#Brent #SP500 It took a video of a recovered sea lion being released into the wild in California for the penny to finally drop about Brexit! The animal bounced out of its cage, heading toward the sea, then had a “wait a moment” period of lucidity. It realised it was about to be free, able to think for itself, do whatever it wanted and did the sensible thing. It bounced frantically back to its cage, realising it was about to abandon a cushy life and would have to start working again. Drawing a simile with the UK’s position following Brexit, our government appears to be echoing that sea lions behaviour, bouncing back to the illusory safety of Europe rather than risk taking advantage of its new position.
Who knows, it’s a theory… But that sea lion only sheltered for a few minutes in its cage before rocketing out and positively charging through the waves, giving a celebratory jump, and embracing freedom. Of course, once the analogy hit home, it transpired YouTube is a rabbit hole to fall into with countless videos of penguins, raptors, monkeys, orang-utans, and bears, unhappy at the idea of freedom. Initially it looks cute but the animals always eventually chose freedom.
Maybe the UK should emplace cages on the southern shores to catch immigrants, hold them for a couple of days, then release and see if they head back into the sea and return to France. (This comedy scenario would certainly deserve a funny TV skit, it any programs still existed such as Not The 9 O’clock News.)
Our previous glance at Lloyds proved quite prescient. We had allocated a bottom at 53p and on the day, the share price closed the session at 53.08p and bounced.
There are obviously risks of further drops and it’s possible to define a perfect trajectory. Now below 53p risks triggering reversal to an initial 48 with our secondary, if broken, down at an eventual bottom of 43p. We should point out that visually, we do not anticipate such a catastrophe. Hopefully the UK politicians stay in their cages!
If things intend go right for Lloyds, we are inclined to regard share price closure above 57.2p as important, moving the share price into a cycle where an initial 60.5p looks likely with our secondary, if beaten, at 66p. This secondary remains a big deal from a Big Picture perspective, such a movement taking the share price into a zone where a longer term cycle to 92p becomes possible.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:56:27PM | BRENT | 7093.5 | 7076 | 6963 | 6846 | 7180 | 7248 | 7298 | 7372 | 7159 |
| 10:58:39PM | GOLD | 2562.6 | 2560 | |||||||
| 11:03:32PM | FTSE | 8079.3 | 8056 | |||||||
| 11:09:06PM | STOX50 | 4792.3 | 4803 | |||||||
| 11:13:47PM | GERMANY | 19238.1 | 19193 | |||||||
| 11:39:53PM | US500 | 5877.6 | 5852 | 5803 | 5727 | 5930 | 5939 | 5976 | 6017 | 5907 |
| 11:43:56PM | DOW | 43399 | 43549 | |||||||
| 11:46:25PM | NASDAQ | 20455.5 | 20581 | |||||||
| 11:50:24PM | JAPAN | 38001 | 38416 |
16/11/2024 FTSE Closed at 8063 points. Change of -0.1%. Total value traded through LSE was: £ 5,468,037,498 a change of 6.49%
14/11/2024 FTSE Closed at 8071 points. Change of 0.51%. Total value traded through LSE was: £ 5,134,648,719 a change of -9.92%
13/11/2024 FTSE Closed at 8030 points. Change of 0.06%. Total value traded through LSE was: £ 5,699,909,508 a change of -5.55%
12/11/2024 FTSE Closed at 8025 points. Change of -1.23%. Total value traded through LSE was: £ 6,035,103,629 a change of 29.75%
11/11/2024 FTSE Closed at 8125 points. Change of 0.66%. Total value traded through LSE was: £ 4,651,326,032 a change of -15.42%
8/11/2024 FTSE Closed at 8072 points. Change of -0.84%. Total value traded through LSE was: £ 5,499,106,289 a change of -11.31%
7/11/2024 FTSE Closed at 8140 points. Change of -0.32%. Total value traded through LSE was: £ 6,200,390,802 a change of -20.9% 
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:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:OPG OPG Power Ventures** **
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Updated charts published on : Gulf Keystone, British Airways, Intercontinental Hotels Group, Just Eat, OPG Power Ventures,
LSE:GKP Gulf Keystone. Close Mid-Price: 143.8 Percentage Change: + 4.20% Day High: 145.5 Day Low: 135.9
All Gulf Keystone needs are mid-price trades ABOVE 145.5 to improve accel ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 241.9 Percentage Change: + 1.13% Day High: 242.8 Day Low: 237.6
Target met. All British Airways needs are mid-price trades ABOVE 242.8 t ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 9500 Percentage Change: + 0.08% Day High: 9592 Day Low: 9438
Target met. All Intercontinental Hotels Group needs are mid-price trades ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1174 Percentage Change: -0.34% Day High: 1220 Day Low: 1166
Target met. In the event of Just Eat enjoying further trades beyond 1220, ……..
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View Previous Just Eat & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 6.6 Percentage Change: -26.67% Day High: 9.05 Day Low: 5.2
Target met. In the event OPG Power Ventures experiences weakness below 5. ……..
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View Previous OPG Power Ventures & Big Picture ***