#Brent #DAX Sometimes it feels like the market is deliberately spiteful. Three weeks ago, we opted to restrict our Barclays coverage to a single sentence, demanding the price needed go below 174p for concern. Ten days later, it teased by bouncing from 174.26p, crucially not breaking the trigger, and doing very little since. Given the care taken by the market to avoid the 174p level, it appears certain our sums were correct.
While below 174p remains problematic, still pointing at a bottom of 167p with secondary, if broken, down at 155p, we’re inclined toward some hope.
Firstly, the price is trading above its pre-pandemic high.
Secondly, the price is trading above the downtrend since 2013.
Third, it very studiously failed to break our drop trigger level. So, it’s officially fingers crossed time!
Presently trading around 188p, the share only need better 192p to trigger gains in the direction of 198.7p. If bettered, our secondary (longer term or within a day or two!) calculates at 216p. The important thing about such a movement is it places the price firmly in a region where 240p becomes a Big Picture point of interest.
China Yuan vs UK Sterling We’ve never covered this before and a glance at the pairings behaviour since 2016 probably explains why. In terms of currency relationships, the picture is pretty calm and boring, stability doubtless a good thing given the quantity bought from China. There are early signs illustrating the potential for coming weakness, essentially suggesting traffic below 8.73 risks GBP weakening down to 8.50. If broken, as looks possible, our secondary (and hopefully bouncy bottom) calculates at 8.09.
While we suspect weakness to be coming, there’s a fairly straightforward test required to ‘prove’ if the GB Pound is strengthening against the Yuan. At time of writing, the pair is around 8.735, needing above just 9.06 to trigger movement to an initial 9.253. Our secondary for the longer term, if bettered, works out at 9.620.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 12:48:34PM | BRENT | 79.16 | 77.51 | 77.1 | 76.36 | 78.75 | 79.31 | 79.605 | 80.64 | 77.85 | |
| 12:50:27PM | GOLD | 1760.97 | |||||||||
| 12:52:34PM | FTSE | 7065.31 | ‘cess | ||||||||
| 12:54:33PM | FRANCE | 6540.5 | ‘cess | ||||||||
| 12:56:53PM | GERMANY | 15247 | 15053 | 15016 | 14931 | 15178 | 15275 | 15374 | 15506 | 15104 | |
| 12:59:22PM | US500 | 4353 | ‘cess | ||||||||
| 1:02:26PM | DOW | 34296 | ‘cess | ||||||||
| 1:04:23PM | NASDAQ | 14771 | ‘cess | ||||||||
| 1:06:41PM | JAPAN | 29043 | Success |
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%
30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%
28/09/2021 FTSE Closed at 7028 points. Change of -0.5%. Total value traded through LSE was: £ 7,157,189,596 a change of 15.93%
27/09/2021 FTSE Closed at 7063 points. Change of 0.17%. Total value traded through LSE was: £ 6,173,668,955 a change of 22.77%
24/09/2021 FTSE Closed at 7051 points. Change of -0.38%. Total value traded through LSE was: £ 5,028,502,526 a change of -6.23%
23/09/2021 FTSE Closed at 7078 points. Change of -0.07%. Total value traded through LSE was: £ 5,362,462,206 a change of 4.68%
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. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:ITRK Intertek** **LSE:POLY Polymetal** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:VOD Vodafone** **
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Updated charts published on : Asos, Aviva, BALFOUR BEATTY, Barrett Devs, Cellular Goods, Foxtons, Genel, Intertek, Polymetal, Royal Mail, Speedyhire, Spirax, Vodafone,
LSE:ASC Asos Close Mid-Price: 2965 Percentage Change: -1.23% Day High: 2980 Day Low: 2911
Weakness on Asos below 2911 will invariably lead to 2630 with secondary, ……..
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View Previous Asos & Big Picture ***
LSE:AV. Aviva Close Mid-Price: 393.8 Percentage Change: -0.53% Day High: 396.2 Day Low: 387.4
Continued weakness against AV. taking the price below 387.4 calculates as ……..
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View Previous Aviva & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 272.8 Percentage Change: + 0.66% Day High: 274.8 Day Low: 266.4
Target met. If BALFOUR BEATTY experiences continued weakness below 266.4, ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 654 Percentage Change: -0.97% Day High: 656 Day Low: 643.6
Target met. Continued weakness against BDEV taking the price below 643.6 ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 7 Percentage Change: + 4.79% Day High: 7.9 Day Low: 6.6
Continued trades against CBX with a mid-price ABOVE 7.9 should improve th ……..
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View Previous Cellular Goods & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 49.9 Percentage Change: -0.20% Day High: 49.95 Day Low: 47.15
Target met. Weakness on Foxtons below 47.15 will invariably lead to 44.5 ……..
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View Previous Foxtons & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 148.8 Percentage Change: + 4.49% Day High: 149.6 Day Low: 138
All Genel needs are mid-price trades ABOVE 149.6 to improve acceleration ……..
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View Previous Genel & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4867 Percentage Change: -2.21% Day High: 4921 Day Low: 4845
In the event Intertek experiences weakness below 4845 it calculates with ……..
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View Previous Intertek & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1228 Percentage Change: -2.38% Day High: 1260 Day Low: 1226
Continued weakness against POLY taking the price below 1226 calculates as ……..
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View Previous Polymetal & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 416.6 Percentage Change: -1.09% Day High: 425.2 Day Low: 414.3
Continued weakness against RMG taking the price below 414.3 calculates as ……..
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View Previous Royal Mail & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 63.1 Percentage Change: -0.79% Day High: 64.1 Day Low: 62.9
In the event Speedyhire experiences weakness below 62.9 it calculates wit ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 14765 Percentage Change: -1.37% Day High: 15010 Day Low: 14660
Weakness on Spirax below 14660 will invariably lead to 14620p with second ……..
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View Previous Spirax & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 112.2 Percentage Change: -0.97% Day High: 113.34 Day Low: 111.7
Target met. Continued weakness against VOD taking the price below 111.7 c ……..
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View Previous Vodafone & Big Picture ***