GOLD and FTSE for FRIDAY 24/07/2020

#FTSE #GOLD We last reviewed #Gold on 22nd April (link) at 1702 dollars, casually mentioning 1909 dollars as a potential “top”. At time of writing, Gold futures achieved 1900 dollars and we’re starting to wonder if the metal shall melt or go higher? We’ve some pretty firm reasons to expect hesitation around the 1900 dollar level but, hopefully sensibly, decided to try a “what if” scenario should 1909 dollars be exceeded.

In the event of 1909 being left in the dust, further movement to an initial 1923 dollars is now expected with secondary, if bettered, calculating at a new top of 2055 dollars. To be blunt, should such a level appear, the market almost must experience some reversals, if only to gather sufficient oomph for further climbs in the future.

 

However, the visuals give ample reason to anticipate some reversals anytime now. Many folk trading Gold will notice the prior All Time High back in September 2011 when the price achieved 1919 dollars. This alone will introduce selling pressure as most chart packages will easily produce a 10 year picture, warning a prior high is doubtless making its presence felt.

In addition, there’s the Bloomberg Pundit effect where a bunch of market analysts are queuing up to predict the US markets are about to drop and thus, the only safe thing to do is buy Gold. Over the years, we’ve learned to distrust these folks opinions, usually expecting the exact opposite of what someone is being paid to say. Perhaps this has been the reason for the immediate surge in Gold prices but visually, there’s ample reason to expect some Gold volatility around the 1900 dollar level. The perceived “connect” between Gold prices and stock market index movements has long been the source of losses for traders.

Reversals in Gold now below 1862 should produce some early warning for trouble, allowing reversals to an initial 1843 with secondary, if broken, at a surprising 1797 dollars. Should 1797 make an appearance, we’d hope for a proper rebound as the implications below are unpleasant at around 1700 dollars.

Hey, chart goes here

FTSE for FRIDAY (FTSE:UKX) As Boris Johnston undertook what some in the media were calling his “Farewell Tour of Scotland” with photo and media opportunities on one of the least populated areas (Orkney), it seemed only fitting for the FTSE to experience slight hysterics. To be fair, the reversals seemed pretty under control and it looks like the index itself needs break below 6,200 to become a little bit troublesome. Such an event risks triggering reversal to an unimpressive 6,169 points with secondary, if broken, calculating down at 6,130 points. The market closed Thursday at 6,211 points.

If triggered, the tightest stop appears to be 6,250 points but we suspect, if the movement triggers, falls are liable to be fairly sharp. As the Red line suggests, some sort of rebound should be expected if 6,130 makes an appearance.

 

What happens if the FTSE makes it above 6,250 and the immediate Blue downtrend?

Above 6,250 should prove capable of some recovery to an initial 6,288 points with secondary, if exceeded, working out at a more impressive and confident 6,298 points.

As always, please remember we are discussing the FTSE and NOT after hours futures.

Have a good weekend.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:16:17PM BRENT 43.64 43.4 43.245 44.05 44.65 45.125 43.85 ‘cess
10:18:19PM GOLD 1888 1870 1866 1890 1899 1909 1888 ‘cess
10:22:35PM FTSE 6173.56 6161 6133.5 6195 6179 6237 6150 ‘cess
10:32:16PM FRANCE 4991.2 4976 4959 5038 5047 5069 5015 ‘cess
10:39:43PM GERMANY 13006.54 12950 12905 13008 13044 13080.5 12968 Shambles
10:42:22PM US500 3238 3222 3204.5 3242 3268 3276 3252 ‘cess
10:49:53PM DOW 26641 26545 26483 26655 26700 26766.5 26590 Success
10:52:52PM NASDAQ 10581 10530 10451 10624 10655 10711.5 10584 Success
10:55:28PM JAPAN 22549 22474 22438 22572 22620 22657.5 22505 Success

