Trends And Targets

#BrentCrudePrice #DAX An interesting aspect of this ‘Lockdown and Work from Home’ business stinks a bit. Quite literally, it turned out. The problem was an 18 month old computer, a device normally house trained for domestic use but instead, now seeing service daily for remote tuition, turned on from 8.30am. The particular PC also serves as the place a cat sleeps, traditionally for a few hours in the evenings but now, the animal will cheerfully spend 12 hours a day on its heated computer perch.

 

With home computers, there’s no-one from IT visiting to give machines their annual checkover, along with a quick vacuum for dust build-up around the fans. Instead, the first sign of trouble was apparently the cat unable to get comfortable, grudgingly opting to visit its expensive basket where it’s supposed to sleep. Once the cat vacated its computer spot, there was a grudging admission of a ‘bit of a smell’, the previously suspected source now sound asleep in a different room.  In addition, the top of the computer tower was indecently hot, demanding an emergency shutdown.

Once the side was removed from the PC case, dust accumulation was quite impressive, the big fan where the machine plugs into the mains totally obscured behind what looked like lint from a tumble drier filter. It was time for a mini vacuum to finally earn its keep and it occurs, rather a lot of folk will doubtless discover the joys of hardware failures due to domestic technology attempting to function for prolonged hours in an environment quite different from nice clean offices. Regardless whether it’s a computer or laptop, machines with fans are going to become gummed up and fail while we adjust to the new lifestyle forced upon society by Covid-19. As a result, it’s likely computer hardware manufacturers shall enjoy a surprise surge in sales in the year ahead.

 

This public safety announcement is supposed to distract readers from the reality of Lloyds Bank. When we last reviewed the share 3 weeks ago (link), we were pretty confident a break of 34p would drive reversal to an initial 30p with secondary, when (if) broken at an eventual bottom of 26p. The share price broke below our trigger level 5 days ago and it moving down to our target level as grudgingly as the aforementioned cat. The share price needs exceed 38p simply to escape the immediate reversal cycle, something we’re not inclined to hold our breath for.

Visually, it’s still the case an eventual 26p makes quite an attractive entry point, if the price ever gets there! The pace of reversal, so far this year, has been steady but very, very, slow.

It’s probably important to remember things risk speeding up fairly soon. US Earnings season reports risk provoking trouble with companies issuing repeated Profit Warnings, due to earning squeeze during 2020. The coming week has results from BP, Exxon, Otis, ScottsMiracleGro, alongside a bunch of scientific and online retailers. The obvious question, will negative reports be balanced by positive reports from Ebay, Pfizer, Alphabet positive earnings?

 

For Lloyds to exceed 38p, it would break the immediate Blue downtrend, placing the share at grave risk of recovering to an initial 44.5p with secondary, if bettered, a fairly cheerful 50p. As mentioned previously, moves this year tend suggest 26p shall prove irresistible

.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:38:26AM	BRENT	55.07	54.89	54.74	54.25	55.4	56.02	56.27	56.73	55.2	‘cess
10:41:20AM	GOLD	1848									Success
10:45:01AM	FTSE	6372									Success
10:58:05AM	FRANCE	5391.2									Success
11:01:42AM	GERMANY	13392	13367	13288.5	13008	13563	13642	13746	13892	13492	Success
11:04:26AM	US500	3703.97
11:35:09AM	DOW	29931									Success
11:37:17AM	NASDAQ	12889									Success
11:41:30AM	JAPAN	27698

29/01/2021 FTSE Closed at 6407 points. Change of -1.82%. Total value traded through LSE was: £ 6,807,283,964 a change of 10.19%

28/01/2021 FTSE Closed at 6526 points. Change of -0.62%. Total value traded through LSE was: £ 6,177,631,505 a change of -22.29%

27/01/2021 FTSE Closed at 6567 points. Change of -1.31%. Total value traded through LSE was: £ 7,950,046,552 a change of 35.23%

26/01/2021 FTSE Closed at 6654 points. Change of 0.24%. Total value traded through LSE was: £ 5,878,949,067 a change of -1.5%

25/01/2021 FTSE Closed at 6638 points. Change of -0.85%. Total value traded through LSE was: £ 5,968,206,921 a change of 9.52%

22/01/2021 FTSE Closed at 6695 points. Change of -0.3%. Total value traded through LSE was: £ 5,449,476,112 a change of 6.46%

21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%

It only took a single day for Britain’s PM to get out of London, causing trouble elsewhere, for the FTSE to show some slight gains from a foul start. Unfortunately, the results didn’t prove world beating (nor even Europe beating).  It’s horrific, Japan, with a population roughly double the UK, an island nation like the UK, population density 25% higher than the UK, has suffered just over 5,000 Covid-19 deaths in the last year. The UK, over 100,000 fatalities… The UK, 7,000km from China, Japan around 800km.

