#Brent #Dax It’s difficult to pinpoint anything enacted by government recently which actually benefits society. We’ve developed a major hatred for a device called a Diesel Particulate Filter (DPF), a gizmo designed to ensure folk in country areas have economically unrepairable diesel vehicles within 5 years. But a new piece of idiocy is the tag on screwtop plastic bottles, linking the lid to the bottle.
The apparent “green” theory is we unscrew the caps, throw them away, creating a tsunami of bottle tops which haven’t been recycled. Instead, some government “green” committee has decided to make it impossible to unscrew the lid and take a drink of cola. Instead, we’ve a choice. Give the cap a hard pull and risk piercing your lip with the remaining plastic needle or hold the cap aside and pour the contents into a plastic cup. While driving, of course. By any standards, it’s a frankly stupid initiative, one which could have been sunk by a visit to a recycling centre, where it would reveal the vast majority of bottles have their lids refitted. I’m surely not the only person in the world who’s got a bottle of water rolling around on the rear floor of the car, the top firmly sealed and the contents utterly free of taste. Designing a plastic tag to keep the lid attached to the bottle serves no purpose, other than giving a bunch of “green” idiots an illusion they are being useful. They are not, the cap still needs detached to be recycled as it’s a plastic, whereas the polyethylene bottle has its own shredded destiny ahead.
And thus, if you find yourself in a position of challenging a political candidate with a difficult question, why not select either of the subjects above. You could ask about retail banks share prices, politicians always able to produce a master-class in “the Goldfish” impression as they open and close their mouths without sound coming out. But it’s the apparent inability of politicians to actually do anything useful which causes frustration and for this voter personally, July 4th shall doubtless involve a day at the beach, once the words “none of the above” have been scrawled on the ballot paper.
When we previously reviewed Natwest, we cheerfully provided a reason for some optimism, giving share price closure above 315p as providing almost certain hope. In the intervening period, the share has achieved this ambition on three occasions, utterly failing to do anything useful thereafter. Worse, it has created a fairly nasty near term scenario where weakness below 300p risks promoting reversal to an initial 285p with our secondary, if broken, at 278p and hopefully a bounce.
It is probably folly to pretend any optimism until the trough at Westminster refills on July 5th. We can point out movement above 320p now calculates with the potential of a lift to 338p next with our secondary, if exceeded, working out at 335p and almost certain hesitation. But for now, we’re as confident of this as believing politicians shall ever have the courage to unwind some of the ridiculous green regulations which continue to make no sense.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:04:11PM | BRENT | 8245.9 | 8077 | 7652 | 7148 | 8325 | 8268 | 8286 | 8306 | 8235 |
| 10:10:17PM | GOLD | 2332.44 | 2323 | |||||||
| 10:47:27PM | FTSE | 8173.8 | 8163 | |||||||
| 10:50:24PM | STOX50 | 4839.3 | 4842 | |||||||
| 10:52:30PM | GERMANY | 18000.4 | 17949 | 17544 | 17081 | 18204 | 18114 | 18129 | 18189 | 18023 |
| 10:57:00PM | US500 | 5430.5 | 5424 | |||||||
| 11:00:27PM | DOW | 38554.5 | 38601 | |||||||
| 11:04:19PM | NASDAQ | 19667 | 19654 | |||||||
| 11:06:13PM | JAPAN | 38501 | 38440 |
14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%
13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%
12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%
11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%
10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%
7/06/2024 FTSE Closed at 8245 points. Change of -0.48%. Total value traded through LSE was: £ 4,713,927,581 a change of 0.32%
6/06/2024 FTSE Closed at 8285 points. Change of 0.47%. Total value traded through LSE was: £ 4,698,915,634 a change of -17.77% 
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:AVCT Avacta** **LSE:BDEV Barrett Devs** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:OPG OPG Power Ventures** **LSE:QED Quadrise** **
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Updated charts published on : Avacta, Barrett Devs, B & M, British Telecom, OPG Power Ventures, Quadrise,
LSE:AVCT Avacta. Close Mid-Price: 40.25 Percentage Change: + 0.62% Day High: 40.5 Day Low: 39.75
Weakness on Avacta below 39.75 will invariably lead to 39p with secondary ……..
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View Previous Avacta & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 488.9 Percentage Change: -2.26% Day High: 502.2 Day Low: 486.2
Continued weakness against BDEV taking the price below 486.2 calculates a ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BME B & M Close Mid-Price: 463 Percentage Change: -0.43% Day High: 466.2 Day Low: 459.9
In the event B & M experiences weakness below 459.9 it calculates with a ……..
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View Previous B & M & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 139.55 Percentage Change: + 3.37% Day High: 139.6 Day Low: 134.95
Further movement against British Telecom ABOVE 139.6 should improve accel ……..
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View Previous British Telecom & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 10.1 Percentage Change: -1.46% Day High: 10.4 Day Low: 10.15
Weakness on OPG Power Ventures below 10.15 will invariably lead to 9.4 wi ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 2.48 Percentage Change: + 6.45% Day High: 2.5 Day Low: 2.34
Continued trades against QED with a mid-price ABOVE 2.5 should improve th ……..
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View Previous Quadrise & Big Picture ***