#Brent #Dax
Few things pictorially describe our newest UK Prime Minister, along with her Chancellor, first few weeks in office better than a glance at any banking sector share. We often joke about politicians and their efforts to damage the country but, in this instance, it actually appears to be true. The somewhat indecent rush to the political trough managed to grind common sense into the mud.
Then again, the folk doing the most complaining are also those who thought Gordon Brown was something of a genius for his behaviour during the financial crisis. Those opinions now, of course, quietly forgotten. Personally, the moment he sought to declare Iceland a ‘terrorist state’ marked the point at which his judgement during the crisis needed questioned. Instead, he was feted as the only one capable of making decisions, while the rest of the world floundered, completely unable to figure out what to do when businesses went broke due to their own incompetence.
Obviously, Natwest share price remains suffering a hangover from the glory days of 2009, a period when their share price hit 9.5p. Currently trading around 230p, share splits conceal the salient fact the true price, adjusting for splits, is around 22.5p. Any conclusion of the banking sector not recovering from the 2009 shambles is correct.
Three weeks ago, when we reviewed Natwest, some optimism leaked into our report. Unfortunately, it appears the best efforts of the current Prime Minister successfully derailed hope for the future, parking the share in a zone where hope is suffering from its version of a supply chain crisis. The immediate situation is pretty vile as below 216p now calculates with the potential of reversal to 200p, a price level where the visuals anticipate a bounce. However, should the 200p level be broken, things risk becoming murky, thanks to the presence of our longer term secondary at 181p. At this point, there’s nothing on the chart hinting a rebound should be anticipated, making us a little nervous.
On the converse side of life, if Natwest intends discover positive action, movement above 242p should apparently prove capable of a lift to an initial 251p. Amazingly, above this level produces a truly amazing target of 294p, a price level which will demand we pick our jaw off the floor and hurriedly redo long term calculations as some “real” movement becomes possible.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 8:02:50PM | BRENT | 97.77 | 93.45 | 92.34 | 90.44 | 95.62 | 98.1 | 99.025 | 101.38 | 96.62 | Success |
| 8:04:58PM | GOLD | 1695.2 | Success | ||||||||
| 9:07:08PM | FTSE | 6981 | |||||||||
| 9:38:27PM | STOX50 | 3366.1 | Success | ||||||||
| 9:41:02PM | GERMANY | 12242.62 | 12190 | 12153 | 12081 | 12284 | 12500 | 12520 | 12630 | 12360 | Success |
| 9:43:56PM | US500 | 3639 | Success | ||||||||
| 9:47:04PM | DOW | 29305 | Success | ||||||||
| 10:01:11PM | NASDAQ | 11043 | Success | ||||||||
| 10:08:24PM | JAPAN | 26698 | Success |
7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%
6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%
5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%
4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%
3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%
30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%
29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **
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Updated charts published on : Aston Martin, Asos, BP PLC, ECO (Atlantic) O & G, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Sainsbury,
LSE:AML Aston Martin Close Mid-Price: 96.26 Percentage Change: -5.44% Day High: 104 Day Low: 95.44
Target met. In the event Aston Martin experiences weakness below 95.44 it ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 532 Percentage Change: -3.54% Day High: 575.5 Day Low: 537
In the event Asos experiences weakness below 537 it calculates with a dro ……..
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View Previous Asos & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 469.1 Percentage Change: + 1.90% Day High: 471.1 Day Low: 460.6
Further movement against BP PLC ABOVE 471.1 should improve acceleration t ……..
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View Previous BP PLC & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36.5 Percentage Change: + 4.89% Day High: 36.75 Day Low: 35
Target met. Continued trades against ECO with a mid-price ABOVE 36.75 sho ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1252.8 Percentage Change: -8.82% Day High: 1354.2 Day Low: 1251.2
Weakness on Just Eat below 1251.2 will invariably lead to 1180 next with ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 93.86 Percentage Change: -2.41% Day High: 96.96 Day Low: 93.5
Continued weakness against MKS taking the price below 93.5 calculates as ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 908 Percentage Change: -0.18% Day High: 923.6 Day Low: 902.2
In the event National Glib experiences weakness below 902.2 it calculates ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 432.1 Percentage Change: -5.78% Day High: 460.4 Day Low: 431.6
In the event Ocado Plc experiences weakness below 431.6 it calculates wit ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 170.15 Percentage Change: + 0.12% Day High: 172.35 Day Low: 168.7
Weakness on Sainsbury below 168.7 will invariably lead to 162 with second ……..
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View Previous Sainsbury & Big Picture ***