#Gold #DAX BP has finally achieved the targets we presented a month ago, managing to close above our 569p secondary target on several occasions. Perhaps more impressively, the share also tackled our third level target of 606p, exceeding that target slightly before closing the day at a shoulder disconnecting 605.3p. This sort of “pat on the back” is always appreciated as it confirms we’ve been following the correct trend from which to base our calculations!
Despite all this euphoria, there’s a bit of a worry becoming evident. The Blue downtrend on the chart below, a crayon mark which dates back to 2018, has been pierced 3 times during the last month. Obviously, this must be an effect of the ‘war on shipping’ currently ongoing and a quite strange economic situation which has been created. Usually, prices head upward due to Demand, sheer buying pressure creating inflationary circumstances. Now, a quite different situation exists as Demand has remained fairly steady, though in a state of constant decline due to the attempted shift to electric power. But Supply has faltered, oil refineries in Europe failing to be drip-fed the raw product needed to keep them ticking over. When, in the instance of the UK, this is blended with a government being wilfully blind to the UK’s assets in the North Sea and happy to see refineries close in their race to commit national economic suicide, events in the Middle East couldn’t have happened at a less inconvenient time.
The UK Prime Minister is doubtless drowning in mixed emotions, the shambles of Epstein/Mandelson keeping the shambles of Economic Mismanagement off the front pages. Hopefully, this only remains the case for a fairly short term as the North Sea remains able to deliver. Additionally, the Grangemouth Refinery in Scotland could be recommissioned, resuming its position as the major producer of Jet Fuel (essentially paraffin) and keeping aircraft flying. For now, we’re in a situation where Net Zero has turned into Zero Net, absolutely no safety net while the clowns in government try a high wire act with no safety net. At least during Covid19, they had the excuse they didn’t know what they were doing but in the current position, they knew exactly what they were doing when destroying the UK’s oil industry.
It may be suspected we’re quite irritated at this mess.
The three dips below the Blue downtrend bother us, perhaps early warning the price of BP is about to react to the current shambolic market conditions. It’s an awkward situation and becoming harder to resolve quickly, due to national governments already using their “strategic reserves” to create a comfort zone to disguise the lack of supply. But there’s obviously a point when this situation will dissolve, especially in the UK where it became part of the master plan to allow fuel stocks in petrol stations to be regarded as part of the strategic reserve. Some petrol stations, blessed with truly massive underground tanks, could easily hold over 1/4 million litres and a value of stock beyond the ability of a normal retailer to fund. But instead, an oil company would choose to “bunker” a certain amount of fuel, a reserve the retailer hadn’t paid for and only chargeable once the site started to draw on it. In this way, inconveniences like “tanker driver strikes” didn’t make all petrol stations run out of fuel, those blessed with super large storage able to keep functioning as they’d generally sufficient fuel to keep operating for a few weeks. Personally, when changing fuel tanks at one of our own petrol stations 25 years ago, the size of the new tanks were a complete shock, a tanker of fuel generally holding 34,000 litres and our new diesel tank able to accommodate 3 tanker loads. And the more popular petrol tanks were similarly proportioned.
With the country now running in a mode opposite to Malthus’s Supply & Demand laws, things risk becoming a bit strange for BP’s share price. If the price of fuel is forced to increase, the reason will be an attempt to maintain income levels. But in a normal market environment, price increases are an attempt to maximise income levels exponentially. This should place some interesting pressures on Crude prices as we enter a strange new land.
Currently for BP share price, below 531p shall be taken as a trigger capable of provoking reversal to an initial 500p with our secondary, if broken, at 459p and perhaps a bottom capable of provoking a bounce.
But if things turn sunny in the Straits of Hormuz, the share need only exceed 586p to tick the first box which should trigger a surprise cycle, one which has an initial calculation of 652p and our secondary, if beaten, at 721p.
