#BrentFutures #SP500 Watching a football match on TV, sudden inspiration suggested a way to ease suffering caused by Euro 2020 infecting the main TV channels. What if the winning side was the one which scored the first goal? It’d change the entire dynamic of the game, potentially making matches a lot faster with constant action. And those folk who have absolutely no interest in the game may find their opinion changed by a frenzy of activity with each match. Surprisingly, an alternate and surprising show also hit screens, a farming documentary hosted by Jeremy Clarkston of all people!
This quite different approach to an industry, (previously would inspired a rapid change of channel) was a real eye opener and begged the question, just why would anyone become involved. The harsh economics of sheep farming were quite brutal, a strong clue coming when three sheep were killed, essentially thanks to it being uneconomic to pay a vet to fix their infection. Why bother, when replacement sheep can be purchased cheaply? Once Clarkston’s inevitable clowning was forgotten, the economics of a relatively small farm were remembered.
A local farm here in Argyll recently become home to a flock of Jacob sheep. These things, visually more akin to goats than sheep, clearly had read the same instructions as Clarkston’s flock, turning into skilled escape merchants. Driving past their field this morning, a single black lamb had made its way under the fence. It was the work of a moment to stop, pick it up, and lay it back in the field, blocking the gap at the bottom of the fence with a thick branch. Returning an hour later, two adult sheep were now on the wrong side of the fence, all the tiny black lambs still in the field. Thankfully, a couple of mountain biker types were amusing the bolshy sheep, attempting to catch them without thinking of the consequences if successful. Adult Jacob sheep are decorated with severely intimidating horns, the farmer turning up before I felt the need to try out some of the lessons from the farming show I’d just watched.
All of this has nothing, and everything, to do with Lloyds bank. It used to be the case people would dream of counting sheep to send themselves to sleep. Sooner or later, “watching Lloyds” must enter popular language as an economic method to combat insomnia. When we previously reviewed Lloyds three weeks ago, we mentioned the 50p level as critical if price gains were to be expected. The share price has closed at 50p exactly on June 2nd, enjoying an utterly boring trading range of just 2p within the period. It’s becoming clear the share price needs to actually close above the 50p level to make some price recovery fairly certain.
Closure above 50p remains pointing at the potential of an initial 55p with secondary, if exceeded, calculating at 57.85p.
The converse argument for reversal, now triggers if the share price manages below 47.15p. This risks driving the price down to 45.25 initially. If broken, our secondary calculation and hopeful bottom works out at 43.5p.
FUTURES
| Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior | |
| 4:31:01PM | BRENT | 72.4 | 71.65 | 71.475 | 71.03 | 72.47 | 72.81 | 73.24 | 74.07 | 71.9 | |
| 4:50:12PM | GOLD | 1877.73 | Shambles | ||||||||
| 4:53:46PM | FTSE | 7158 | ‘cess | ||||||||
| 4:57:02PM | FRANCE | 6626 | Success | ||||||||
| 4:59:48PM | GERMANY | 15723 | Success | ||||||||
| 5:42:03PM | US500 | 4245 | 4208 | 4202 | 4186 | 4238 | 4251 | 4276 | 4307 | 4219 | ‘cess |
| 5:43:55PM | DOW | 34474.9 | |||||||||
| 5:45:40PM | NASDAQ | 13996 | |||||||||
| 5:47:29PM | JAPAN | 29029 |
11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%
10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%
9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%
8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%
7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%
4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%
3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%
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:AFC AFC Energy** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:EMG MAN** **LSE:HUR Hurrican Energy** **LSE:LLOY Lloyds Grp.** **LSE:SPX Spirax** **
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Updated charts published on : AFC Energy, Asos, BALFOUR BEATTY, Barrett Devs, MAN, Hurrican Energy, Lloyds Grp., Spirax,
LSE:AFC AFC Energy. Close Mid-Price: 61.2 Percentage Change: + 0.00% Day High: 61.9 Day Low: 59.8
This is distinctly troubling as I suspect, still, it intends 45 initially ……..
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View Previous AFC Energy & Big Picture ***
LSE:ASC Asos Close Mid-Price: 5070 Percentage Change: -0.59% Day High: 5184 Day Low: 5052
It’s still the case of weakness below 4624 should bring a hopeful bounce p ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 303 Percentage Change: + 0.60% Day High: 305.2 Day Low: 294.4
If BALFOUR BEATTY experiences continued weakness below 294.4, it will inv ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 731.2 Percentage Change: + 0.36% Day High: 737.8 Day Low: 726.8
Ongoing traffic below 725 looks capable of a visit to 689 with secondary, ……..
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View Previous Barrett Devs & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 184.85 Percentage Change: + 1.99% Day High: 184.95 Day Low: 177.5
Further movement against MAN ABOVE 184.95 should improve acceleration tow ……..
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View Previous MAN & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 1.21 Percentage Change: + 7.94% Day High: 1.5 Day Low: 1.13
It is still the case this needs above 1.65 to be taken seriously, allowing ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.4 Percentage Change: + 0.25% Day High: 48.51 Day Low: 47.9
Lloyds continues to flaff around, doing very little. At present, it looks ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 13200 Percentage Change: + 1.30% Day High: 13265 Day Low: 13015
All Spirax needs are mid-price trades ABOVE 13265 to improve acceleration ……..
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View Previous Spirax & Big Picture ***