#BrentCrude #DAX As we make our 3rd visit to #Natwest this year, we’re surely permitted a little giggle regarding our previous projection (link). We’d given 191p as a pretty major point of interest, a level at which we suspected some hesitation was possible. In the period since, the highest the share price has closed a session was 190.95p, an interesting result by any standards. We often will bang on about the importance of a price closing a session above a target level. Despite Natwest exceeding our 191 during trading on several occasions, rather spitefully the share price has (thus far) avoiding closing above this trigger level.
Is it the end of the world?
We don’t think so. As the chart below highlights, Natwest Group Plc are now trading substantially above the immediate downtrend since 2019. Perhaps rather more importantly, the share price will deserve greater scrutiny that the current UK Govt giving tax workers a 13% salary increase, while restricting the nursing profession to a 1% rise! Wasn’t there a time when the media used to be all over things like this? Now criticism is strangely muted while the media accepts Govt issue constant full page ‘Covid’ advertising, along with multiple ‘Covid’ TV advertising slots.
In many respects, Natwest are almost ready to present ‘A SURE THING’ trading opportunity. Despite the ongoing threat of Brexit bearishness or Pandemic problems, in the event Natwest finds sufficient excuse to next trade above 194p, we shall regard the share price as entering a recovery cycle toward an initial 211p with secondary, if exceeded, calculating at a longer term 252p. If we look back to 2018, there’s a pretty solid promise the share can be expected to experience future hesitation around the 252p level. At present, we have extreme difficulty in dangling a metaphorical carrot with any potentials for seriously longer term gain. It must be remembered this is a share which crashed to 9.6p during the financial crisis. Only due to a 10:1 share consolidation is the price now viewed as 188p, many traders remaining perfectly aware it’s “really” only trading at 18.8p if given an honest evaluation.
For it all to go horribly wrong, Natwest now requires trade below 164p to create panic. In such a scenario, we can calculate an initial reversal potential to 125 with secondary, if broken, at a bottom of 104p. Visually, this looks as unlikely as BBC broadcasting a fly on the wall program, showing the Royal Family during the forthcoming Meg&Harry TV show.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:35:20PM | BRENT | 69.48 | 66.21 | 65.005 | 63.51 | 67.65 | 69.5 | 70.215 | 71.35 | 67.87 | Success |
| 9:48:03PM | GOLD | 1701.5 | |||||||||
| 1:25:48PM | FTSE | 6704 | Shambles | ||||||||
| 1:35:23PM | FRANCE | 5844.2 | hmmmm | ||||||||
| 1:38:11PM | GERMANY | 14060 | 13908 | 13865 | 13754 | 14006 | 14072 | 14089 | 14164 | 13990 | ‘cess |
| 1:40:24PM | US500 | 3841.27 | Success | ||||||||
| 1:43:41PM | DOW | 31527 | Shambles | ||||||||
| 1:45:27PM | NASDAQ | 12658 | ‘cess | ||||||||
| 1:47:35PM | JAPAN | 29171 | Success |
5/03/2021 FTSE Closed at 6630 points. Change of -0.3%. Total value traded through LSE was: £ 6,989,244,582 a change of -1.26%
4/03/2021 FTSE Closed at 6650 points. Change of -0.37%. Total value traded through LSE was: £ 7,078,677,923 a change of 10.48%
3/03/2021 FTSE Closed at 6675 points. Change of 0.94%. Total value traded through LSE was: £ 6,407,091,178 a change of -5.86%
2/03/2021 FTSE Closed at 6613 points. Change of 0.38%. Total value traded through LSE was: £ 6,806,160,931 a change of 10.04%
1/03/2021 FTSE Closed at 6588 points. Change of 1.62%. Total value traded through LSE was: £ 6,185,435,500 a change of -34.59%
26/02/2021 FTSE Closed at 6483 points. Change of -2.53%. Total value traded through LSE was: £ 9,456,681,275 a change of 48.72%
25/02/2021 FTSE Closed at 6651 points. Change of -0.11%. Total value traded through LSE was: £ 6,358,793,501 a change of -9.6%
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:AFC AFC Energy** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:NWG Natwest** **LSE:PMO Premier** **LSE:TLW Tullow** **
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Updated charts published on : AFC Energy, Barclays, BALFOUR BEATTY, Block Energy PLC, BP PLC, Firstgroup, Fresnillo, Genel, Gulf Keystone, Hikma, International Personal Finance, Intertek, Natwest, Premier, Tullow,
LSE:AFCLSE:AFC AFC Energy. Close Mid-Price: 45.05 Percentage Change: + 2.27% Day High: 49.15 Day Low: 40.05
If AFC Energy experiences continued weakness below 40.05, it will invaria ……..
