{"id":5094,"date":"2024-07-05T02:27:40","date_gmt":"2024-07-05T01:27:40","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5094"},"modified":"2024-07-05T02:27:40","modified_gmt":"2024-07-05T01:27:40","slug":"ftse-for-friday-around-8241-at-time-of-writing","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/07\/05\/ftse-for-friday-around-8241-at-time-of-writing\/","title":{"rendered":"FTSE for FRIDAY around 8241 at time of writing.\u00a0"},"content":{"rendered":"

#FTSE #GOLD\u00a0<\/b>\u00a0We tried something new on Thursday evening, watching FTSE futures in conjunction with results being released in the General Election. So far, the exercise has been quite fascinating, currently with glimpses of panic at the rate Futures were climbing. While writing this, FTSE Futures were just gapped DOWN by 15 points in what looks like a visible attempt to slow things down.<\/span><\/p>\n

Of course, this isn’t a real problem, probably quite the opposite, as it reduces the chances of the FTSE being spiked up massively at the open on Friday morning. This usually creates a situation where within 90 minutes or so, the market starts to rewind the effects of the spike unless the index is gapped up at the start of the spike. For instance, should the opening second of trade should a gap from 8241 points to 8255 points, immediately followed by gains to around 8265 points, there shall be a very good chance of the day being quite positive. But should the market opt to show the first seconds of trade with trades to 8465, our confidence for a good day will be quite damaged. It can be assumed we expect the FTSE to open the day around 8265 unless some sort of massive political upset occurs.<\/span><\/p>\n

Up here in Scotland, quite a different set of circumstances prevails with a certain outcome looking like the 3rd largest party in Westminster, the SNP, being utterly humiliated. The blame is being laid firmly at the door of Sturgeon and what looks like corrupt behaviour by her and the cabal. There’s doubtless going to be a civil war within the SNP when the troughers fired from Westminster believe they deserve a seat in the gravy train that is the Scottish parliament. Time to order some popcorn while being amused at the fight.<\/span><\/p>\n

 <\/p>\n

For the FTSE, it looks like above 8265 points could trigger movement to an initial 8301 points with our secondary, if beaten, calculating at 8367 points. If triggered, the tightest stop loss level looks reasonable at 8225 and given movement such as this shall place the UK index in a region where a long term cycle to 8465 should commence, that’s a reasonable number for a stop.<\/span><\/p>\n

Our converse scenario, if things decide to go wrong, needs the index to fall below 8207 to ring alarm bells, risking triggering reversal to 8158 with secondary, if broken, at 8086 points.<\/span><\/p>\n

 <\/p>\n

Have a good weekend. Hopefully the British Grand Prix produces some entertainment. Austria last weekend was quite boring, until the last few laps which brought real racing.<\/span><\/p>\n

<\/p>\n

 <\/p>\n

 <\/p>\n

\n

FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nPrior<\/span><\/td>\n<\/tr>\n
10:07:04PM<\/span><\/td>\nBRENT<\/span><\/td>\n8745.8<\/span><\/td>\n8374<\/span><\/td>\n8214<\/span><\/td>\n<\/td>\n8564<\/span><\/td>\n8434<\/span><\/td>\n8811<\/span><\/td>\n<\/td>\n8521<\/span><\/td>\n<\/td>\n<\/tr>\n
10:10:35PM<\/span><\/td>\nGOLD<\/span><\/td>\n2356.3<\/span><\/td>\n2351<\/span><\/td>\n2347<\/span><\/td>\n<\/td>\n2360<\/span><\/td>\n2362<\/span><\/td>\n2365<\/span><\/td>\n<\/td>\n2351<\/span><\/td>\n<\/td>\n<\/tr>\n
10:40:56PM<\/span><\/td>\nFTSE<\/span><\/td>\n8257<\/span><\/td>\n8226<\/span><\/td>\n8214<\/span><\/td>\n<\/td>\n8242<\/span><\/td>\n8261<\/span><\/td>\n8287<\/span><\/td>\n<\/td>\n8228<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:43:31PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4993.5<\/span><\/td>\n4955<\/span><\/td>\n4948<\/span><\/td>\n<\/td>\n4981<\/span><\/td>\n4995<\/span><\/td>\n5011<\/span><\/td>\n<\/td>\n4965<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
10:46:18PM<\/span><\/td>\nGERMANY<\/span><\/td>\n18453<\/span><\/td>\n18386<\/span><\/td>\n18357<\/span><\/td>\n<\/td>\n18421<\/span><\/td>\n18467<\/span><\/td>\n18517<\/span><\/td>\n<\/td>\n18395<\/span><\/td>\n<\/td>\n<\/tr>\n
10:49:09PM<\/span><\/td>\nUS500<\/span><\/td>\n5531.9<\/span><\/td>\n5502<\/span><\/td>\n5485<\/span><\/td>\n<\/td>\n5515<\/span><\/td>\n5541<\/span><\/td>\n5554<\/span><\/td>\n<\/td>\n5502<\/span><\/td>\n<\/td>\n<\/tr>\n
10:51:37PM<\/span><\/td>\nDOW<\/span><\/td>\n39336<\/span><\/td>\n39286<\/span><\/td>\n39252<\/span><\/td>\n<\/td>\n39355<\/span><\/td>\n39440<\/span><\/td>\n39486<\/span><\/td>\n<\/td>\n39313<\/span><\/td>\n<\/td>\n<\/tr>\n
10:54:22PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n20144<\/span><\/td>\n19966<\/span><\/td>\n19870<\/span><\/td>\n<\/td>\n20040<\/span><\/td>\n20177<\/span><\/td>\n20235<\/span><\/td>\n<\/td>\n19966<\/span><\/td>\n<\/td>\n<\/tr>\n
10:58:26PM<\/span><\/td>\nJAPAN<\/span><\/td>\n40860<\/span><\/td>\n40504<\/span><\/td>\n40380<\/span><\/td>\n<\/td>\n40738<\/span><\/td>\n40976<\/span><\/td>\n41346<\/span><\/td>\n<\/td>\n40598<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

