#GOLD #SP500 Women are funny about Wedding Anniversary’s and my wife is no exception to the rule. But we’ve both been suffering symptoms of an extremely annoying cold for a few weeks and when she exclaimed at lunchtime, “it’s our Wedding Anniversary!”, I felt slightly smug she’d forgotten too. There’s usually a bit of a song and dance in the run up to the date, while we decide which restaurant to visit and what Champagne to buy. This year, we’d both forgotten our ’32nd Year of Misery’ and worse, couldn’t be bothered going through the motions. By mid-afternoon, an excuse was found to visit the local supermarket, buying some expensive Champagne, some bunches of flowers, a big box of Maltesers, and a bottle of Drambuie. In addition, some Haggis, a turnip and a bag of potatoes was obtained. And on the way home, took our traditional snapshot of some snow capped mountains.
While we both abhor the annual charade of Burns Night on 25th January in Scotland, habitually we do make a traditional Haggis dinner around the date. My job is to slice, boil, and mash the rock solid turnip, my wife does the rest. Dinner is eventually served alongside a couple of Drambuie liqueur coffees and the bottle of Champagne interred on its side on the Champagne rack. We both hate Champagne but somehow or other, indulge in buying a bottle to mark our wedding anniversary. It makes counting the years of marriage quite easy and occasionally provokes interesting discussion on our taste in the product with folks who like Champagne, usually a bit irritated at our attitude to the stuff.
Over dinner, we decided the collection must be approaching a “Drink By” date, so during 2029 we’re going to host a BBQ with “all you can drink” Champagne to celebrate the 35th bottle. It will finally put an end to a silly tradition as we’ve never been asked to officiate over ship launches, the other viable way of ditching the stuff!
Doc Martens Plc appear poised to deliver the sort of kicking to their share price a husband would expect, had he been the only one to forget a 32nd Wedding Anniversary. But in this instance, we think our usual logic may falter and produce a level at which a rebound could be anticipated.
Currently, below 65p risks triggering further reversals to an initial 61p with our secondary, if broken, at 48p and a visual match with the lows of April last year. But there is a big “however” in this scenario as it risks taking their share price below the level of trend break in June 2025, when the share price was 59p. We do set some store with these trend break levels, almost always suggesting closure below a trend break point will always be a bad thing. And in the future, once some amateur drama takes place below a trend break point, if the price closes above that level allows us to indulge in pretty confident recovery ambitions.
Thus, with an argument favouring an initial 61p target, we’d be hoping for a rebound around such a level. While this thought will invariably require some lucky charms, a rebound shall be a reasonable expectation. If such a level breaks, while 48p is almost certain to provide a trampoline level, experience has taught any proper recovery can take an age as the historical trend break level of 61 shall invariably present a glass ceiling against any strong future recovery.
Of course, we can present a converse viewpoint.
Should the share price wander above just 76p, it “risks” triggering movement upward to an initial 89 with our secondary, if beaten, now at 99p. The 99p level is a visual problem, historical the share price proving itself incapable of rising above such a ceiling. However, closure above such a level shall indicate the footwear company deserves a new lease of life.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:32:02PM | BRENT | 6670.1 | Success | ||||||||
| 11:39:50PM | GOLD | 5224.37 | 5160 | 5142 | 5117 | 5180 | 5231 | 5283 | 5380 | 5156 | Success |
| 11:44:07PM | FTSE | 10198 | Success | ||||||||
| 11:21:28PM | STOX50 | 5987.2 | |||||||||
| 11:25:16PM | GERMANY | 24898.7 | ‘cess | ||||||||
| 11:28:01PM | US500 | 6996.5 | 6942 | 6917 | 6889 | 6971 | 6999 | 7042 | 7129 | 6962 | ‘cess |
| 11:45:45PM | DOW | 49015 | |||||||||
| 11:48:48PM | NASDAQ | 26069 | ‘cess | ||||||||
| 11:53:31PM | JAPAN | 53065 | ‘cess |
27/01/2026 FTSE Closed at 10207 points. Change of 0.58%. Total value traded through LSE was: £ 6,578,616,321 a change of 11.32%
26/01/2026 FTSE Closed at 10148 points. Change of 0.05%. Total value traded through LSE was: £ 5,909,471,540 a change of -3.4%
23/01/2026 FTSE Closed at 10143 points. Change of -0.07%. Total value traded through LSE was: £ 6,117,563,035 a change of -17.66%
22/01/2026 FTSE Closed at 10150 points. Change of 0.12%. Total value traded through LSE was: £ 7,429,608,745 a change of -10.7%
21/01/2026 FTSE Closed at 10138 points. Change of 0.12%. Total value traded through LSE was: £ 8,319,716,543 a change of -14.69%
20/01/2026 FTSE Closed at 10126 points. Change of -0.68%. Total value traded through LSE was: £ 9,752,396,465 a change of 107.45%
19/01/2026 FTSE Closed at 10195 points. Change of -0.39%. Total value traded through LSE was: £ 4,701,087,965 a change of -48.92% 
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:BT.A British Telecom** **LSE:CNA Centrica** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:SPX Spirax** **
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Updated charts published on : British Telecom, Centrica, Experian, Fresnillo, HSBC, ITM Power, Lloyds Grp., National Glib, Oxford Instruments, Spirax,
LSE:BT.A British Telecom. Close Mid-Price: 187.1 Percentage Change: + 2.35% Day High: 186.6 Day Low: 182.2
Above 196 should now be interesting, allowing for movement to an almost ce ……..
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View Previous British Telecom & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 187.55 Percentage Change: + 1.60% Day High: 186.75 Day Low: 183.85
All Centrica needs are mid-price trades ABOVE 186.75 to improve accelerat ……..
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View Previous Centrica & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2785 Percentage Change: -5.01% Day High: 2937 Day Low: 2782
Target met. Weakness on Experian below 2782 will invariably lead to 2777p ……..
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View Previous Experian & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 4140 Percentage Change: -6.92% Day High: 4402 Day Low: 4104
In the event of Fresnillo enjoying further trades beyond 4402, the share ……..
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View Previous Fresnillo & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1277.2 Percentage Change: + 2.82% Day High: 1283.4 Day Low: 1258.4
Target met. Continued trades against HSBA with a mid-price ABOVE 1283.4 s ……..
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View Previous HSBC & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 67.9 Percentage Change: -0.73% Day High: 68.9 Day Low: 66.6
Below 62 now risks a visit to an initial 55 with our secondary – and a may ……..
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View Previous ITM Power & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 105.25 Percentage Change: + 2.18% Day High: 105.15 Day Low: 103.3
Target met. All Lloyds Grp. needs are mid-price trades ABOVE 105.15 to im ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1222.5 Percentage Change: + 1.54% Day High: 1224 Day Low: 1183
Target met. In the event of National Glib enjoying further trades beyond ……..
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View Previous National Glib & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2515 Percentage Change: -0.40% Day High: 2535 Day Low: 2490
All Oxford Instruments needs are mid-price trades ABOVE 2535 to improve a ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 7390 Percentage Change: + 2.43% Day High: 7485 Day Low: 7255
In the event of Spirax enjoying further trades beyond 7485, the share sho ……..
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View Previous Spirax & Big Picture ***