23/07/2020 FTSE Closed at 6211 points. Change of 0.06%. Total value traded through LSE was: £ 4,260,959,883 a change of -10.5%
22/07/2020 FTSE Closed at 6207 points. Change of -0.99%. Total value traded through LSE was: £ 4,760,873,416 a change of -15.1%
21/07/2020 FTSE Closed at 6269 points. Change of 0.13%. Total value traded through LSE was: £ 5,607,940,554 a change of 26.84%
20/07/2020 FTSE Closed at 6261 points. Change of -0.46%. Total value traded through LSE was: £ 4,421,196,230 a change of -0.8%
17/07/2020 FTSE Closed at 6290 points. Change of 0.64%. Total value traded through LSE was: £ 4,456,693,938 a change of 6.54%
16/07/2020 FTSE Closed at 6250 points. Change of -0.67%. Total value traded through LSE was: £ 4,183,257,766 a change of -22.26%
15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%

Frasers & MobilityOne for 23/07/2020

#Gold #Nasdaq A share which, at one point, achieved a 1,200%+ rise in a single day deserves mention. MobilityOne, declining from its high of 57p managed to close the session at 15.5p, up a magnificent 244% from its opening price of 4.5p. This AIM share looks painfully capable of describing “Pump & Dump” characteristics and we’d guess it was perhaps hyped in an internet chatroom.

From looking at the price movement trajectory from noon when it all kicked off, we’d now be alarmed should the price wither below 10p as reversal to 2.8p looks possible. We cannot calculate below such a point. About the only saving grace, if this is indeed the victim of “enthusiastic conversations”, usually a price will once again surge upward while a number of true believers again get excited. The price needs above 23.7 to perhaps justify 33p, then we’d suspect relaxation again. The share now needs trade above 57p to give any sort of hope the movement was based on anything factual.

In this instance, we’re not bothering with a chart. The single day price movement looks as interesting as a long dead tree, alone in a desert of sand.

 

Frasers Group Mr Ashley’s plans to use Frasers to create a “Harrods of the High St” must have taken a fairly solid hit, thanks to Covid-19. The UK government, ignoring his request for alleviation of business rates, certainly isn’t helping any idea of a return to normality with the end of lockdown. The Frasers Group announcement that they shall not be making any rental payments in respect of occupied property until the level of trade reaches the point at which the parties envisaged, when they drew up the lease, also makes quite a lot of sense. All things considered, it’s doubtless not been a fun year for many landlords with retail properties.

Presently trading around 282p, the share needs exceed 290 to give some hope for recovery, allowing an initial 302p with secondary, if exceeded, a trend testing 323p. Visually, achieving the 323p level also comes with a promise of hesitation, due to prior highs.

The share price needs sell itself below 275 to cause alarm as this calculates with a reversal potential at 247p initially with secondary, if broken, down at a bottom (hopefully) of 221p. We suspect it intends 221p before things get better.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:04:42PM BRENT 44.53
10:08:17PM GOLD 1872.15 1846 1841.5 1831 1859 1873 1892 1933 1852 Success
10:10:59PM FTSE 6210.87 Success
10:13:26PM FRANCE 5051.2 ‘cess
10:16:39PM GERMANY 13144 Shambles
10:18:43PM US500 3275.82 ‘cess
10:22:34PM DOW 26995 Success
10:24:16PM NASDAQ 10856 10777 10746.5 10637 10900 10935 10961.5 11023 10800 Shambles
10:26:34PM JAPAN 22772
22/07/2020 FTSE Closed at 6207 points. Change of -0.99%. Total value traded through LSE was: £ 4,760,873,416 a change of -15.1%
21/07/2020 FTSE Closed at 6269 points. Change of 0.13%. Total value traded through LSE was: £ 5,607,940,554 a change of 26.84%
20/07/2020 FTSE Closed at 6261 points. Change of -0.46%. Total value traded through LSE was: £ 4,421,196,230 a change of -0.8%
17/07/2020 FTSE Closed at 6290 points. Change of 0.64%. Total value traded through LSE was: £ 4,456,693,938 a change of 6.54%
16/07/2020 FTSE Closed at 6250 points. Change of -0.67%. Total value traded through LSE was: £ 4,183,257,766 a change of -22.26%
15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%
14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%

G4S for 22/07/2020

#FTSE #DOW It’s not difficult to imagine security company #G4S salivating about potential opportunities, once full border controls are required following Brexit. Perhaps they shall be contracted to man a liquid border down the middle of the Irish Sea, once Northern Ireland finds itself effectively tossed out of the UK. There was something occurred due to the Covid-19 drop in March which perhaps suggests potentials for the future.

