#BrentCrude #SP500 Excited news headlines of a company striking Silver in Cornwall certainly provided a bit of a ‘duh?’ moment. Despite being utterly unfamiliar with the geological strata of the area, a surprising research source had already informed me Silver from Cornwall was hardly something new. Quite the opposite, if the dodgy research source could be trusted! Being one of these folk who’ll read anything, trapped in a hospital room with nothing but romance novelist Catherine Cookson to read, her book (the title escapes me) dealt with the nitty gritty of mining in Cornwall, thankfully about as distant from her presumed ‘bodice ripping’ style of writing as it gets. To my horror, the book proved enjoyable and informative. It remains the only Catherine Cookson novel I’ve read, just in case I get sucked down a rabbit hole!
Already armed with knowledge of Cornwalls 18th century past and the hunt for tin and copper in the area, the newspaper article on Cornish Metals Inc was approached with some scepticism, expecting an attempt to drive expectations, along with the share price, unrealistically high. Thankfully, Cornish Metals own website pays suitable homage to the areas history, the company providing a reasonable history of the industry.
Our utter distrust for anything to do with Silver is fairly straightforward, regarding the price of the metal as dangerously manipulated, thanks to market events ten years ago in April 2011. We remain puzzled why there was never a financial investigation into the price movement and, to this day, our distrust remains to such an extent we never cover Silver futures. Presently trading around 28USD, the big picture advises we shouldn’t be surprised if the market finds a reason to dump the price back to the 14 dollar level, probably making the extraction process unprofitable. However, it appears Cornish Metals are about more than Silver from Cornwall, their website even making mention of Lithium. As a result, some further investigation is justified.
From our numbers standpoint, share price movements next exceeding 15.2p calculate with an initial potential of 16.4p. With the share trading at 14.98p at time of writing, this hardly represents the most emphatic price jump. However, should 16.4p be exceeded, we can calculate a longer term secondary at 19p. Above this level, we shall need stir the tea leaves again as currently we cannot calculate higher.
To promote alarm bells, the share price will need slip below 13p. Such reversal risks the clutches of reversal down to 9.75p with secondary, if broken, a bottom at 6.5p.
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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 |
| 10:45:31PM | BRENT | 73.19 | 72.37 | 72.025 | 70.15 | 73.95 | 75.76 | 76.33 | 77.65 | 73.9 | Success |
| 10:47:36PM | GOLD | 1803.84 | |||||||||
| 10:49:54PM | FTSE | 7151.19 | Success | ||||||||
| 10:52:36PM | FRANCE | 6534.6 | Success | ||||||||
| 10:54:37PM | GERMANY | 15712 | Success | ||||||||
| 11:07:19PM | US500 | 4358.97 | 4329 | 4324 | 4311 | 4346 | 4362 | 4366 | 4377 | 4350 | Shambles |
| 11:09:45PM | DOW | 34698 | ‘cess | ||||||||
| 11:12:18PM | NASDAQ | 14819 | Success | ||||||||
| 11:12:39PM | JAPAN | 28347 | Nothing | making | sense |
7/07/2021 FTSE Closed at 7151 points. Change of 0.72%. Total value traded through LSE was: £ 5,673,997,934 a change of 23.9%
6/07/2021 FTSE Closed at 7100 points. Change of -0.89%. Total value traded through LSE was: £ 4,579,399,515 a change of 38.26%
5/07/2021 FTSE Closed at 7164 points. Change of 0.58%. Total value traded through LSE was: £ 3,312,078,677 a change of -20.84%
2/07/2021 FTSE Closed at 7123 points. Change of -0.03%. Total value traded through LSE was: £ 4,184,057,082 a change of -10.65%
1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%
30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
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:AVCT Avacta** **LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RBD Reabold Resources PLC** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **LSE:ZOL Zoldav** **
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Updated charts published on : Avacta, Block Energy PLC, BP PLC, Empyrean, Experian, Oxford Instruments, Primary Health, Reabold Resources PLC, Sainsbury, Spirax, Standard Chartered, Tesco, Vodafone, Zoldav,
LSE:AVCT Avacta. Close Mid-Price: 160 Percentage Change: + 3.90% Day High: 159 Day Low: 145.5
Target Met, albeit with an opening second plunge… Movement continuing ab ……..
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View Previous Avacta & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 2.55 Percentage Change: -7.27% Day High: 2.75 Day Low: 2.45
If Block Energy PLC experiences continued weakness below 2.45, it will in ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 307.7 Percentage Change: -1.00% Day High: 317.65 Day Low: 305.95
Continued weakness against BP. taking the price below 305.95 calculates a ……..
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View Previous BP PLC & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 8.2 Percentage Change: + 3.80% Day High: 8.3 Day Low: 7.9
Target met. All Empyrean needs are mid-price trades ABOVE 8.3 to improve ……..
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View Previous Empyrean & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2943 Percentage Change: + 2.33% Day High: 2949 Day Low: 2881
Target met. Continued trades against EXPN with a mid-price ABOVE 2949 sho ……..
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View Previous Experian & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2470 Percentage Change: + 1.65% Day High: 2505 Day Low: 2420
In the event of Oxford Instruments enjoying further trades beyond 2505, t ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 160.8 Percentage Change: + 0.88% Day High: 160.8 Day Low: 159.1
All Primary Health needs are mid-price trades ABOVE 160.8 to improve acce ……..
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View Previous Primary Health & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.42 Percentage Change: -4.55% Day High: 0.44 Day Low: 0.39
In the event Reabold Resources PLC experiences weakness below 0.39 it cal ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 285.4 Percentage Change: + 2.00% Day High: 286 Day Low: 280.5
Target met. Further movement against Sainsbury ABOVE 286 should improve a ……..
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View Previous Sainsbury & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 14075 Percentage Change: + 1.96% Day High: 14095 Day Low: 13805
Target met. Continued trades against SPX with a mid-price ABOVE 14095 sho ……..
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View Previous Spirax & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 451.4 Percentage Change: + 0.11% Day High: 454.8 Day Low: 447.2
In the event Standard Chartered experiences weakness below 447.2 it calcu ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 237.45 Percentage Change: + 1.37% Day High: 238.9 Day Low: 232.95
Further movement against Tesco ABOVE 238.9 should improve acceleration to ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 119.08 Percentage Change: -0.17% Day High: 120.26 Day Low: 118.58
Weakness on Vodafone below 118.58 will invariably lead to 104 and probabl ……..
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View Previous Vodafone & Big Picture ***
LSE:ZOL Zoldav. Close Mid-Price: 46.5 Percentage Change: + 6.90% Day High: 48 Day Low: 43.5
All Zoldav needs are mid-price trades ABOVE 48 to improve acceleration to ……..
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View Previous Zoldav & Big Picture ***