Natwest Group Plc 14/12/2020

#BrentCrude #DAX Despite festive lights decorating our garden, the reality indoors (thankfully) has been a lack of a Xmas tree, along with the usual paraphernalia which somehow means everything in the house interior needs moved around. We opted to follow the herd locally, illuminating the house exterior at the start of December, joining a collective effort to pretend cheer and normality. Of course, the interior will only be dealt with a few days before Xmas as the usual mad panic ensues when planning for grandchildren arriving for a week of anarchy.

For a few days at the start of December, it felt like Natwest were copying our example, the share price achieving our previous 165p target level, even exceeding it slightly during a few sessions. But of course, the price decoration was suspected to be for exterior views only as it has fallen back fairly considerably. The immediate reversal cycle looks capable of weakness below 148 provoking reversal to an initial 144 with secondary, if broken, at 134p where it shall hopefully rebound.

The secondary level presents a pretty major issue, thanks to weakness below such a point taking the share into a zone where 113p is the best hope but unfortunately, if something truly nasty drives reversals, the price could dive swiftly to a bottom of 75p.

 

Of course, it’s be churlish to ignore the movement to our 165p target level did exceed target, so we’re supposed to broadcast festive cheer. There is certainly a favourable scenario suggesting ongoing strength next bettering 173p should head uphill to an initial 186p with secondary, if bettered, now at 191p.

Here’s hoping.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
1:29:31PM	BRENT	49.99	49.7	49.485	48.98	50.31	50.7	51.035	51.48	49.85
1:33:39PM	GOLD	1840.22
1:36:15PM	FTSE	6569.22									Success
1:41:36PM	FRANCE	5521.9									‘cess
1:44:33PM	GERMANY	13145	13063	13001.5	12850	13160	13188	13239	13318	13116	Success
2:20:23PM	US500	3661									‘cess
2:22:25PM	DOW	30060									Success
2:24:43PM	NASDAQ	12376
2:28:10PM	JAPAN	26606									Success

 

11/12/2020 FTSE Closed at 6546 points. Change of -0.8%. Total value traded through LSE was: £ 6,112,009,870 a change of -15.57%

10/12/2020 FTSE Closed at 6599 points. Change of 0.53%. Total value traded through LSE was: £ 7,239,162,237 a change of 27.24%

9/12/2020 FTSE Closed at 6564 points. Change of 0.09%. Total value traded through LSE was: £ 5,689,395,466 a change of 1.75%

8/12/2020 FTSE Closed at 6558 points. Change of 0.05%. Total value traded through LSE was: £ 5,591,373,092 a change of -5.03%

7/12/2020 FTSE Closed at 6555 points. Change of 0.08%. Total value traded through LSE was: £ 5,887,798,366 a change of -14.07%

4/12/2020 FTSE Closed at 6550 points. Change of 0.92%. Total value traded through LSE was: £ 6,852,193,326 a change of -2.58%

3/12/2020 FTSE Closed at 6490 points. Change of 0.42%. Total value traded through LSE was: £ 7,033,541,138 a change of 11.37%