All our conventional calculations provided a drop target of 43p against this share but the lowest achieved turned out to be 69p and it has certainly rebounded in the intervening period. We wonder if the market suspects an inherent strength for the share price? If this is the case, we’re going to play relatively sane, allocating 150p as a trigger level which should provoke further price recovery to some surprising levels.

In the event the price closes a session above 150p, we’re expecting moves toward an initial 175p where a challenge of the downtrend since 2017 looks certain. Should this initial ambition be exceeded, things start to become a little “game changing” as further travel to 250p becomes possible. This is thanks to a longer term prospect appearing, up at 343p and effectively matching the all time high.

 

We’ve opted to emplace a wide trigger level as only above 150p shall we feel the share price has dusted off the effects of Covid-19 and intends embrace the future.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:10:06PM BRENT 44.42 Success
9:13:22PM GOLD 1841.21 Success
9:16:36PM FTSE 6254 6238 6229 6200 6272 6316 6333 6372 6270 ‘cess
9:20:29PM FRANCE 5070.5 Success
9:23:29PM GERMANY 13104.08 Success
9:26:43PM NASDAQ 10864 Shambles
9:28:37PM US500 3259.62 Success
9:34:55PM DOW 26835 26762 26731 26632 26886 26890 26935 26992 26801 Success
9:37:21PM JAPAN 22732 ‘cess

 

21/07/2020 FTSE Closed at 6269 points. Change of 0.13%. Total value traded through LSE was: £ 5,607,940,554 a change of 26.84%
20/07/2020 FTSE Closed at 6261 points. Change of -0.46%. Total value traded through LSE was: £ 4,421,196,230 a change of -0.8%
17/07/2020 FTSE Closed at 6290 points. Change of 0.64%. Total value traded through LSE was: £ 4,456,693,938 a change of 6.54%
16/07/2020 FTSE Closed at 6250 points. Change of -0.67%. Total value traded through LSE was: £ 4,183,257,766 a change of -22.26%
15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%
14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%
13/07/2020 FTSE Closed at 6176 points. Change of 1.33%. Total value traded through LSE was: £ 3,893,865,356 a change of -14.27%

Synairgen for 21/07/2020

#Gold #SP500 #Synairgen, by following Stock Market rules, ensured we received a pile of emails regard their wild price movements. The company were obliged to report preliminary results of a Covid-19 trial and there is no doubt genuine reason for excitement was given. Obviously, the usual caveats apply as their work has not been “peer reviewed” nor, obviously, has all the data been made available. But a glance at the figures certainly promotes encouragement.

 

It’s important to remember the caveats. Many folk will retain painful memories of the “Desire Petroleum” clause; on a Monday, they announced discovery of oil but by Wednesday, conceded initial test results were wrong and it was, in fact, water! Needless to say, the share price never recovered from this little whoops.

With Synairgen closing the session 153% up, a glance at their news tended confirm solid reasons for market optimism. With 101 folk involved, half the participants were given the treatment across 9 different hospitals. The other half were given a placebo and police are wanting to question the scientist who dissected the spare person into two! Kidding aside, reading the results certainly gives hope for the future and Synairgen CEO was quoted as saying, “We couldn’t have expected much better results than these”

Personally speaking, the idea of a treatment which deals with the asthmatic terror of ‘cannot catch my next breath’ aspect of coughing fits is to be welcomed and doubtless explains some bias when reading their news.

 

On the basis the hype is completely genuine, we can calculate some fairly useful potentials for their share price. Movement next exceeding 238p (doubtless possible as the company featured on major evening news bulletins) looks very capable of reaching an initial lame 250p. If exceeded, secondary calculates at 293p but to be realistic, the price could runaway higher to 333p without too much difficulty. There’s absolutely no rule stopping the price bettering 333p, aside from the fact we cannot presently count any higher.

