#Brent_Futures #DAX The Monaco Grand Prix and Lloyds Bank have one thing in common. Both appear to offer a lot, both fail to deliver anything useful. A Formula 1 race where the most exciting thing was a stuck wheel nut versus a major bank where in 3 weeks, its share price has moved by just 2p. About the only thing we can take solace from is the share price didn’t actually drop in this period, while the FTSE 100 suffered downward volatility.
For those folk with a life, who wisely avoided the annual boredom of the worst race on the calendar, Monaco is a painful experience, only usually tarted up by the glamour of the ‘race’. With restricted visitors, glamour was absent, producing an event which would be more entertaining if the drivers were pushing supermarket trolleys rather than driving cars. In fairness, the drivers would probably enjoy the day more, if this were the case!
Lloyds Bank share price has grown by 8p since the middle of February. We’d be churlish if we didn’t admit this 20% improvement in price reflects well against FTSE 100 performance. In the same period, the UK index has only recovered by 10%, still lagging a country mile below the pre-Covid19 high level of 7,500 points.
Such is the disappointing pace of movement, we’re inclined to allocate 50p as the next trigger level for the share. The situation now suggests above 50p shall make movement toward an initial 55p almost inevitable. If bettered, our longer term secondary calculates at 58.3p, an ambition which neatly matches the share price prior to the pandemic kicking everything into the gutter.
It’s now the case Lloyds Bank share price needs close a session below 44p to inspire panic, risking entering a zone where reversal to a bottom of 34p looks very possible.
As ever, our thanks to those folk who visit some of the interesting adverts on this page from Google.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 3:09:03PM | BRENT | 66.54 | 65.76 | 64.51 | 62.65 | 67 | 67.02 | 67.905 | 69.06 | 65.95 | Shambles |
| 3:37:18PM | GOLD | 1875 | ‘cess | ||||||||
| 3:39:36PM | FTSE | 7027 | |||||||||
| 3:42:58PM | FRANCE | 6393 | ‘cess | ||||||||
| 4:20:45PM | GERMANY | 15448 | 15360 | 15325.5 | 15278 | 15426 | 15475 | 15647 | 15803 | 15413 | |
| 3:20:13PM | US500 | 4155 | |||||||||
| 3:27:30PM | DOW | 34217 | ‘cess | ||||||||
| 3:32:38PM | NASDAQ | 13408 | |||||||||
| 3:37:50PM | JAPAN | 28389 | ‘cess |
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%
19/05/2021 FTSE Closed at 6950 points. Change of -1.19%. Total value traded through LSE was: £ 5,903,633,845 a change of 15.89%
18/05/2021 FTSE Closed at 7034 points. Change of 0.03%. Total value traded through LSE was: £ 5,094,076,340 a change of 18.05%
17/05/2021 FTSE Closed at 7032 points. Change of -0.16%. Total value traded through LSE was: £ 4,315,305,188 a change of -15.16%
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%
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:BT.A British Telecom** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:NG. National Glug** **LSE:POLY Polymetal** **LSE:TSCO Tesco** **LSE:VOG VICTORIA** **LSE:ZOL Zoldav** **
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Updated charts published on : British Telecom, Diageo, MAN, Fresnillo, National Glug, Polymetal, Tesco, VICTORIA, Zoldav,
LSE:BT.A British Telecom. Close Mid-Price: 175.9 Percentage Change: + 2.96% Day High: 176.45 Day Low: 169.3
Target met. Continued trades against BT.A with a mid-price ABOVE 176.45 s ……..
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View Previous British Telecom & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3377.5 Percentage Change: -0.73% Day High: 3404.5 Day Low: 3372
Further movement against Diageo ABOVE 3404.5 should improve acceleration ……..
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View Previous Diageo & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 172.9 Percentage Change: + 1.83% Day High: 173 Day Low: 168.15
Further movement against MAN ABOVE 173 should improve acceleration toward ……..
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View Previous MAN & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 882 Percentage Change: + 0.34% Day High: 897.8 Day Low: 868
Outlook unchanged, chart updated only… If Fresnillo experiences continue ……..
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View Previous Fresnillo & Big Picture ***
LSE:NG. National Glug Close Mid-Price: 945.4 Percentage Change: -0.58% Day High: 954.7 Day Low: 940.9
Target met. All National Glug needs are mid-price trades ABOVE 954.7 to i ……..
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View Previous National Glug & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1704 Percentage Change: -0.58% Day High: 1726 Day Low: 1695
In the event of Polymetal enjoying further trades beyond 1726, the share ……..
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View Previous Polymetal & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 225.7 Percentage Change: -0.33% Day High: 227.5 Day Low: 224.5
Utterly failing to do anything interesting, Our usual rules now imply wea ……..
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View Previous Tesco & Big Picture ***
LSE:VOG VICTORIA. Close Mid-Price: 6 Percentage Change: + 2.56% Day High: 6.15 Day Low: 5.85
This still needs above 6.4 to give hope for the future, allowing for movem ……..
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View Previous VICTORIA & Big Picture ***
LSE:ZOL Zoldav. Close Mid-Price: 27.5 Percentage Change: + 3.77% Day High: 27.5 Day Low: 25.2
In the event Zoldav experiences weakness below 25.2 it calculates with a ……..
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View Previous Zoldav & Big Picture ***