#Brent #Nasdaq At times, it’s suspected the term “Soft Furnishings” had provided the primary reason for a rise in allotment use, sheds, Harley Davidsons, and so called man caves. It’s possible a fairly large section of the population just don’t ‘get’ why cushions and throws are so important, thus choosing to protect their sanity by doing something else.
From a personal viewpoint, stores such Dunelm and Ikea represent an encapsulation of hell but we’ve eventually discovered a compromise. I could go to a bookstore, B&Q, a marine chandlers (this is always a favourite), needing only a text message to return the car park outside Dante’s Inferno. With the outbreak of Coronavirus, it was a welcome respite not having weekends utterly ruined by shopping and somehow, the last three months has not featured a shortage of cushions or curtains.
However, given the news regarding companies like Intu (the shopping mall people), it made a lot of sense to review how Dunelm’s share price is looking. Surely store shutdowns, along with a huge expanse in online shopping habits, will be provoking troubling potentials for Dunelm, the Soft Furnishing people.
It’s time for a deep breath as Dunelm appear to be bucking the trend. Their share price has already come within reach of pre-Covid19 prices and now, movement above 1,263 should prove capable of a reach to 1,320p. While their is a visual implication of a glass ceiling forming at such a level, in the event the share price closes above 1,320p, it enters a cycle toward a new all time high of 1,510p.
Movement such as this is liable to prove pretty significant, taking the price into a region where the Big Picture suggests 1,893p shall present a longer term attraction.
Who knows, perhaps the UK shall go mad, panic buying ‘scatter cushions’ with similar aplomb to toilet paper, once lockdown ends.
Dunelm needs fall below Blue to provide sufficient reason for panic, presently at 950p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:47:44PM | BRENT | 42.7 | 42.44 | 42.035 | 41.38 | 42.92 | 44 | 44.375 | 45.02 | 43.06 | Success |
| 9:49:31PM | GOLD | 1769.46 | ‘cess | ||||||||
| 9:51:26PM | FTSE | 6280.63 | ‘cess | ||||||||
| 9:53:36PM | FRANCE | 4989.2 | Success | ||||||||
| 9:56:36PM | GERMANY | 12425.91 | Success | ||||||||
| 9:58:39PM | US500 | 3124.77 | ‘cess | ||||||||
| 10:04:28PM | DOW | 26102.9 | Success | ||||||||
| 10:07:29PM | NASDAQ | 10192 | 10171 | 10128 | 10068 | 10243 | 10217 | 10246.5 | 10334 | 10171 | Success |
| 10:09:26PM | JAPAN | 22559 | Success |
