#Brent #SP500 Part of the route to become a “proper” airline pilot in the USA sometimes includes getting a job as a Pipeline Pilot, flying a Cessna above gas/water/oil pipelines and looking for potential problems. It’s mind numbing work, only carried out in daylight, the experience generated for potential pilots questionable, but the flight hours banked in the pilots log cannot be questioned. It’s surprising no-one has updated the old tune, The Wichita Lineman, to reflect modern methods of checking utility supplies.
When we previously glanced at DEC earlier this year, we were expecting the worst but surprisingly, it triggered and exceeded our initial gain target. Perhaps this was a reflection of the price of Natural Gas doubling during summer, the product unusually looking capable of reversals now we’re stumbling toward winter. It’s interesting to note Rowan trees locally are bearing amazing quantities of red berries, a stable diet of some birds, mice, red squirrel, and the occasional delusional wine maker. More importantly, in years when these trees show such a heavy fruit, it’s usually a signal for a “proper” winter with snow and cold, nature providing a crop for animals to prepare. Which is probably one of the silliest theories to suspect Natural Gas prices shall have an excuse to rise sharply but if you can’t trust the birds and the trees, who can you trust! Perhaps a Long position on Natural Gas may prove to be a good idea, if salting away a hedge for the winter.
Surprisingly, while Natural Gas prices were recently “gapped up” over their downtrend since the mid-summer high of $3200, DEC recently saw their share price “gapped down” below their uptrend since March (circled). This conflict of signals happened earlier in August, leaving us more than a little uncertain on what to believe. Is Gas wanting to head up or is DEC wanting to head down? The nature of Diversified Energy’s trend break makes us suspicious, essentially anticipating some reversals but thinking they shall be short lived, if Natural Gas is anything to go by.
This being the case, below just 1053p looks capable of an initial 1011 with our secondary, if broken, a less likely 911p. A visit to 1011p would certainly represent a valid point for a bounce, one which could be attained without the share price retreating below the Blue downtrend. It also makes the point where any bounce exceeding 1100p enters the realms of “hold on and see where it goes”.
Strictly speaking, our jobsworth software demands DEC exceed 1167p to be taken seriously as this now calculates with the potential of a lift to 1442p with our secondary, if beaten, working out at a longer term 1648p and an urgent need to revisit our tea leaves.
Something is certainly happening with the FTSE 250 member and it may prove worth keeping an eye on.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:59:35PM | BRENT | 7970.1 | 7955 | 7924 | 7823 | 7985 | 8232 | 8472 | 8793 | 8065 | |
| 11:02:35PM | GOLD | 2449.09 | Success | ||||||||
| 11:05:27PM | FTSE | 8277.7 | Success | ||||||||
| 11:09:38PM | STOX50 | 4729.1 | ‘cess | ||||||||
| 11:13:51PM | GERMANY | 17898 | ‘cess | ||||||||
| 11:16:18PM | US500 | 5452.4 | 5415 | 5400 | 5379 | 5439 | 5463 | 5472 | 5599 | 5433 | ‘cess |
| 11:19:36PM | DOW | 40025 | Success | ||||||||
| 11:23:36PM | NASDAQ | 19033.9 | ‘cess | ||||||||
| 11:26:37PM | JAPAN | 36585 |
14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%
13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%
12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%
9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%
8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%
7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12%
6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02% 
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:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:GKP Gulf Keystone** **LSE:JET Just Eat** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Astrazeneca, Barrett Devs, Gulf Keystone, Just Eat, Parkmead, Spirax, Tesco, Taylor Wimpey,
LSE:AZN Astrazeneca Close Mid-Price: 12902 Percentage Change: -0.14% Day High: 12990 Day Low: 12804
Further movement against Astrazeneca ABOVE 12990 should improve accelerat ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 549.2 Percentage Change: + 3.82% Day High: 545.8 Day Low: 532.6
Target met. All Barrett Devs needs are mid-price trades ABOVE 545.8 to im ……..
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View Previous Barrett Devs & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 125 Percentage Change: + 0.40% Day High: 127.1 Day Low: 121.6
Gulf Keystone needs mid-price trades ABOVE 1529 to improve acceleration to ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1104 Percentage Change: + 1.85% Day High: 1110 Day Low: 1084
Continued trades against JET with a mid-price ABOVE 1110 should improve t ……..
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View Previous Just Eat & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 97.05 Percentage Change: + 0.67% Day High: 99.3 Day Low: 95.4
All Primary Health needs are mid-price trades ABOVE 99.3 to improve accel ……..
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View Previous Primary Health & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 10.75 Percentage Change: -3.37% Day High: 11.12 Day Low: 10.75
Weakness on Parkmead below 10.75 will invariably lead to 10p with seconda ……..
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View Previous Parkmead & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 7565 Percentage Change: -1.11% Day High: 7695 Day Low: 7495
Weakness on Spirax below 7495 will invariably lead to 7446p with secondar ……..
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View Previous Spirax & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 340.6 Percentage Change: + 1.67% Day High: 340.2 Day Low: 336.5
Target met. All Tesco needs are mid-price trades ABOVE 340.2 to improve a ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 164.25 Percentage Change: + 3.63% Day High: 164.35 Day Low: 159.65
In the event of Taylor Wimpey enjoying further trades beyond 164.35, the ……..
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View Previous Taylor Wimpey & Big Picture ***