{"id":5210,"date":"2024-09-13T02:52:24","date_gmt":"2024-09-13T01:52:24","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5210"},"modified":"2024-09-13T02:52:24","modified_gmt":"2024-09-13T01:52:24","slug":"ftse-for-friday-ftseukx-currently-8240-just-watch-the-grand-prix","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/09\/13\/ftse-for-friday-ftseukx-currently-8240-just-watch-the-grand-prix\/","title":{"rendered":"FTSE for FRIDAY (FTSE:UKX) currently 8240… Just watch the Grand Prix"},"content":{"rendered":"

#FTSE #GOLD <\/b>Projecting market direction sometimes feels like publicising Aura Borealis or Meteor sighting potentials, an exercise which often leads to disappointment.\u00a0 Tonight, with the outside temperature at -2c, a clear sky and fully charged camera, all the hype about a promised Borealis starts to feel like clickbait though we did see an IcelandAir jet heading home at 40,000 feet. Thankfully, our track record on the FTSE is substantially better than those who forecast lights in the sky!<\/p>\n

Now indoors, with the heating on, glancing at the FTSE is bringing similar levels of frustration to those experienced when trying to spot the Northern Lights.<\/p>\n

However, we have several underlying reasons to suspect FTSE growth is set to continue. Something quite curious is going on between the UK and Australia as both markets appear to be copying the other. Broadly speaking, there’s a strong scenario presenting 8800 points as the real attraction for each index, Australia showing some fairly immediate positive potentials with Higher Highs whereas the FTSE is proving a bit lethargic.<\/p>\n

 <\/p>\n

In the event the FTSE opts to follow the expected behaviour of Australia, above 8290 points calculates with the potential of a lift to an initial 8332 points with our secondary, if exceeded, working out at an impressive 8402 points. If triggered, we suggest a stop loss level at around 8250 points.<\/p>\n

We’re obviously not anticipating either the UK or Oz index making the leap to the 8800 level overnight, quite the converse, but instead we regard this as a longer term ambition, similar to a politician keeping its eye on a distant expenses office or subsidised restaurant\/bar. Here in Scotland, our experience with SNP MP’s has shown what happens when people who struggled to be elected as a councillor were elevated to parliament. The results were not pretty and it’s probable the Daily Mail and the Express already have written their corruption headlines, just awaiting the unfortunate career politician to fill the story!<\/p>\n

If things intend go wrong, below 8202 points looks like a trigger level as it risks promoting reversal down to an initial 8144 points with our secondary, if broken, calculating at a less likely 8090 points. We shall not be concerned if the 8144 level is breached, suspected the index shall bounce before the 8090 level.<\/p>\n

 <\/p>\n

Finally, having just spent another 20 freezing minutes outside, not a single meteor or Aura Borealis has been spotted. And it’s now approaching 3am.<\/p>\n

Have a good weekend and enjoy the Grand Prix, hopefully a bit more interesting than the previous one.<\/p>\n

 <\/p>\n

<\/p>\n

 <\/p>\n

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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
10:21:13PM<\/span><\/td>\nBRENT<\/span><\/td>\n7194.2<\/span><\/td>\n7092<\/span><\/td>\n7010<\/span><\/td>\n<\/td>\n7172<\/span><\/td>\n7282<\/span><\/td>\n7372<\/span><\/td>\n<\/td>\n7159<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:49:22PM<\/span><\/td>\nGOLD<\/span><\/td>\n2558.25<\/span><\/td>\n2542<\/span><\/td>\n2537<\/span><\/td>\n<\/td>\n2556<\/span><\/td>\n2560<\/span><\/td>\n2573<\/span><\/td>\n<\/td>\n2542<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:02:25PM<\/span><\/td>\nFTSE<\/span><\/td>\n8253.1<\/span><\/td>\n8218<\/span><\/td>\n8189<\/span><\/td>\n<\/td>\n8251<\/span><\/td>\n8281<\/span><\/td>\n8316<\/span><\/td>\n<\/td>\n8248<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:14:38PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4823.7<\/span><\/td>\n4782<\/span><\/td>\n4775<\/span><\/td>\n<\/td>\n4808<\/span><\/td>\n4839<\/span><\/td>\n4862<\/span><\/td>\n<\/td>\n4817<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:17:14PM<\/span><\/td>\nGERMANY<\/span><\/td>\n18567<\/span><\/td>\n18382<\/span><\/td>\n18339<\/span><\/td>\n<\/td>\n18483<\/span><\/td>\n18594<\/span><\/td>\n18670<\/span><\/td>\n<\/td>\n18549<\/span><\/td>\n<\/td>\n<\/tr>\n
11:20:25PM<\/span><\/td>\nUS500<\/span><\/td>\n5596.3<\/span><\/td>\n5536<\/span><\/td>\n5516<\/span><\/td>\n<\/td>\n5567<\/span><\/td>\n5605<\/span><\/td>\n5628<\/span><\/td>\n<\/td>\n5573<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:44:48PM<\/span><\/td>\nDOW<\/span><\/td>\n41110<\/span><\/td>\n40659<\/span><\/td>\n40482<\/span><\/td>\n<\/td>\n40975<\/span><\/td>\n41134<\/span><\/td>\n41317<\/span><\/td>\n<\/td>\n41000<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:50:08PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n19422.9<\/span><\/td>\n19162<\/span><\/td>\n19104<\/span><\/td>\n<\/td>\n19317<\/span><\/td>\n19460<\/span><\/td>\n19607<\/span><\/td>\n<\/td>\n19239<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:53:53PM<\/span><\/td>\nJAPAN<\/span><\/td>\n36996<\/span><\/td>\n36382<\/span><\/td>\n36180<\/span><\/td>\n<\/td>\n36702<\/span><\/td>\n37060<\/span><\/td>\n37148<\/span><\/td>\n<\/td>\n36646<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