 

If it’s all going wrong, we’d be concerned if the price found an excuse to relax below 138p as this permits relaxation to 105 initially with secondary, if broken, at 52p.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:08:45PM BRENT 43.38 ‘cess
10:10:26PM GOLD 1817.89 1805 1800 1793 1813 1821 1824 1828 1811 ‘cess
10:12:02PM FTSE 6267.53 Sorry
10:44:10PM FRANCE 5093.7 ‘cess
10:46:37PM GERMANY 13085 Shambles
10:48:28PM US500 3252.52 3211 3191 3169 3238 3259 3265.25 3275 3231 Success
10:50:18PM DOW 26739 Success
10:52:29PM NASDAQ 10957 Success
10:58:19PM JAPAN 22787 ‘cess

20/07/2020 FTSE Closed at 6261 points. Change of -0.46%. Total value traded through LSE was: £ 4,421,196,230 a change of -0.8%
17/07/2020 FTSE Closed at 6290 points. Change of 0.64%. Total value traded through LSE was: £ 4,456,693,938 a change of 6.54%
16/07/2020 FTSE Closed at 6250 points. Change of -0.67%. Total value traded through LSE was: £ 4,183,257,766 a change of -22.26%
15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%
14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%
13/07/2020 FTSE Closed at 6176 points. Change of 1.33%. Total value traded through LSE was: £ 3,893,865,356 a change of -14.27%
10/07/2020 FTSE Closed at 6095 points. Change of 0.76%. Total value traded through LSE was: £ 4,542,024,650 a change of -0.44%

Lloyds Banking for 20/07/2020

#Brent #Dax Fundamentals are important. This was proven pretty conclusively by the Comet Neowise, our 21st Century harbinger of doom. A plan at the weekend to photograph the Comet came to perfection at 4am on Sunday morning. With camera fully charged and tripod mounted, binoculars in hand, and of course, a map of the stars showing where the Comet would appear, every single criteria had been met.

After locating “The Big Dipper” and its cousin, “The Little Dipper”, according to the star map the Comet would appear just an inch below and slightly to the left of the constellations. Unfortunately, this was to prove the point where Scotland stuck an oar in, thanks to the sodding mountain in the back garden. Quite literally, everything to the left of the Big Dipper obscured by something tourists call scenery. Needless to say, at 4am, quite a different description was employed. The comet remained unphotographed!

 

We’re obviously devotees of “The Trend” but, despite the mountain behind the house, suggest it’s always important to pay attention to fundamentals too. Often, it can be the case where internet chatroom positively drools over a Goose about to lay a Golden Egg, when a little bit of research will discover the Goose is actually a very small male duck. This is the reason we’ll often give quite wide trigger parameters when disclosing trading scenario, in the hope if something actually happens, it’s not the result of gossip but rather a trading position based on facts.

 

This, of course, brings us to Lloyds Bank!

 

According to “The Trend” , Lloyds Bank share price should make some sort of movement pretty soon as it’s within days of colliding with the Blue downtrend, presently at 32.345p. The reason for movement is pretty basic, we’re not the only folk capable of drawing a line and should the price meander above the trend, it’s liable to provoke some quite “un-Lloyds” behaviour. Initially, we’d hope to witness traffic in the direction of an initial 34.5p with secondary, if exceeded, at 37p. Visually, there’s a reasonable expectation of the 37p level provoking some sort of hesitation, due to this ambition matching the level of a few prior highs.

Only with closure above the 37p level shall we feel (relatively) safe in believing things have changed with Lloyds share price and some real optimism is permitted for the longer term.

A word of caution as there’s a risk the market may chose to play a little game with traders. In the event the share price is miraculously spiked above the Blue downtrend in the opening second of trade in the days ahead, there’s an enhanced risk of it being a “gotcha” ploy, one very capable of provoking reversals to an initial 28.25 with secondary calculating at a frightening 24p.

Regardess, it feels like Lloyds are about to make a movement in the week ahead. Fingers crossed it’s in the correct direction.