In unrelated news, the Nikkei 225, Japans stock market, recently traded at just under 29,000 points. It’s high, pre-pandemic, was at 24,000 points. It’s an interesting comparison, the UK FTSE reaching 7,700 pre-pandemic and now struggling at 6,500 points. There’s certainly a sneaking suspicion political will to actually protect a countries population can introduce confidence in the marketplace? Unfortunately, this fails explain why the US is performing well with mortality rates not terribly far behind the UK’s world beating achievement.

However, the chart (UK in Purple) below certainly gives pause for thought, the UK down 13% while Japan is performing UP 20% since before the virus hit.

 

As for the FTSE for Friday, trades above 6615 points currently calculate with the potential of recovery to an initial 6642 points with secondary, if exceeded, working out at 6710 points. At present, the indications certainly suggest an upward day is imminent.

The alternate scenario is fairly nasty as below 6497 looks troublesome, allowing reversal to an initial 6428 points with secondary, when broken, at 6398 and hopefully a bounce. There is a little problem if 6398 breaks, risking the start of a cascade of reversals in coming days and weeks to 5720 points.

Have a good weekend.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:22:14PM	BRENT	55.16	55.03	54.84		55.55	55.72	55.99		55
9:29:18PM	GOLD	1842.85	1834	1823		1844	1857	1864		1839	‘cess
9:31:32PM	FTSE	6530	6472	6402.5		6536	6554	6580		6504
9:49:40PM	FRANCE	5506.2	5481	5452		5531	5537	5558		5500	Success
9:53:08PM	GERMANY	13614	13579	13515.5		13687	13714	13751.5		13594	Shambles
10:19:44PM	US500	3776.02	3712	3689.5		3765	3832	3863.5		3783
10:22:51PM	DOW	30571	30466	30327		30647	30936	30966.5		30720	Shambles
10:24:43PM	NASDAQ	13177	13132	13082		13298	13403	13541.5		13204	‘cess
10:26:48PM	JAPAN	28370	27950	27734		28250	28525	28609		28333	Success

 

28/01/2021 FTSE Closed at 6526 points. Change of -0.62%. Total value traded through LSE was: £ 6,177,631,505 a change of -22.29%

27/01/2021 FTSE Closed at 6567 points. Change of -1.31%. Total value traded through LSE was: £ 7,950,046,552 a change of 35.23%

26/01/2021 FTSE Closed at 6654 points. Change of 0.24%. Total value traded through LSE was: £ 5,878,949,067 a change of -1.5%

25/01/2021 FTSE Closed at 6638 points. Change of -0.85%. Total value traded through LSE was: £ 5,968,206,921 a change of 9.52%

22/01/2021 FTSE Closed at 6695 points. Change of -0.3%. Total value traded through LSE was: £ 5,449,476,112 a change of 6.46%

21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%

20/01/2021 FTSE Closed at 6740 points. Change of 0.42%. Total value traded through LSE was: £ 5,510,172,095 a change of 11.11%

Login Problems? Please contact Georgie at T&T as she’s been doing customer database maintenance. Or contact Alistair and he’ll pass your details on.

 

#SP500 #Orosur It’s hard not to glance at the image on Orosur’s website (this was requested by emails today) and imagine the taste of superior coffee from Colombia. Alas, their field is Gold, doubtless enjoying the flavour of enhanced Gold Prices in the last few months. Those who watch ‘Gold Rush’ on telly will already be bored with the mantra, “Fuel Prices Low, Gold Prices High, get digging!”, and doubtless can safely anticipate a successful year for the extraction industry.

 

However, this is a member of the AIM market and it’s probably worth remembering our previous thoughts on the AIM gave 1192 points as an initial target. This level was achieved in the last 5 sessions and the index is certainly showing signs of hesitation, rather than powering on toward our secondary 1233. The particular stutter is a VERY slight worry, suggesting coming weakness below 1175 shall attempt an initial 1160 points with secondary, if broken, at 1139 points.