4\/07\/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: \u00a3 3,579,962,751 a change of -46.51%<\/h5>\n
3\/07\/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: \u00a3 6,692,388,368 a change of 28.25%<\/h5>\n
2\/07\/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: \u00a3 5,218,218,449 a change of 8.89%<\/h5>\n
1\/07\/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: \u00a3 4,792,112,455 a change of -7.38%<\/h5>\n
28\/06\/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: \u00a3 5,173,992,876 a change of 2.7%<\/h5>\n
27\/06\/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: \u00a3 5,037,946,434 a change of -10.36%<\/h5>\n
26\/06\/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: \u00a3 5,620,185,904 a change of 8.13% <\/a><\/h5>\n

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.<\/span><\/span><\/p>\n

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 <\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

\n

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:NG. National Glib** **LSE:STAR Star Energy** **<\/p>\n

********<\/p>\n

Updated charts published on : Avacta, Barclays, British Airways, IG Group, ITM Power, ITV, National Glib, Star Energy,<\/p>\n

\n

LSE:AVCT Avacta<\/span>. Close Mid-Price: 67 Percentage Change: + 14.04% Day High: 67.75 Day Low: 58.65<\/h4>\n

Target met. Further movement against Avacta ABOVE 68 should improve accel ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Avacta & Big Picture ***<\/a><\/p>\n

\n

LSE:BARC Barclays<\/span>. Close Mid-Price: 224.35 Percentage Change: + 2.84% Day High: 224.5 Day Low: 219<\/h4>\n

All Barclays needs are mid-price trades ABOVE 224.5 to improve accelerati ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Barclays & Big Picture ***<\/a><\/p>\n

\n

LSE:IAG British Airways<\/span>. Close Mid-Price: 174.65 Percentage Change: + 0.75% Day High: 176.2 Day Low: 172.55<\/h4>\n

Continued trades against IAG with a mid-price ABOVE 176.2 should improve ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous British Airways & Big Picture ***<\/a><\/p>\n

\n

LSE:IGG IG Group<\/span>. Close Mid-Price: 837 Percentage Change: + 0.48% Day High: 839.5 Day Low: 832<\/h4>\n

In the event of IG Group enjoying further trades beyond 839.5, the share ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous IG Group & Big Picture ***<\/a><\/p>\n

\n

LSE:ITM ITM Power<\/span>. Close Mid-Price: 49.26 Percentage Change: + 0.45% Day High: 51 Day Low: 48.2<\/h4>\n

All ITM Power needs are mid-price trades ABOVE 51 to improve acceleration ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous ITM Power & Big Picture ***<\/a><\/p>\n

\n

LSE:ITV ITV Close Mid-Price: 82.8 Percentage Change: -0.30% Day High: 83.55 Day Low: 82.05 <\/span><\/h4>\n

Continued trades against ITV with a mid-price ABOVE 83.55 should improve ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous ITV & Big Picture ***<\/a><\/p>\n

\n

LSE:NG. National Glib<\/span>. Close Mid-Price: 922.6 Percentage Change: + 1.14% Day High: 919.6 Day Low: 908.6<\/h4>\n

In the event of National Glib enjoying further trades beyond 919.6, the s ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous National Glib & Big Picture *** <\/a><\/p>\n

\n

LSE:STAR Star Energy<\/span>. Close Mid-Price: 7.95 Percentage Change: + 1.53% Day High: 0 Day Low: 0<\/h4>\n

Continued trades against STAR with a mid-price ABOVE 7.95 should improve ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Star Energy & Big Picture ***<\/a><\/p>\n

\n

*** End of “Updated Today” comments on shares<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

#FTSE #GOLD\u00a0\u00a0We tried something new on Thursday evening, watching FTSE futures in conjunction with results being released in the General Election. So far, the exercise has been quite fascinating, currently with glimpses of panic at the rate Futures were climbing. While writing this, FTSE Futures were just gapped DOWN by 15 points in what looks … <\/p>\n

Continue reading “FTSE for FRIDAY around 8241 at time of writing.\u00a0“<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5094","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=5094"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5094\/revisions"}],"predecessor-version":[{"id":5095,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5094\/revisions\/5095"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=5094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=5094"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=5094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}