 

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
12:06:55PM BRENT 43.24 42.73 42.535 42.07 43.39 43.55 43.735 44.07 42.97 Success
12:08:51PM GOLD 1810.39
12:11:27PM FTSE 6299.29 ‘cess
12:13:01PM FRANCE 5085 ‘cess
1:02:26PM GERMANY 12970 12867 12771 12694 12954 12980 12999 13043 12917 ‘cess
1:03:55PM US500 3222.37 ‘cess
1:05:52PM DOW 26641
1:07:44PM NASDAQ 10637
1:09:44PM JAPAN 22671 ‘cess

17/07/2020 FTSE Closed at 6290 points. Change of 0.64%. Total value traded through LSE was: £ 4,456,693,938 a change of 6.54%
16/07/2020 FTSE Closed at 6250 points. Change of -0.67%. Total value traded through LSE was: £ 4,183,257,766 a change of -22.26%
15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%
14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%
13/07/2020 FTSE Closed at 6176 points. Change of 1.33%. Total value traded through LSE was: £ 3,893,865,356 a change of -14.27%
10/07/2020 FTSE Closed at 6095 points. Change of 0.76%. Total value traded through LSE was: £ 4,542,024,650 a change of -0.44%
9/07/2020 FTSE Closed at 6049 points. Change of -1.74%. Total value traded through LSE was: £ 4,562,272,376 a change of 3.26%

FTSE FRIDAY & Bitcoin too 17/07/2020

#FTSE #Bitcoin Does a shoe make a noise, if it’s dropped in a forest with no-one to hear? The origin of the saying, “Waiting for the other shoe to drop”, turns out to be pretty obvious. Once upon a time, people stayed in residences without carpets and thin ceilings. When an upstairs neighbour took off a shoe and dropped it, eager anticipation of the next one falling started.  Except for one bloke who’s upstairs neighbour only had one leg. Reportedly, his head eventually exploded.

This, obviously, has everything to do with Bitcoin USD as it’s a crypto which feels trapped, failing to make any conclusive move. In fact, it could be said we’re ‘waiting for the other shoe to drop!’.

The problem with Bitcoin is highlighted by Blue on the chart as considerable effort has been employed since April to stop the crypto taking any advantage from the supposed Covid bounce. Instead, the price has essentially stabilised at pre-Covid19 levels, promoting suspicions it intends some reversal. This being the case, we shall be interested should it drop below 8810 as this looks capable of triggering reversal to an initial 7853 with secondary, if broken, down at 7063 and hopefully a bounce.

An alternate scenario questions what’s possible, should the price exceed 9750, presently the level of the Blue downtrend. Such a surprise calculates an initial ambition at 10094 with secondary, if bettered, at 11401 dollars. Above this point and it appears pretty certain 13,900 shall provide some sort of glass ceiling.

Hey, chart goes here

FTSE for Friday. It’s time for a deep breath and an admission we’re pretty far from confident regarding the markets intentions for Friday. At time of writing, it appears pretty certain London shall open and trade but aside from that, in many ways it’s like trying to decide which direction a butterfly plans next. Of course, there’s an excuse for market gains but we’d prefer see the UK index trade above 6297 to trigger them.

Moves next above 6297 calculate with the potential of further recovery to an initial 6363 points with secondary, if exceeded, at an unlikely sounding 6470 points. Visually, it just looks like an awful lot to expect in a single day but who knows, closure above the prior high will make it a pretty confident sounding ambition for sometime next week.

 

Unfortunately, for Friday we’ve a fairly solid argument suggesting some relaxation is possible. Weakness below 6225 risks reversal to an initial 6129 points with secondary, if broken, at 6085 points. We’re obliged to dust down this scenario, thanks to the market breaking the immediate Blue downtrend on Wednesday, then following this up by shuffling below the point of trend break on Thursday. This is rarely an encouraging signal and forces us to expect the worst.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:20:48PM BRENT 43.37 43.31 43.095 43.83 43.84 44.01 43.21
9:24:39PM GOLD 1796.1 1794 1789 1802 1810 1813.5 1802 ‘cess
9:27:30PM FTSE 6252.02 6238 6227.5 6280 6297 6312 6249
9:29:12PM FRANCE 5090 5074 5056 5106 5105 5112 5074
9:31:09PM GERMANY 12860 12830 12783 12920 12922 12940 12848
9:49:42PM US500 3206.77 3197 3185.5 3216 3221 3227 3198
10:05:00PM DOW 26698 26656 26595 26760 26889 27025 26728
10:07:06PM NASDAQ 10548 10487 10419.5 10634 10661 10707.5 10533 ‘cess
10:10:14PM JAPAN 22767 22661 22624 22779 22907 23018.5 22783 ‘cess