The larger problem comes if 1139 breaks as the effects are liable to ripple through AIM constituents, stifling many potential gains until such time the market gets itself in order again. We’d certainly been curious how long the junior UK market would continue to humiliate the FTSE 100 with six months of very successful performance. The AIM, presently at 1176 points, would be at just 850 points if it were following the (pathetic) FTSE example!

 

Orosur Mining is certainly looking fairly optimistic currently and we wonder if speculation is rife, an expectation of some coming positive news. The immediate situation suggests strength above 30p should make an attempt at 38p, matching the closing price highs from October last year. The important thing comes, if the share finds an excuse to close a session above 38p as we can calculate the Blue downtrend since 2011 is liable to find itself in jeopardy, due to our secondary working out at 48p.

This level of secondary is liable to prove game changing for the longer term, ticking the first box in a chain of events and creating a scenario with 93p allegedly possible sometime in the future.

For now, Orosur looks positive, the price requiring to drift below 20p to give a hint of panic as 12p represents the ‘ultimate bottom’, a point we cannot calculate below.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:48:38PM	BRENT	55.33									Shambles
10:50:42PM	GOLD	1844.53									Success
10:57:38PM	FTSE	6508.84									Success
11:09:43PM	FRANCE	5413									Success
11:12:28PM	GERMANY	13459									Success
11:15:10PM	US500	3726.22	3712	3653	3581	3765	3823	3866.5	3918	3767	Success
11:19:02PM	DOW	30177									Success
11:21:47PM	NASDAQ	12990									Success
11:24:32PM	JAPAN	28119									Success

 

 

27/01/2021 FTSE Closed at 6567 points. Change of -1.31%. Total value traded through LSE was: £ 7,950,046,552 a change of 35.23%

26/01/2021 FTSE Closed at 6654 points. Change of 0.24%. Total value traded through LSE was: £ 5,878,949,067 a change of -1.5%

25/01/2021 FTSE Closed at 6638 points. Change of -0.85%. Total value traded through LSE was: £ 5,968,206,921 a change of 9.52%

22/01/2021 FTSE Closed at 6695 points. Change of -0.3%. Total value traded through LSE was: £ 5,449,476,112 a change of 6.46%

21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%

20/01/2021 FTSE Closed at 6740 points. Change of 0.42%. Total value traded through LSE was: £ 5,510,172,095 a change of 11.11%

19/01/2021 FTSE Closed at 6712 points. Change of -0.12%. Total value traded through LSE was: £ 4,959,269,895 a change of 38.63%

 

#FTSE #DOW Over the years, Rare Earth magnets have proven so useful we even keep a supply of small Neodymium magnets in the house. These two centimetre long blocks (pictured), when held in place by duct tape or glue, stop the coffee stomper vibrating off the coffee machine. They hold the garden gate closed, provide easy dashboard mountings for mobile phones, ensure the fridge door stays closed. In the case of a recently purchased target rifle, it was a surprise to see the magazine snap precisely into place with a tiny Neodymium magnet.

It was inevitable the wider world would discover uses for these super strong devices, now billed as essential building blocks for clean future tech. Wind turbines, electric motors, electric vehicles, mobile phones, all find an excuse to use our favourite magnets, ones which can actually hurt when a careless finger gets trapped. They are useful but most emphatically not toys.

We received a few emails asking we update our fairly recent opinion (link) on Rainbow Rare Earths, presently trading around the 13p level. The mining company presently operate to major locations in both East and South Africa, extracting the essential elements used to produce permanent magnets now massively in demand for modern electrics. Recently, by reaching 14.75p, LSE:RBW managed trade higher than expected, suggesting some considerable strength may be present for longer term price gains.

This year, we’re opting to play safe with trigger levels, choosing a calculation criteria which can only demand price gains if a particular level is exceeded. In the case of Rainbow, rather than exceed its previous high of 14.75p, we can work out above 15.3p is liable to become a major trigger. Above this should prove capable of propelling the price toward an initial 18p with secondary, if exceeded, at a longer term 21.5p. To be fair, price closure above 18p is liable to prove game changing for the longer term as presently we can speculate on a distant 25p, a new all time high.