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View Previous AFC Energy & Big Picture ***
LSE:BARCLSE:BARC Barclays. Close Mid-Price: 171.58 Percentage Change: + 2.95% Day High: 176.18 Day Low: 164.66
Target met. In the event of Barclays enjoying further trades beyond 176.1 ……..
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View Previous Barclays & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 292 Percentage Change: -0.21% Day High: 296 Day Low: 289.8
All BALFOUR BEATTY needs are mid-price trades ABOVE 296 to improve accele ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BLOELSE:BLOE Block Energy PLC. Close Mid-Price: 3 Percentage Change: + 5.26% Day High: 3 Day Low: 2.83
Still a bit dodgy, needing below 2.8 to trigger reversal to an initial 2p ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BP.LSE:BP. BP PLC. Close Mid-Price: 318.8 Percentage Change: + 1.82% Day High: 326.45 Day Low: 311.8
Continued trades against BP. with a mid-price ABOVE 326.45 should improve ……..
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View Previous BP PLC & Big Picture ***
LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 90 Percentage Change: + 0.00% Day High: 94.7 Day Low: 89.05
All Firstgroup needs are mid-price trades ABOVE 94.7 to improve accelerat ……..
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View Previous Firstgroup & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 886.2 Percentage Change: -3.15% Day High: 916.6 Day Low: 882.4
In the event Fresnillo experiences weakness below 882.4 it calculates wit ……..
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View Previous Fresnillo & Big Picture ***
LSE:GENLLSE:GENL Genel. Close Mid-Price: 185.2 Percentage Change: + 6.31% Day High: 187.4 Day Low: 176.6
Further movement against Genel ABOVE 187.4 should improve acceleration to ……..
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View Previous Genel & Big Picture ***
LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 189 Percentage Change: + 7.51% Day High: 199.4 Day Low: 176.4
Target met. Further movement against Gulf Keystone ABOVE 199.4 should imp ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 2193 Percentage Change: -1.97% Day High: 2237 Day Low: 2191
Continued weakness against HIK taking the price below 2191 calculates as ……..
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View Previous Hikma & Big Picture ***
LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 102.6 Percentage Change: + 10.44% Day High: 101.6 Day Low: 93.1
Continued trades against IPF with a mid-price ABOVE 101.6 should improve ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 5370 Percentage Change: -0.96% Day High: 5434 Day Low: 5288
If Intertek experiences continued weakness below 5288, it will invariably ……..
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View Previous Intertek & Big Picture ***
LSE:NWGLSE:NWG Natwest. Close Mid-Price: 188.05 Percentage Change: + 0.80% Day High: 193.4 Day Low: 184.5
In the event of Natwest enjoying further trades beyond 194, the share sho ……..
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View Previous Natwest & Big Picture ***
LSE:PMOLSE:PMO Premier. Close Mid-Price: 30.68 Percentage Change: + 2.37% Day High: 32.62 Day Low: 30.31
Target met. Further movement against Premier ABOVE 32.62 should improve a ……..
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View Previous Premier & Big Picture ***
LSE:TLWLSE:TLW Tullow. Close Mid-Price: 50.82 Percentage Change: + 9.81% Day High: 53.52 Day Low: 46.24
Target met. Further movement against Tullow ABOVE 53.52 should improve ac ……..
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View Previous Tullow & Big Picture ***