#Gold #Nasdaq Sometimes, a company can experience share price movements which almost defy logic, causing us endless irritation as we try and make sense of the nonsensical. #Tullow falls, quite neatly, into this category or perhaps it’s just moving slower than we’d like. Doubtless their share price shall suffer some immediate damage, due to the weakening of Crude, but from a chart perspective, we’re not inclined toward great concern.
From our perspective, this share price requires to slump below 29p to undo the “Big Picture” effort it has been displaying since the start of April. Thus far, it has provided a scenario where movement above 40.3p should next propel the share value to an initial 51p with our secondary, if beaten, an eventual impressive 56p. Unfortunately, one heck of a lot of folk will be jaded with the share price dance since the start of 2023, the market almost declaring openly it was not going to be permitted above 39p. But with the Blue downtrend since 2019 being exceeded at the start of April, the price appeared to have little difficulty in surging to a new high of 40.32, even managing to close the day marginally above the 39p level and thus, giving a strong suggestion this downtrend may be important.
We’re more than a little cynical about the price of crude, believing some emergency or other shall make itself known and be used, as always, to recover the price back into the realms of the $80 level, a price level the market feels quite happy with. As a result, any day now a missile shall probably hit a refinery or store, declared an out of control accident, but the markets will use it as a good excuse to once again inflate the price of oil. In other words, despite there being a strong argument for Brent Crude to drain down to an eventual $71, it feels like the Middle East never has a shortage of reasons to create a panic. It would certainly be fun to see a bunch of the “Just Stop Oil” folks blockading Suez with a bunch of rubber dingy’s with electric outboards.
If the market gets serious about reversing Tullow, below 29p would threaten a visit to an initial 26p with secondary, if broken, at 22p and hopefully a rebound.
Visually, we quite like Tullow, regarding it as now trading in a zone where a lift to a long term 75p makes a lot of sense, even visually. But it’s also true to suggest their share price movements sometimes make the retail banking sector look like it has discovered how to spell “integrity”.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:49:07PM | BRENT | 7815.7 | |||||||||
| 11:51:31PM | GOLD | 2350.4 | 2333 | 2307 | 2289 | 2353 | 2355 | 2366 | 2383 | 2345 | |
| 11:54:32PM | FTSE | 8255.7 | |||||||||
| 11:57:53PM | STOX50 | 4997.6 | |||||||||
| 12:00:44AM | GERMANY | 18576 | ‘cess | ||||||||
| 12:03:42AM | US500 | 5286.5 | Shambles | ||||||||
| 12:06:44AM | DOW | 38580 | |||||||||
| 12:09:00AM | NASDAQ | 18615.5 | 18394 | 18306 | 18173 | 18551 | 18704 | 18788 | 18988 | 18568 | |
| 12:19:00AM | JAPAN | 38667 | 38429 | 38315 | 38200 | 38565 | 38720 | 38799 | 39190 | 38733 | ‘cess |
3/06/2024 FTSE Closed at 8262 points. Change of -0.16%. Total value traded through LSE was: £ 5,873,182,024 a change of -59.21%
31/05/2024 FTSE Closed at 8275 points. Change of 0.53%. Total value traded through LSE was: £ 14,399,322,984 a change of 74.95%
30/05/2024 FTSE Closed at 8231 points. Change of 0.59%. Total value traded through LSE was: £ 8,230,680,116 a change of 35.4%
29/05/2024 FTSE Closed at 8183 points. Change of -0.86%. Total value traded through LSE was: £ 6,078,579,262 a change of 7.75%
28/05/2024 FTSE Closed at 8254 points. Change of -0.76%. Total value traded through LSE was: £ 5,641,394,856 a change of 14.03%
24/05/2024 FTSE Closed at 8317 points. Change of -0.26%. Total value traded through LSE was: £ 4,947,346,285 a change of -38.57%
23/05/2024 FTSE Closed at 8339 points. Change of -100%. Total value traded through LSE was: £ 8,053,731,391 a change of 0% 
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:BARC Barclays** **LSE:GRG Greggs** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **
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Updated charts published on : Barclays, Greggs, IG Group, ITV, Marks and Spencer, Rockhopper, Rolls Royce,
LSE:BARC Barclays Close Mid-Price: 219.2 Percentage Change: -0.36% Day High: 224.25 Day Low: 219.05
Target met. Continued trades against BARC with a mid-price ABOVE 224.25 s ……..
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View Previous Barclays & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 2938 Percentage Change: -0.07% Day High: 2976 Day Low: 2922
Target met. Continued trades against GRG with a mid-price ABOVE 2976 shou ……..
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View Previous Greggs & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 822 Percentage Change: + 1.48% Day High: 825 Day Low: 812.5
Target met. Further movement against IG Group ABOVE 825 should improve ac ……..
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View Previous IG Group & Big Picture ***
LSE:ITV ITV Close Mid-Price: 78.9 Percentage Change: -0.88% Day High: 81 Day Low: 79.05
Target met. In the event of ITV enjoying further trades beyond 81, the sh ……..
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View Previous ITV & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 306.1 Percentage Change: + 1.36% Day High: 309.9 Day Low: 304.9
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 886 Percentage Change: + 0.41% Day High: 907.2 Day Low: 882.6
All National Glib needs are mid-price trades ABOVE 907.2 to improve accel ……..
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View Previous National Glib & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 13.72 Percentage Change: -3.35% Day High: 14.2 Day Low: 13.35
Continued trades against RKH with a mid-price ABOVE 14.2 should improve t ……..
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View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 460.9 Percentage Change: + 1.65% Day High: 466.7 Day Low: 458.6
Target met. In the event of Rolls Royce enjoying further trades beyond 46 ……..
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View Previous Rolls Royce & Big Picture ***