 

That’s about the end of the good news. Then again, maybe some folk shall regard the immediate possibilities as presenting an opportunity. Weakness continuing below 13.25p suggests the probability of travel down to an initial 12p, doubtless capable of a rebound given the presence of Red on the chart. Should 12p break, we hope our secondary calculation at 10.5p shall indeed be anointed with trampoline juice, creating a price level where a future surge upward may commence.

We never expected to have a secret bias due to a liking for posh fridge magnets!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:49:46PM	BRENT	55.84
9:52:22PM	GOLD	1850.94
10:13:23PM	FTSE	6659	6620	6607	6576	6674	6700	6719.5	6757	6650
10:14:54PM	FRANCE	5544.2
10:16:52PM	GERMANY	13888									Success
10:18:40PM	US500	3852
10:20:51PM	DOW	30945	30882	30815	30715	30995	31120	31138	31331	30967
10:24:05PM	NASDAQ	13555									‘cess
10:27:08PM	JAPAN	28699									‘cess

26/01/2021 FTSE Closed at 6654 points. Change of 0.24%. Total value traded through LSE was: £ 5,878,949,067 a change of -1.5%

25/01/2021 FTSE Closed at 6638 points. Change of -0.85%. Total value traded through LSE was: £ 5,968,206,921 a change of 9.52%

22/01/2021 FTSE Closed at 6695 points. Change of -0.3%. Total value traded through LSE was: £ 5,449,476,112 a change of 6.46%

21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%

20/01/2021 FTSE Closed at 6740 points. Change of 0.42%. Total value traded through LSE was: £ 5,510,172,095 a change of 11.11%

19/01/2021 FTSE Closed at 6712 points. Change of -0.12%. Total value traded through LSE was: £ 4,959,269,895 a change of 38.63%

18/01/2021 FTSE Closed at 6720 points. Change of -0.22%. Total value traded through LSE was: £ 3,577,371,289 a change of -38.17%

#Gold #SP500 Once a year in Scotland, there’s a very special evening when people gather in pubs, clubs, hotels, to toast the memory of Robert Burns. The poet was probably best known for his world famous hit single, ‘Old Lang Syne’, along with some truly miserable dirges which somehow become praiseworthy on Burns Night. They certainly justify the quantity of whisky usually consumed.

This year, everything inevitably changed.

Instead, our invitations were to attend ‘Virtual Burns Nights’, essentially a bunch of folk getting drunk and eating haggis while sitting at their computers, peering myopically at a camera. Leaving aside the haggis, this state of affairs doubtless defines most people on Twitter & Facebook after 10pm any night, without the inconvenience of brushing up on the writings of the famous man.

 

Wetherspoon share price is showing early signs of enthusiasm for a future when Lockdown ends and we can once again gather on dark winter nights to infect each other with cold & flu in pubs. Socialising properly is something, personally, I didn’t know I missed. But events of 2020 ensured we only risked visiting our local bar/restaurant twice and now, we opt to show support by purchasing takeaway food from the place, hoping they weather the financial mess the business must be in. When the current Lockdown ends and vaccinations are in place, it’s easy to suspect we personally shall tend make up for lost time. making a point of dropping in for Lunch/Dinner rather more often than used to be the case.

It’s easy to speculate Wetherspoon shall also experience a dizzy pace of recovery nationally, when (or if) normality ever rears its ugly head again. We’ve decided to emplace a recovery trigger at 1,280p as share price movement above such a level should prove capable of swift acceleration to an initial 1,533p. If exceeded, our longer term secondary is truly surprising, calculating at 1,901p and a new all time high. Despite the price looking fairly calm at 1,180 presently, the share really does not require much work to get things moving.

 

If things intend go horribly wrong, the share price needs drip below Red on the chart, presently 900p, to justify concern. Such a calamity allows weakness next to an initial 734p with secondary, if broken, at 405p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:29:32PM	BRENT	55.74
9:31:05PM	GOLD	1855.7	1847	1840	1831	1861	1862	1871.5	1883	1847
9:33:18PM	FTSE	6678.62									‘cess
9:35:50PM	FRANCE	5501.7									Success
9:45:15PM	GERMANY	13727									Success
9:47:13PM	US500	3854.74	3821	3812	3796	3839	3860	3876	3903	3821	Success
9:49:42PM	DOW	30965									Success
9:52:15PM	NASDAQ	13470									‘cess
9:54:06PM	JAPAN	28814									‘cess