12\/09\/2024 FTSE Closed at 8240 points. Change of 0.57%. Total value traded through LSE was: \u00a3 5,544,211,682 a change of 9.81%<\/h5>\n
11\/09\/2024 FTSE Closed at 8193 points. Change of -0.15%. Total value traded through LSE was: \u00a3 5,048,721,179 a change of -0.13%<\/h5>\n
10\/09\/2024 FTSE Closed at 8205 points. Change of -0.79%. Total value traded through LSE was: \u00a3 5,055,044,781 a change of 31.7%<\/h5>\n
9\/09\/2024 FTSE Closed at 8270 points. Change of 1.09%. Total value traded through LSE was: \u00a3 3,838,355,695 a change of -22.29%<\/h5>\n
6\/09\/2024 FTSE Closed at 8181 points. Change of -0.73%. Total value traded through LSE was: \u00a3 4,939,178,824 a change of -5.79%<\/h5>\n
5\/09\/2024 FTSE Closed at 8241 points. Change of -0.34%. Total value traded through LSE was: \u00a3 5,242,721,349 a change of 2.61%<\/h5>\n
4\/09\/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: \u00a3 5,109,260,535 a change of 3.53% <\/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:CEY Centamin** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **<\/p>\n

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

Updated charts published on : Centamin, British Airways, National Glib,<\/p>\n

\n

LSE:CEY Centamin<\/span>. Close Mid-Price: 154 Percentage Change: + 2.94% Day High: 156.4 Day Low: 149<\/h4>\n

Target met. Continued trades against CEY with a mid-price ABOVE 156.4 sho ……..<\/span><\/p>\n

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

<\/p<\/p>\n

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

\n

LSE:IAG British Airways<\/span>. Close Mid-Price: 195.55 Percentage Change: + 1.06% Day High: 196.5 Day Low: 189.75<\/h4>\n

Target met. All British Airways needs are mid-price trades ABOVE 196.5 t ……..<\/span><\/p>\n

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

<\/p<\/p>\n

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

\n

LSE:NG. National Glib Close Mid-Price: 1037.5 Percentage Change: -0.43% Day High: 1053 Day Low: 1035.5 <\/span><\/h4>\n

Further movement against National Glib ABOVE 1053 should improve accelera ……..<\/span><\/p>\n

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

<\/p<\/p>\n

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

\n

LSE:OCDO Ocado Plc Close Mid-Price: 319.7 Percentage Change: -1.69% Day High: 332.1 Day Low: 316.3 <\/span><\/h4>\n

If Ocado Plc experiences continued weakness below 315.1, it will invariabl ……..<\/span><\/p>\n

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

<\/p<\/p>\n

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

\n

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

#FTSE #GOLD Projecting market direction sometimes feels like publicising Aura Borealis or Meteor sighting potentials, an exercise which often leads to disappointment.\u00a0 Tonight, with the outside temperature at -2c, a clear sky and fully charged camera, all the hype about a promised Borealis starts to feel like clickbait though we did see an IcelandAir jet … <\/p>\n

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