 

16/07/2020 FTSE Closed at 6250 points. Change of -0.67%. Total value traded through LSE was: £ 4,183,257,766 a change of -22.26%
15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%
14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%
13/07/2020 FTSE Closed at 6176 points. Change of 1.33%. Total value traded through LSE was: £ 3,893,865,356 a change of -14.27%
10/07/2020 FTSE Closed at 6095 points. Change of 0.76%. Total value traded through LSE was: £ 4,542,024,650 a change of -0.44%
9/07/2020 FTSE Closed at 6049 points. Change of -1.74%. Total value traded through LSE was: £ 4,562,272,376 a change of 3.26%
8/07/2020 FTSE Closed at 6156 points. Change of -0.53%. Total value traded through LSE was: £ 4,418,238,580 a change of -6.59%

Moderna Inc for 16/07/2020

#France #Nasdaq It’s always a surprise when market gains are “blamed” on a single company but for a while, Nasdaq listed #Moderna held the accolade on Wednesday. Their crime was fairly simple, by announcing a Covid-19 vaccine entering final clinical trials later in July, stock markets surged upward in the US and Europe. This is the 2nd time Moderna created a frenzy and this time, it justified a read through their report.

To cut a long story short (and skip the difficult scientific stuff), they tried their vaccine on 45 people. In all 45 people, the medicine triggered immune system responses which produced the correct antibodies to defend against Covid-19. None of the participants experienced any safety issues with the drug and as a result, the vaccine is going forward to final clinical trials on 27th July. Hopefully this phase lasts less than the usual 1 to 4 years normally allocated to determine a new drugs long term effects.

Then again, a staple of Hollywood has always been for rushed drug testing causing dangerous outbreaks of zombies, politicians or lawyers, none of which are good for peoples health!

 

The immediate situation with Moderna Inc looks pretty straightforward. Price movement next exceeding 88.5 dollars should trigger further growth to an initial 100.5 dollars. In the event this level is bettered, we calculate 114 dollars as a reasonable secondary target. Better still, if everything goes a little crazy with the price somehow exceeding 143 dollars, it goes beyond any level at which we can calculate “TOP” as the sky is the limit.

Visually there’s a well defined uptrend, one which implies concern in the event the share price wanders below the 60 dollar mark.  In fact, with the strength of recent acceleration, we’d experience early worries should it even wander below the 70 dollar level, making us suspect we’re not seeing a potential entry point but instead, a potential trap for monies invested. To explain, such a triggering movement risks reversal to the 30 dollar mark.

For now, we prefer optimism but only if it exceeds 88.5 dollars.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:02:24PM BRENT 43.74 Success
10:04:14PM GOLD 1810.61 ‘cess
10:06:20PM FTSE 6301.57 Success
10:07:55PM FRANCE 5107.2 5036 4999 4950 5099 5146 5160.25 5192 5086 Success
10:16:48PM GERMANY 12934 Success
10:18:34PM US500 3231.02 Success
10:24:17PM DOW 26906 Success
10:26:26PM NASDAQ 10705 10565 10497.5 10404 10690 10732 10779 10915 10634 ‘cess
10:28:25PM JAPAN 22909 Success

 

15/07/2020 FTSE Closed at 6292 points. Change of 1.83%. Total value traded through LSE was: £ 5,380,801,480 a change of 18.89%
14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%
13/07/2020 FTSE Closed at 6176 points. Change of 1.33%. Total value traded through LSE was: £ 3,893,865,356 a change of -14.27%
10/07/2020 FTSE Closed at 6095 points. Change of 0.76%. Total value traded through LSE was: £ 4,542,024,650 a change of -0.44%
9/07/2020 FTSE Closed at 6049 points. Change of -1.74%. Total value traded through LSE was: £ 4,562,272,376 a change of 3.26%
8/07/2020 FTSE Closed at 6156 points. Change of -0.53%. Total value traded through LSE was: £ 4,418,238,580 a change of -6.59%
7/07/2020 FTSE Closed at 6189 points. Change of -1.53%. Total value traded through LSE was: £ 4,730,023,410 a change of 2.54%