25/01/2021 FTSE Closed at 6638 points. Change of -0.85%. Total value traded through LSE was: £ 5,968,206,921 a change of 9.52%

22/01/2021 FTSE Closed at 6695 points. Change of -0.3%. Total value traded through LSE was: £ 5,449,476,112 a change of 6.46%

21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%

20/01/2021 FTSE Closed at 6740 points. Change of 0.42%. Total value traded through LSE was: £ 5,510,172,095 a change of 11.11%

19/01/2021 FTSE Closed at 6712 points. Change of -0.12%. Total value traded through LSE was: £ 4,959,269,895 a change of 38.63%

18/01/2021 FTSE Closed at 6720 points. Change of -0.22%. Total value traded through LSE was: £ 3,577,371,289 a change of -38.17%

15/01/2021 FTSE Closed at 6735 points. Change of -0.97%. Total value traded through LSE was: £ 5,785,369,773 a change of -14.5%

#Brent #Dax We previously reviewed Natwest on 4th January, explaining our thoughts on weakness to 152 and hopefully a bounce. The next day, it hit 152p and started a bounce, one which reached a fairly useless 169p. The important detail behind the scenario was “proof” sufficient numbers of people are still watching trend lines, believing them important.

We’ve experienced considerable doubts over the veracity of conventional crayon drawn trends as often, in these panic pandemic times, prices simply blast through visual trends as if they don’t exist. The reality with a popular share such as Natwest was clearly, if sufficient numbers of people believe a trend line to be real, the trend line will be real – at least for a while. Unfortunately for Natwest, this collective belief in trend lines lasted just 10 days and we suspect things are about to go a bit wrong for the share price.

Visually, with Natwest breaking the uptrend since September, the next tripwire remains at the previous 152p level. Coming movements below 152p risk triggering reversal down to an initial 143p and a doubtless short lived bounce. Again, our theory about sufficient numbers of people believing something should hold true. Achieving 143p will, more or less, match the share price low in December. We’d warning, if 143p is broken, especially on the initial surge down to such a level, our secondary longer term drop target calculates down at 126p and we think a real rebound can be expected, given the visual implications.

Earlier last year, when prices were being driven down due to building Covid-19 hysteria, a very vague Blue trend formed and our above drop target of 126p comes pretty close to matching the point of trend break. Again, it will depend on how many people employ Blue crayons but should 126p make a guest appearance, it shall provide an excellent visual point to take a Long position and just see where things go in the months ahead.

 

As always, we’re perhaps being too gloomy, especially as the writer got a Text Message from Scotlands Nicola Sturgeon the other day, promising a Covid-19 vaccination in a few days. Which was nice, doubtless supposed to bring cheer! Once the countries NHS gets hold of a mobile phone number, they are serious about keeping in touch with personal updates.

 

For Natwest to give hope for the future, the share price presently needs exceed 172p, allegedly capable of bringing recovery to an initial 182p with secondary, if bettered, at 192p. Visually neither ambition is earth shattering but does take the price into a region where it shall be regarded as achieving “higher highs” with the promise of good things for the future. Perhaps Nicola should send them a text message!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:18:04PM	BRENT	55.01	54.4	54.105	53.3	55.48	55.92	56.23	56.84	54.86	Success
9:20:34PM	GOLD	1856.26									‘cess
9:30:17PM	FTSE	6689									Success
9:44:50PM	FRANCE	5557.7									Success
9:46:57PM	GERMANY	13869	13783	13749.5	13696	13911	13909	13934.5	14000	13848	Success
9:54:47PM	US500	3837.75									‘cess
9:57:10PM	DOW	30995.9									Success
10:02:29PM	NASDAQ	13365
10:05:00PM	JAPAN	28574									‘cess

 

22/01/2021 FTSE Closed at 6695 points. Change of -0.3%. Total value traded through LSE was: £ 5,449,476,112 a change of 6.46%

21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%

20/01/2021 FTSE Closed at 6740 points. Change of 0.42%. Total value traded through LSE was: £ 5,510,172,095 a change of 11.11%

19/01/2021 FTSE Closed at 6712 points. Change of -0.12%. Total value traded through LSE was: £ 4,959,269,895 a change of 38.63%

18/01/2021 FTSE Closed at 6720 points. Change of -0.22%. Total value traded through LSE was: £ 3,577,371,289 a change of -38.17%

