#Brent #Dax Habit demands a Google search for recent mention of #Natwest, prior to producing a report., just in case a new scandal has been missed. The effort, unfortunately, is usually justified but for a change, the results for the last few weeks fail to highlight anything new. Instead, nothing shocking appeared for Natwest and the most vitriolic headlines appear devoted to the subject of an obscure branch closure in an obscure village.
Even prior to Covid-19, visiting a bank branch was always an experience best avoided anyway. There are few things more annoying than standing in a queue while the realisation dawns; “I could have done this on-line or even at an ATM!”
For Natwest, despite the share price doing very little since April, we’re inclined to take a big step back, with a Big Picture stance on the share price future. The price, presently trading around 208p, needs close a session above 220p to convince us the future has begun. This should prove capable of triggering a longer term cycle to an initial 250p with our long term secondary, if exceeded, calculating at a surprising 365p. Our surprise at such an ambition comes, due to the price target being matched by a series of movements back in 2015 (circled). This tends hint, quite firmly, the retail bank share price shall enjoy some hesitation, should 365p ever deign to make a guest appearance.
If Natwest intends generate panic, the share price now requires to slink below 184p. Such a disaster calculates with the risk of reversal to an initial 167p with secondary, if broken, working out at 131p and hopefully a bounce. Visually, this scenario “feels” unlikely, thanks to the immediate Red uptrend being broken twice in the last year, each break proving false with the price reclaiming the trend within a couple of sessions.
Similar to standing in a queue at a bank branch, it starts to appear patience shall prove the best weapon, when dealing with Natwest.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 5:15:37PM | BRENT | 75.42 | 73.91 | 73.59 | 72.95 | 74.9 | 75.51 | 75.705 | 76.18 | 74.76 | ‘cess |
| 5:18:05PM | GOLD | 1781.75 | |||||||||
| 5:19:58PM | FTSE | 7151.06 | |||||||||
| 5:22:31PM | FRANCE | 6627 | |||||||||
| 5:24:30PM | GERMANY | 15605 | 15530 | 15507.5 | 15465 | 15583 | 15635 | 15653 | 15694 | 15594 | |
| 6:11:04PM | US500 | 4280 | ‘cess | ||||||||
| 6:14:12PM | DOW | 34447 | ‘cess | ||||||||
| 6:16:19PM | NASDAQ | 14348 | |||||||||
| 8:39:45PM | JAPAN | 29028 |
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%
18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%
17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%
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:BDEV Barrett Devs** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:HUR Hurrican Energy** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:OPG OPG Power Ventures** **LSE:RBD Reabold Resources PLC** **LSE:SPX Spirax** **
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Updated charts published on : Barrett Devs, Empyrean, Fresnillo, Hurrican Energy, IG Group, ITM Power, Intertek, OPG Power Ventures, Reabold Resources PLC, Spirax,
LSE:BDEV Barrett Devs Close Mid-Price: 702.2 Percentage Change: -0.09% Day High: 707.2 Day Low: 690.8
Target met. Continued weakness against BDEV taking the price below 690.8 ……..
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View Previous Barrett Devs & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 6.25 Percentage Change: + 0.81% Day High: 6.35 Day Low: 6.25
Near term, above 6.35 suggests coming recovery to an initial 7p. If better ……..
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View Previous Empyrean & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 806.4 Percentage Change: -0.12% Day High: 812 Day Low: 801.8
Weakness on Fresnillo below 801.8 will invariably lead to 758 with second ……..
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View Previous Fresnillo & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 2.17 Percentage Change: + 27.35% Day High: 2.35 Day Low: 1.62
All Hurrican Energy needs are mid-price trades ABOVE 2.35 to improve acce ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 838.5 Percentage Change: -0.06% Day High: 841 Day Low: 828.5
In the event IG Group experiences weakness below 828.5 it calculates with ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 435 Percentage Change: + 7.67% Day High: 439.6 Day Low: 396.2
Further movement against ITM Power ABOVE 439.6 should improve acceleratio ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 5566 Percentage Change: -0.46% Day High: 5644 Day Low: 5518
In the event of Intertek enjoying further trades beyond 5644, the share s ……..
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View Previous Intertek & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 13.38 Percentage Change: -5.31% Day High: 13.88 Day Low: 13.38
In the event OPG Power Ventures experiences weakness below 13.38 it calcu ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.54 Percentage Change: -3.60% Day High: 0.56 Day Low: 0.54
If Reabold Resources PLC experiences continued weakness below 0.54, it wi ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 13605 Percentage Change: + 0.48% Day High: 13620 Day Low: 13505
All Spirax needs are mid-price trades ABOVE 13620 to improve acceleration ……..
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View Previous Spirax & Big Picture ***