Our suspicion is BP’s share price risks some reversals.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:26:21PM | BRENT | 9572.3 | ‘cess | ||||||||
| 11:31:00PM | GOLD | 4727.13 | 4711 | 4693 | 4667 | 4747 | 4749 | 4779 | 4816 | 4722 | |
| 11:33:09PM | FTSE | 10455.6 | |||||||||
| 11:32:30PM | STOX50 | 5884.4 | |||||||||
| 11:37:24PM | GERMANY | 24124 | 23884 | 23809 | 23480 | 24192 | 24393 | 24579 | 24810 | 24194 | |
| 11:47:32PM | US500 | 7115.8 | |||||||||
| 11:51:53PM | DOW | 49252.1 | |||||||||
| 11:57:06PM | NASDAQ | 26890 | ‘cess | ||||||||
| 12:00:23AM | JAPAN | 59879 |
22/04/2026 FTSE Closed at 10476 points. Change of -0.21%. Total value traded through LSE was: £ 7,271,923,237 a change of 4.79%
21/04/2026 FTSE Closed at 10498 points. Change of -1.05%. Total value traded through LSE was: £ 6,939,310,505 a change of -19.68%
20/04/2026 FTSE Closed at 10609 points. Change of -0.54%. Total value traded through LSE was: £ 8,639,261,853 a change of -7.81%
17/04/2026 FTSE Closed at 10667 points. Change of 0.74%. Total value traded through LSE was: £ 9,370,886,318 a change of 52.53%
16/04/2026 FTSE Closed at 10589 points. Change of 0.28%. Total value traded through LSE was: £ 6,143,664,232 a change of -12.74%
15/04/2026 FTSE Closed at 10559 points. Change of -0.47%. Total value traded through LSE was: £ 7,040,462,072 a change of 0%
14/04/2026 FTSE Closed at 10609 points. Change of 0.26%. Total value traded through LSE was: £ 0 a change of -100% 
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:GENL Genel** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SFOR S4 Capital** **
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Updated charts published on : British Telecom, Genel, IG Group, IQE, Intertek, Ocado Plc, Oxford Instruments, S4 Capital,
LSE:BT.A British Telecom Close Mid-Price: 216.4 Percentage Change: -1.64% Day High: 221.75 Day Low: 216.15
Continued trades against BT.A with a mid-price ABOVE 221.75 should improv ……..
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LSE:GENL Genel Close Mid-Price: 51 Percentage Change: -1.16% Day High: 52.2 Day Low: 50.5
In the event Genel experiences weakness below 50.5 it calculates with a d ……..
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LSE:IGG IG Group. Close Mid-Price: 1539 Percentage Change: + 0.29% Day High: 1548 Day Low: 1523.5
All IG Group needs are mid-price trades ABOVE 1548 to improve acceleratio ……..
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LSE:IQE IQE Close Mid-Price: 62.6 Percentage Change: -0.63% Day High: 72.8 Day Low: 59.3
All IQE needs are mid-price trades ABOVE 72.8 to improve acceleration tow ……..
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LSE:ITRK Intertek. Close Mid-Price: 4960 Percentage Change: + 1.39% Day High: 5160 Day Low: 4820
Target met. Continued trades against ITRK with a mid-price ABOVE 5160 sho ……..
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LSE:OCDO Ocado Plc Close Mid-Price: 217.7 Percentage Change: -0.18% Day High: 223.2 Day Low: 214.1
All Ocado Plc needs are mid-price trades ABOVE 223.2 to improve accelerat ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2858 Percentage Change: -1.45% Day High: 3038 Day Low: 2858
All Oxford Instruments needs are mid-price trades ABOVE 3038 to improve a ……..
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LSE:SFOR S4 Capital Close Mid-Price: 41 Percentage Change: -3.07% Day High: 43.4 Day Low: 40.35
In the event of S4 Capital enjoying further trades beyond 43.4, the share ……..
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View Previous S4 Capital & Big Picture ***