Trends and Targets for 14/11/2018

Centrica¬† #DAX #SP500 Sometimes, setting a Big Picture target can prove quite illuminating. In the case of #Centrica, the energy supplier, we’d speculated during 2017 of the price bottoming at 102p. Some strength has proven evident and the share bottomed at 120p instead!

Since 2013, there has been a very rigid downtrend, one which Centrica’ share price has finally managed to better. While we’re not able to compute an immediate return to the land of milk and honey for the price, some hope for the future is very evident.

The immediate situation suggests the share price now need only trade above 157p to enter a cycle to an initial 168p. Secondary, if bettered, calculates at 189p. Unfortunately, this target is slightly vague, thanks to a manipulation gap. If positive news were involved, the share price could easily accelerate toward 205p instead.

 

Presently trading around 154p, the price needs below 144p to suggest it’s all going wrong, this suggesting coming weakness to 133p initially and guess what? Secondary is at 102p…

For now, some slight optimism appears possible.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:23:59PM

BRENT

65.43

Success

10:38:43PM

GOLD

1202.71

‘cess

10:41:16PM

FTSE

7053.28

‘cess

10:42:38PM

FRANCE

5070.2

10:44:39PM

GERMANY

11445

11274

11352.5

11165

11440

11498

11530.5

11616

11388

10:46:33PM

US500

2727.55

2713

2696.5

2670

2758

2755

2767

2785

2719

10:49:23PM

DOW

25343

‘cess

10:51:28PM

NASDAQ

6846.56

10:53:01PM

JAPAN

21768

‘cess

 

 

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