Trends and Targets for 29/06/2018

FTSE FOR FRIDAY (FTSE:UKX) Sometimes we can feel uncomfortably helpless when watching and analysing the markets. The FTSE, despite some fair weather antics, remains actually rather gloomy and we tend fear a problem is about to rear its head and bite.

Actually, the severity of any bite remains not a great issue due to the market overall playing around within an uptrend. But to cut to the chase, we expect the index to make it below 7,400, requiring above 7730 to nonsense the prospect.

The reason for waffling and explaining danger is fairly simple. We’re tending expect some near term upward travel on the market, truly an oddity as Fridays usually stink. But the immediate situation for the FTSE proper (not after hours futures) is of growth now bettering 7632 being capable of reaching 7656 initially. If bettered, secondary is at 7684.

As the chart shows, this sort of movement does not exit the downtrend to below 7400 but should the index somehow better 7684, we shall raise an eyebrow to say the least as it becomes likely the immediate downtrend will be exceeded fairly comfortably.

However, as always we lean to the side of caution as below RED – presently 7530 – once again enters the region with ambitions around 7380.

 Chart goes here

28/06/2018 FTSE Closed at 7615 points. Change of -0.08%. Total value traded through LSE was: £ 6,425,539,436 a change of -12.36%
27/06/2018 FTSE Closed at 7621 points. Change of 1.11%. Total value traded through LSE was: £ 7,331,631,797 a change of 15.83%
26/06/2018 FTSE Closed at 7537 points. Change of 0.37%. Total value traded through LSE was: £ 6,329,823,692 a change of 4.95%
25/06/2018 FTSE Closed at 7509 points. Change of -2.25%. Total value traded through LSE was: £ 6,031,040,113 a change of 0%
22/06/2018 FTSE Closed at 7682 points. Change of 1.67%. Total value traded through LSE was: £ mince
21/06/2018 FTSE Closed at 7556 points. Change of -0.93%. Total value traded through LSE was: £ mince
20/06/2018 FTSE Closed at 7627 points. Change of 0.32%. Total value traded through LSE was: £ 7,069,313,880 a change of -2.71%

 

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

11:19:35PM

BRENT

77.48

11:20:34PM

GOLD

1248.35

‘cess

11:22:54PM

FTSE

7647.55

‘cess

11:24:59PM

FRANCE

5293.7

Success

11:26:41PM

GERMANY

12229

12100

12018

11852

12260

12310

12385

12480

12240

11:28:28PM

US500

2718

‘cess

11:30:03PM

DOW

24270

11:31:32PM

NASDAQ

7040.75

11:33:00PM

JAPAN

22297

22029

21935

21776

22320

22317

22408.5

22535

22145

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IQE IQE** **LSE:KAZ Kaz Minerals** **LSE:PMO Premier** **LSE:RBS Royal Bank Scot** **LSE:SBRY Sainsbury** **LSE:SHP Shire** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **

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Updated charts published on : Asos, Barrett Devs, Diageo, Firstgroup, Glencore Xstra, Hargreaves Lansdown, IQE, Kaz Minerals, Premier, Royal Bank Scot, Sainsbury, Shire, Tullow, Taylor Wimpey, UK Oils and Gas,


LSE:ASC Asos Close Mid-Price: 5984 Percentage Change: -3.11% Day High: 6300 Day Low: 5986

2018=10

This, surprisingly, has not yet fully committed to reversals. The situatio ……..

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View Previous Asos & Big Picture ***


LSE:BDEV Barrett Devs Close Mid-Price: 512.8 Percentage Change: -1.65% Day High: 522.2 Day Low: 511.8

2018=12

Continued traffic below 511 suggest 503 next with secondary, if broken, at ……..

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View Previous Barrett Devs & Big Picture ***


LSE:DGELSE:DGE Diageo. Close Mid-Price: 2736 Percentage Change: + 0.92% Day High: 2746.5 Day Low: 2708.5

2018=35

By managing above 2715, ths appears to be entering a track to 2755 next. I ……..

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View Previous Diageo & Big Picture ***


LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 81.5 Percentage Change: + 2.32% Day High: 81.75 Day Low: 78.15

2018=23

Ongoing travel below 78p remains with a discount ride to 75p. Secondary if ……..

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View Previous Firstgroup & Big Picture ***


LSE:GLEN Glencore Xstra Close Mid-Price: 358.8 Percentage Change: -2.80% Day High: 369 Day Low: 355.35

2018=23

Further weakness now below 355 indicates reversal to an initial 330 and ho ……..

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View Previous Glencore Xstra & Big Picture ***


LSE:HL. Hargreaves Lansdown Close Mid-Price: 1954.5 Percentage Change: -1.36% Day High: 1993.5 Day Low: 1931

2018=18

This has moved into a region where continued traffic below 1931 indicates ……..

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View Previous Hargreaves Lansdown & Big Picture ***


LSE:IQE IQE Close Mid-Price: 95.95 Percentage Change: -3.86% Day High: 100.5 Day Low: 94.3

2018=10

Target Met. This was not ideal as weakness now continuing below 94 points ……..

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View Previous IQE & Big Picture ***


LSE:KAZ Kaz Minerals Close Mid-Price: 825.2 Percentage Change: -1.57% Day High: 853.8 Day Low: 811.6

2018=7

Weakness below 811 confirms travel down to an initial 788p. If broken, sec ……..

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View Previous Kaz Minerals & Big Picture ***


LSE:PMOLSE:PMO Premier. Close Mid-Price: 127.4 Percentage Change: + 1.19% Day High: 128.6 Day Low: 122.7

2018=12

Further growth above 129 suggests movement to 143p next. If exceeded, seco ……..

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View Previous Premier & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 254.6 Percentage Change: -0.08% Day High: 255.6 Day Low: 251.9

2018=7

Below 251 remains suggesting travel down toward 240p with some bounce pote ……..

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View Previous Royal Bank Scot & Big Picture ***


LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 319.9 Percentage Change: + 1.17% Day High: 320.6 Day Low: 315

2018=23

It now appears movement above 321p should prove capable of taking this to ……..

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View Previous Sainsbury & Big Picture ***


LSE:SHPLSE:SHP Shire. Close Mid-Price: 4221.5 Percentage Change: + 3.10% Day High: 4243 Day Low: 4155

2018=14

Moves now bettering 4243 confirm this on a path to 4417 next. Secondary, ……..

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View Previous Shire & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 243.8 Percentage Change: -2.64% Day High: 252.9 Day Low: 235.7

2018=10

Near term movement now above 253 is supposed to power this onward to 264p ……..

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View Previous Tullow & Big Picture ***


LSE:TW. Taylor Wimpey Close Mid-Price: 177.55 Percentage Change: -0.78% Day High: 179.65 Day Low: 176.75

2018=23

Continued traffic below 176 remains indicative of weakness to an initial 1 ……..

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View Previous Taylor Wimpey & Big Picture ***


LSE:UKOGLSE:UKOG UK Oils and Gas. Close Mid-Price: 1.68 Percentage Change: + 21.82% Day High: 1.82 Day Low: 1.38

2018=35

This is looking mildly useful, if an obvious risk due to its placement as ……..

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View Previous UK Oils and Gas & Big Picture ***


*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Risk Warning & Notice to Investors

Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

 

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