15/01/2021 FTSE Closed at 6735 points. Change of -0.97%. Total value traded through LSE was: £ 5,785,369,773 a change of -14.5%

14/01/2021 FTSE Closed at 6801 points. Change of 0.83%. Total value traded through LSE was: £ 6,766,545,186 a change of 14.83%

#FTSE #Gold We could start by saying the FTSE is heading toward 8,726 points, a world beating ambition placing the UK market is the same playground as Germany, Japan, and the USA. Unfortunately, just because we can calculate such a potential does not mean we shouldn’t even adhere to the reality of the situation. Unlike many other markets, the UK has failed to better its pre-Covid-19 levels, in fact not even coming close. When the UK PM is on TV, spouting “World Beating” empty slogans, real world Britain is performing quite dreadfully in every area which matters, perhaps aside from meaningless levels of propaganda.

It’s difficult to find a UK problem without quickly realising the core reason, lack of political will or competence! Even the 12 month late initiative at UK airports, demanding proof of a Covid test prior to allowing potentially plague ridden passengers entry, turns out to be remarkably inept.

“No test, that’ll be a 500 quid fine. Thank you. Enjoy your stay!”

 

To convince us the FTSE intends some proper recovery, the market needs trade above 7,290 currently. Given the index performance so far this year, we’re unable to see indications the UK intends head to this trigger level anytime soon. Quite the converse, if we’re honest as most trading days in 2021 are showing slow and painful declines in the FTSE 100, while other countries are having a party to which the UK isn’t invited.

Shall it be the case the FTSE sober approach to market gains in the face of Covid, Brexit, and Boris may prove the route of wisdom with other countries suddenly experiencing unexpected declines. In some ways, this isn’t as silly a suggestion as it first appeared, if only due to Wall St calculating with a good reason for hesitation around 31,200 points, the current level.

 

Near term, FTSE traffic below 6,688 looks like an issue, capable of triggering reversals to an initial 6,635 points. If broken, our secondary for the longer term (or later in the session!) works out at 6,564 points. The tightest stop, if triggered, is at 6,730 points.

The other side of the coin demands the index move above 6,763, a tripwire allegedly capable of provoking movement toward an initial 6,792 points. If exceeded, our secondary calculation comes in at 6,835 points and yet another challenge of the Blue downtrend on the chart.

 

Have a good weekend and remember, the bright side tells us there are only 65 days until the Formula One season returns in Bahrain.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:56:06PM	BRENT	56.16	55.38	55.04		56	56.15	56.395		55.5
11:05:18PM	GOLD	1870	1858	1849		1872	1875	1884		1858
11:06:50PM	FTSE	6732	6704	6683.5		6732	6772	6783.5		6742
11:08:45PM	FRANCE	5595.2	5573	5551		5618	5626	5640		5599	‘cess
11:11:08PM	GERMANY	13935	13876	13828.5		13950	14003	14029		13940	‘cess
11:14:03PM	US500	3854.12	3839	3831		3862	3865	3879.25		3843
11:18:56PM	DOW	31147	31118	31094		31211	31274	31314		31160	‘cess
11:21:45PM	JAPAN	28623	28493	28407		28678	28700	28762		28550	‘cess

 

21/01/2021 FTSE Closed at 6715 points. Change of -0.37%. Total value traded through LSE was: £ 5,118,625,468 a change of -7.11%

20/01/2021 FTSE Closed at 6740 points. Change of 0.42%. Total value traded through LSE was: £ 5,510,172,095 a change of 11.11%

19/01/2021 FTSE Closed at 6712 points. Change of -0.12%. Total value traded through LSE was: £ 4,959,269,895 a change of 38.63%

18/01/2021 FTSE Closed at 6720 points. Change of -0.22%. Total value traded through LSE was: £ 3,577,371,289 a change of -38.17%

15/01/2021 FTSE Closed at 6735 points. Change of -0.97%. Total value traded through LSE was: £ 5,785,369,773 a change of -14.5%

14/01/2021 FTSE Closed at 6801 points. Change of 0.83%. Total value traded through LSE was: £ 6,766,545,186 a change of 14.83%

13/01/2021 FTSE Closed at 6745 points. Change of -0.13%. Total value traded through LSE was: £ 5,892,793,822 a change of 7.6%