misplaced comment, an untidy cough, or a twitter storm seems sufficient to damage logic.

At present, we calculate Natwest as requiring to trade above 117.5p to signal a possibility of relief as this works out with an initial target of 124p with secondary, if exceeded, a visually pleasing 135p. Only with closure above 135p shall we feel justified in believing some true recovery has commenced, perhaps even the first grasp on a cliff face which can take the share price toward the 200p level. Unfortunately, when we review the pace of descent in the last year, any true price recovery is going to take some sort of miracle.

 

If things intend go wrong for Natwest, trades below 109p in the coming week risk ringing alarm bells as reversal to 101p (again) makes a lot of sense. Worse still, should 101p break, our secondary is now at 90p, risking taking the share through a trapdoor to around the 50p level eventually.

In normal times, we’d be pretty relaxed and promoting the possibility of some recovery but unfortunately, times are not normal and it’s impossible to forget Natwest (aka RBS) remains flirting with the all time low price level achieved in March 2009. The unpleasant reality generates a reminder of the market truism; “If it ain’t going up, it’s going down.”

 

FUTURES

Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
BRENT	45.62	45.25	45.095	44.62	45.78	46.58	46.95	47.58	45.63
GOLD	1967
FTSE	5987
FRANCE	4940
GERMANY	12938	12902	12887	12798	12993	13098	13124	13198	12955
US500	3495.57
DOW	28416
NASDAQ	12107
JAPAN	23053

 

 

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%

25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%

24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%

21/08/2020 FTSE Closed at 6001 points. Change of -0.2%. Total value traded through LSE was: £ 3,796,928,950 a change of -1.91%

20/08/2020 FTSE Closed at 6013 points. Change of -1.6%. Total value traded through LSE was: £ 3,870,716,769 a change of 8.2%

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…

: LSE:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:NG. National Glug** **LSE:TLW Tullow** **

#FTSE #DAX Numbers are important. It’s 2 days until the next Grand Prix, 2 weeks ago my heart decided to try a different beat rather than “The Rhythm of Life” and the FTSE nearly closed 2 points below its last lowest low. Okay, 1.9 points for the pedants.

 

We’ve a thing about “lower lows”, even when they appear contrived. Quite how the FTSE managed to close a session at 5999.99 points amazed us but yes, it was below the prior low on August 21st of 6001.89 points. This means we must now prepare for the worst, despite the market almost being at the end of the month, along with the UK facing a holiday weekend of traffic jams, effectively ‘enjoying’ the final bank holiday of the year.

 

So what does this danger signal mean?

 

Apparently movement next below 5,988 points should trigger a reversal cycle toward an initial 5,895 points with secondary, when broken, at a bottom hopefully of 5,758 points. What fascinates about this large haul of points is the tightest Stop level working out at 6,042 points. We’re smelling a bit of a rat, thanks to it being the end of a month, a holiday weekend, a Friday, and a more than reasonable “Risk/Reward” scenario. Historically, the UK stock market isn’t a generous entity!

And what happens, if the market indeed makes it above 6,042 points? We’re looking for recovery to a fairly tame 6,058 points initially with secondary, if exceeded, a more promising 6,110 points.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:20:50PM	BRENT	45.63	45.27	45.095		45.85	46.32	46.58		45.57	Success
9:22:41PM	GOLD	1928	1918	1908		1936	1936	1940.5		1921	Success
9:42:46PM	FTSE	6016	5985	5970.5		6020	6062	6075		6023
9:49:11PM	FRANCE	4999.5	4985	4970		5021	5049	5064.5		5003
9:51:17PM	GERMANY	13086.09	13050	13001.5		13120	13147	13169.5		13077
9:54:00PM	US500	3488	3467	3454		3497	3502	3511		3477
9:57:39PM	DOW	28532	28267	28125		28476	28638	28678		28521	Success
10:01:44PM	NASDAQ	11950	11837	11784.5		11983	12050	12110		11870	‘cess
10:03:36PM	JAPAN	23243	23141	23074		23225	23276	23322.5		23176

 

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%

25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%

24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%

21/08/2020 FTSE Closed at 6001 points. Change of -0.2%. Total value traded through LSE was: £ 3,796,928,950 a change of -1.91%

20/08/2020 FTSE Closed at 6013 points. Change of -1.6%. Total value traded through LSE was: £ 3,870,716,769 a change of 8.2%

19/08/2020 FTSE Closed at 6111 points. Change of 0.58%. Total value traded through LSE was: £ 3,577,441,706 a change of -6.9%