#Brent_Futures #DAX The UK retail banks are behaving like politicians, only instead of teasing “end of lockdown”, they tease “share price recovery!” We’re increasingly less likely to believe either politicians or the market, thanks to events tending signal neither actually have a clue. Just when we thought it was safe to exit our collective cages, the current hysteria about ‘Covid from India is going to get you’ fails to gel with the hospitality industry suggesting people need drink an extra patriotic 158 pints of beer on average between now and the end of year to undo the damage to their profits. As for politicians and Covid-19, the virus spread ignores a few tiny little details. If flying from some countries into the UK, you can only land in Scotland if willing to accept mandatory quarantine, a nice little earner for the hotel industry. As a result, folk coming to Scotland fly into Heathrow, travel internally to Scotland, and promise to isolate themselves at home for 10 days. They face a difficult threat. Apparently someone might phone them to ask if they are staying indoors…
And then, we question why the illness continues to spread while the markets (in the UK) fail to recover?
Natwest managed a miracle trigger surge above our 201p trigger, utterly failing to achieve our 212p target, instead fizzing out at just 208p with news India Covid was now on our shores. In normal circumstances, the series of price movements would create about the closest thing to a Sure Thing trade as it’s possible to get. Apparently, for Natwest we can now report above 212p should enter a recovery cycle to an initial 250p, a confident and sane looking recovery target. In fact, we can even tighten this now to above 210p allegedly being capable of triggering a series of remorseless drives upward.
We even can calculate a longer term secondary at 306p, something we’re less confident on despite the Big Picture visuals.
There is something fairly encouraging revealed by recent price moves. We previously moaned the share needed below 183p to undo any growth trigger. Thus far, the lowest achieved since the trend break upward has been 184.75p, frighteningly close to cancelling recovery potentials but failing to cancel the scenario. As the inset on the chart reveals, this lunge downward came immediately following the previous lunge upward, signalling the market is perfectly aware of both the Blue and Red trend lines. Traditionally, our inclination is to go with any initial trend break as setting the tone for the future. Thus, the movement to 208p may well prove a viable early warning for a share which intends surprise recovery toward 250p.
We’re hopefully not being gullible but the picture shown does lend itself to suggesting Natwest are about to make a surprise recovery surge upward. Goodness knows when! For everything to go wrong, the bank share price needs now sink below 175p. This would be a poor show, threatening a reversal cycle to a bottom, hopefully, at 141p.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 8:44:36PM | BRENT | 68.63 | 67.31 | 66.79 | 66.16 | 68.02 | 68.68 | 68.82 | 69.56 | 67.92 | |
| 8:46:51PM | GOLD | 1844.5 | ‘cess | ||||||||
| 8:59:09PM | FTSE | 7077.42 | ‘cess | ||||||||
| 9:02:10PM | FRANCE | 6419 | Success | ||||||||
| 9:33:28PM | GERMANY | 15472.48 | 15275 | 15182 | 15079 | 15376 | 15493 | 15542.75 | 15648 | 15391 | Success |
| 9:40:00PM | US500 | 4170.97 | ‘cess | ||||||||
| 9:41:53PM | DOW | 34378 | ‘cess | ||||||||
| 9:43:53PM | NASDAQ | 13385 | Success | ||||||||
| 9:50:05PM | JAPAN | 28259 | Success |
14/05/2021 FTSE Closed at 7043 points. Change of 1.15%. Total value traded through LSE was: £ 5,086,620,345 a change of -7.58%
13/05/2021 FTSE Closed at 6963 points. Change of -0.59%. Total value traded through LSE was: £ 5,503,652,334 a change of -7.78%
12/05/2021 FTSE Closed at 7004 points. Change of 0.82%. Total value traded through LSE was: £ 5,968,278,155 a change of -15.12%
11/05/2021 FTSE Closed at 6947 points. Change of -2.47%. Total value traded through LSE was: £ 7,031,531,361 a change of 14.21%
10/05/2021 FTSE Closed at 7123 points. Change of -0.08%. Total value traded through LSE was: £ 6,156,776,739 a change of 2.81%
7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
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
Click Epic to jump to share: LSE:DGE Diageo** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glug** **LSE:SBRY Sainsbury** **LSE:VEC Vectura** **
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Updated charts published on : Diageo, MAN, Genel, Hurrican Energy, Igas Energy, International Personal Finance, Lloyds Grp., National Glug, Sainsbury, Vectura,
LSE:DGE Diageo. Close Mid-Price: 3353.5 Percentage Change: + 1.51% Day High: 3377.5 Day Low: 3323
Target met. In the event of Diageo enjoying further trades beyond 3377.5, ……..
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View Previous Diageo & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 171.4 Percentage Change: + 4.96% Day High: 172.05 Day Low: 164.05
In the event of MAN enjoying further trades beyond 172.05, the share shou ……..
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View Previous MAN & Big Picture ***
LSE:GENL Genel Close Mid-Price: 152 Percentage Change: -0.91% Day High: 154.8 Day Low: 149.4
Continued weakness against GENL taking the price below 149.4 calculates a ……..
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View Previous Genel & Big Picture ***
LSE:HUR Hurrican Energy Close Mid-Price: 0.66 Percentage Change: -12.36% Day High: 0.76 Day Low: 0.66
Target met. Continued weakness against HUR taking the price below 0.66 ca ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 21 Percentage Change: + 6.06% Day High: 19.85 Day Low: 19.85
Weakness on Igas Energy below 19.85 will invariably lead to 15.80 with se ……..
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View Previous Igas Energy & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 136.2 Percentage Change: -1.16% Day High: 138.8 Day Low: 134
Target met. All International Personal Finance needs are mid-price trades ……..
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View Previous International Personal Finance & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.25 Percentage Change: + 2.65% Day High: 48.27 Day Low: 47.26
Continued trades against LLOY with a mid-price ABOVE 48.27 should improve ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glug. Close Mid-Price: 936.1 Percentage Change: + 1.31% Day High: 941.5 Day Low: 930
Further movement against National Glug ABOVE 941.5 should improve acceler ……..
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View Previous National Glug & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 259 Percentage Change: -0.08% Day High: 262.4 Day Low: 258.5
Further movement against Sainsbury ABOVE 262.4 should improve acceleratio ……..
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View Previous Sainsbury & Big Picture ***
LSE:VEC Vectura Close Mid-Price: 118 Percentage Change: -0.51% Day High: 122 Day Low: 118.2
In the event of Vectura enjoying further trades beyond 122, the share sho ……..
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View Previous Vectura & Big Picture ***