#Brent #DJI Despite the UK music industry surviving with fairly strong foundations, it was something of a tragedy seeing the talented British bloke and his dance troupe misunderstand how coming 1st didn’t mean getting 1 point. Perhaps for next years mess, an enterprising TV producer shall arrange a competition between UK buskers from various cities with the winner ‘having a go’ at Eurovision. No bells, gimmicks, or whistles, just someone who’s actually talented and able to send a subliminal message to the competition organisers that once again, it’s being taken as seriously as Terry Wogan once didn’t!
We’d a rather surreal weekend, close friends suggesting we join with them in buying a little island with a couple of houses on it. We could have the small one, they’d have the large one. While we’ve come to loathe the weather in Scotland, there was something agreeably quirky about living on a small island, leaving our cars on the mainland, and scooting across a couple of hundred yards of water in a small boat. By Sunday afternoon, a few negative thoughts intruded as the points where a small boat could be docked were at least 150 metres from the nearest house. Worse, the path was only a couple of feet wide, and the idea of returning from a supermarket with a load of bags – on a windy rainy day – was less than attractive. Normally, something like a quad bike or small tractor would be employed for such a task, except the path could not be widened, a drop to the sea on one side, a cliff face on the other. The other docking area was a beach, the tide making parking the boat an issue. And the path to this beach was through an extremely soggy peat bog, making a tractor impossible. The two properties on the island were quite idyllic but we’ve learned the hard way Argyll winters can be harsh, wind speeds far higher than reported by the Met people and temperatures far, far, lower. And rain here isn’t measured in inches but instead, by buckets. By dinner time on Sunday, we’d no choice but to burst our friends bubble, especially once we’d discovered the planning fights by the existing owners for every single change to the island, an un-sympathetic local council taking a “NO” position to everything. Absurdly, while the councils thinking is perhaps correct as they panic to avoid the AirBnb culture spreading (a toxic thing in Scotland), the fact this is a little island makes any form of tourism almost impossible. Due to the regulatory environment which controls small boats with passengers, getting guests across the water becomes very difficult. The magic word is “insurance” and while inconvenient, the number of drowning deaths has shrunk considerably within this writers lifetime. A crazy story from childhood involved myself and some chums, finishing Primary School and taking a train to a Clyde coast town. We (12 years old) hired a little motor boat and happily chugged out into the Clyde Estuary for a days fishing. No life jackets were provided. A nuclear submarine slid toward us, the crew shouting to get out of their way. Yes, we were all really twelve years old celebrating the long summer before we started High School. With the invention of an insurance culture, this sort of thing is no longer possible, the fun police spoiling things but equally, there is the memory of the weekend 3 kids our age drowned while boating on the “safe” waters of Loch Lomond.
As for the markets, rather a lot of shares are doing rather a lot of nothing, the markets clearly awaiting some sort of resolution of “The Straits” issue, the UK market awaiting some sort of resolution of “The Morons” issue while the governing party fights to decide who it wants to govern. There is stunning arrogance, where a Manchester MP has stood down to let some other bloke contest the parliamentary seat, the belief being this chap shall make a better Prime Minister than the bloke already in place. (Okay, my Buzz Lightyear toy would make a better Prime Minister) But what if the electorate decide they are being taken for compliant fools? It will be exceedingly funny, if the new chap, already assumed to be the next Prime Minister, is beaten by a candidate from any other party, proving once and for all, Britain doesn’t do Eurovision, it also can’t do Politics…
This brings us to Natwest. Can Britain “Do” a retail bank?
Natwest has been doing rather well until recently, a share price movement in March giving us pause for thought. The price briefly explored below the Red uptrend since 2024 during March, creating a warning sign the Red uptrend perhaps should not be trusted. This blip is often nasty, somehow a harbinger of bad news ahead. Most creatively, we saw such a thing with BP, prior to their little oil spill in the Gulf of Mexico which thankfully no longer exists, reborn as the Gulf of America. But we always worry at this sort of thing, telling us to distrust an uptrend.
In the case of Natwest, the implication is below just 550p could prove troubling, creating a trigger level to promote reversal to an initial 505p with our secondary, if broken, at 440p. Overall, such a cycle, if target levels are broken, creates the potential for a bottom around 386p eventually, a target level which even makes some visual sense.
However, while this is all laid out as “a potential”, nothing has yet triggered and we’re a hopeful for gainful potentials. Above 591p should apparently trigger recovery to an initial 628p with our secondary, if bettered, at 711p and the urgent need for an entirely new conversation about the retail banks potentials.
We’re hopeful for a positive stance as the banks appear to be making bucket loads of money currently, almost as if they exist in an Argyll climate.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:33:26PM | BRENT | 10630 | 10130 | 10084 | 9723 | 10401 | 10675 | 10790 | 11010 | 10495 |
| 10:35:35PM | GOLD | 4540.01 | ||||||||
| 10:37:59PM | FTSE | 10196.9 | ||||||||
| 10:40:36PM | STOX50 | 5809 | ||||||||
| 10:42:34PM | GERMANY | 23902.1 | ||||||||
| 10:44:40PM | US500 | 7396.7 | ||||||||
| 10:46:55PM | DOW | 49395.6 | 49349 | 49150 | 48802 | 49639 | 49900 | 50076 | 50317 | 49682 |
| 10:48:58PM | NASDAQ | 29072.9 | ||||||||
| 10:50:52PM | JAPAN | 61758 |
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:CPI Capita** **LSE:EMG MAN** **LSE:SCLP Scancell** **
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Updated charts published on : Capita, MAN, Scancell,
LSE:CPI Capita. Close Mid-Price: 315 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Capita needs are mid-price trades ABOVE 323.5 to improve acceleration ……..
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LSE:EMG MAN. Close Mid-Price: 280.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All MAN needs are mid-price trades ABOVE 286 to improve acceleration towa ……..
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LSE:SCLP Scancell. Close Mid-Price: 22.75 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. All Scancell needs are mid-price trades ABOVE 22.75 to improv ……..
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View Previous Scancell & Big Picture ***