Natwest and the price of Gold!

#Brent #DaxFutures Our Friday report here for the FTSE proved quite prescient. Our criteria provided a secondary target at 6949 points. The market bottomed at 6941 points. In addition, we’d been a touch hysterical regarding the dangers of an opening second spike. An initial 7096 calculated as possible, the best the market attained being 7092 points in an opening spike!

As expected, the index toddled off, thereafter, in the opposite direction. It almost felt like we’d written the script for the day and now, London needs actually close a session above 7022 to firmly suggest the 9th uptrend break in 11 months isn’t genuine. There are some slight hints it may not be, so we shall be interested if the FTSE staggers above 6994 points on Monday. If so, there’s a pretty fair chance the market may exhibit some surprise gains.

 

Basking in this ointment is Natwest, the share price fluttering around like a fly on steroids. The share has a Blue line, a downtrend since 2007 (arguably, thanks to consolidation) and price movements since August tend confirm the market is paying attention to this trendline. The inset on the chart below shows, aside from a brief break of Blue last week, the market has tended respect the trend and as a result, we’re apparently allowed to hope for gains, rather than a further thumping for the beleaguered share price. Generally, when the market promptly corrects a retreat below a trend, some optimism is suggested. The immediate situation appears quite straightforward as strength above 217p should now provoke a gain to an initial 225p with secondary, if bettered, at a longer term 251p.

Conventional “rules of engagement” suggest above 225p should prove significant for the longer term, taking the share price into territory conventionally described as happy. Perhaps this shall prove the case, if we could only forget about Brexit and Covid-19.

Hey, chart goes here

Trends and Targets. Past performance is not a reliable indicator of future results.

 

GOLD USD is behaving a bit oddly, obviously capable of giving the mining sector a bit of a hammering if our fears play out. Mining sector shares rarely flourish when the price of gold melts down. At present, below 1739 should provide early warning of potential trouble. This risks triggering reversal to an initial 1720 and hopefully a proper rebound. The greater danger appears should 1720 break as this risks ongoing drilling down toward 1623 dollars.

Such a calamity allows a further calculation, should 1623 break, with ongoing excavation to an eventual bottom of 1450.

At present, the value requires above 1837 to create a scenario for future gains, given an initial potential at 1862 with secondary, if bettered,  at 1950 dollars. Such frivolity would place the metal in sight of a future 2079 high, should everything become flamboyant!

Hey, chart goes here

As ever, our thanks to the kind folk who buy us a coffee, every time an advert of this page catches the eye. Aye.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:16:37PM BRENT 75.03 74.1 73.5 72.84 75 75.17 75.465 75.9 74.3
9:18:26PM GOLD 1754.81
9:21:01PM FTSE 6976.89 Success
9:28:47PM FRANCE 6575.7 Success
9:31:52PM GERMANY 15483 15470 15422 15299 15530 15558 15577 15626 15475 Success
9:44:45PM US500 4433.02 ‘cess
10:09:04PM DOW 34586.8
10:11:32PM NASDAQ 15340 Success
10:18:10PM JAPAN 30266 Shambles

 

 

17/09/2021 FTSE Closed at 6963 points. Change of -0.91%. Total value traded through LSE was: £ 14,974,489,872 a change of 149%
16/09/2021 FTSE Closed at 7027 points. Change of 0.16%. Total value traded through LSE was: £ 6,013,769,162 a change of 0.85%
15/09/2021 FTSE Closed at 7016 points. Change of -0.26%. Total value traded through LSE was: £ 5,962,830,996 a change of 19.14%
14/09/2021 FTSE Closed at 7034 points. Change of -0.73%. Total value traded through LSE was: £ 5,004,739,047 a change of 6.33%
13/09/2021 FTSE Closed at 7086 points. Change of 0.81%. Total value traded through LSE was: £ 4,706,844,854 a change of 19.18%
10/09/2021 FTSE Closed at 7029 points. Change of 0.07%. Total value traded through LSE was: £ 3,949,508,746 a change of -29.02%
9/09/2021 FTSE Closed at 7024 points. Change of -1%. Total value traded through LSE was: £ 5,564,442,934 a change of 5.99%

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:ASC Asos** **LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:NWG Natwest** **LSE:POLY Polymetal** **

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Updated charts published on : Asos, Aviva, Barrett Devs, Cellular Goods, 4D Pharma, EasyJet, Hargreaves Lansdown, Hurrican Energy, Natwest, Polymetal,

LSE:ASC Asos. Close Mid-Price: 3188 Percentage Change: + 4.52% Day High: 3257 Day Low: 3058

Even above 3315 is liable to prove significant, now allowing recovery towa ……..

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LSE:AV. Aviva Close Mid-Price: 403.8 Percentage Change: -0.37% Day High: 410 Day Low: 402.2

Below just 398 looks a bit problematic, giving the threat of reversal to a ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 679.8 Percentage Change: -1.56% Day High: 698.8 Day Low: 676.6

Continued weakness against BDEV taking the price below 676.6 calculates a ……..

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LSE:CBX Cellular Goods Close Mid-Price: 5.95 Percentage Change: -1.65% Day High: 6.05 Day Low: 5.85

If Cellular Goods experiences continued weakness below 5.85, it will inva ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 70 Percentage Change: -7.77% Day High: 76 Day Low: 68.6

Weakness on 4D Pharma below 68.6 will invariably lead to 66p with seconda ……..

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LSE:EZJ EasyJet. Close Mid-Price: 630.4 Percentage Change: + 3.92% Day High: 638.4 Day Low: 592

Target met. All EasyJet needs are mid-price trades ABOVE 638.4 to improve ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1424.5 Percentage Change: -0.14% Day High: 1446.5 Day Low: 1419

Weakness on Hargreaves Lansdown below 1419 will invariably lead to 1399 w ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 3.4 Percentage Change: + 10.21% Day High: 3.9 Day Low: 3.2

All Hurrican Energy needs are mid-price trades ABOVE 3.9 to improve accel ……..

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LSE:NWG Natwest. Close Mid-Price: 213 Percentage Change: + 0.47% Day High: 215.8 Day Low: 211.5

Continued trades against NWG with a mid-price ABOVE 215.8 should improve ……..

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LSE:POLY Polymetal Close Mid-Price: 1318.5 Percentage Change: -0.57% Day High: 1357.5 Day Low: 1317.5

If Polymetal experiences continued weakness below 1317.5, it will invaria ……..

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*** End of “Updated Today” comments on shares.

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