#Brent #Dax Holes in Emmental cheese are caused by milking cows with hiccups! One of the funnier things about grandchildren is being able to deliver the occasional verbal bomb, utterly unaware when it will go off. Avoiding cliches like; ‘candlestick patterns are real’ or ‘you can rely on moving averages’ is an easy proposition, little girls are simply not interested. What I didn’t know until recently is their mum interrogates them subtly, on their return.
Apparently our daughter didn’t find it funny, the day she corrected a ski guide on how mogul fields form on a mountain. Her perfectly logical explanation of rocks deposited in a previous ice age not retaining heat from the sun, whereas warmer ancient volcanic rocks on the same mountainside ensured snow would cover the slope unevenly, creating the mounds of snow much loved by some skiers. I’d given her this explanation when she was around 12 years old and six years later, was able to deliver a ‘fact’ from her pool of incorrect knowledge.
Hopefully the Emmental cheese story survives as it conjures up delicious mental images. After all, a belief in candlestick patterns or moving averages remains a thing, despite a daily plethora of evidence to the contrary!
As for Natwest, when we reviewed the share three weeks ago, our criteria suggests above 217p should propel the price to 225p next. This thankfully proved correct but we’ve a slight concern regarding the initial surge to 225p. The first two sessions where this target was achieved (29 & 30th Sept), the share steadfastly refused to actually close at or above 225p, instead opting for 224.6p and 224.9p as the close on the day. In the period since, there has been a slight reversal and now, obviously, the share price has closed above 225p on several occasions. In addition, it’s now flaffing around at the price level prior to the pandemic drop in 2020, this being something we should regard as encouraging, if we use the model of other world markets as an indicator.
Unfortunately, the last week has seen the FTSE remaining remarkably resilient despite other world index’s retreating, making us wonder if some common ground shall be discovered as perhaps world markets heated up too fast, while the FTSE failed to make it out of the deep freeze.
For Natwest, the updated picture now suggests strength above 227.5p should next enter a cycle toward 233p next. With closure above 233p, it should prove difficult to avoid a path opening up to 250p sometime in the future. The share price needs CLOSE a session below 219p to scupper our optimism and, to cause outright panic, trade below 208p.
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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 |
| 1:32:34PM | BRENT | 82.42 | 81.73 | 81.465 | 80.89 | 82.5 | 83.19 | 83.73 | 84.4 | 82.22 | Success |
| 1:36:04PM | GOLD | 1757 | Success | ||||||||
| 2:14:37PM | FTSE | 7096.14 | |||||||||
| 2:19:55PM | FRANCE | 6555 | |||||||||
| 2:29:15PM | GERMANY | 15188 | 15177 | 15141 | 15098 | 15224 | 15258 | 15276 | 15309 | 15177 | ‘cess |
| 2:32:54PM | US500 | 4391.77 | |||||||||
| 2:36:16PM | DOW | 34744 | |||||||||
| 2:46:52PM | NASDAQ | 14820 | ‘cess | ||||||||
| 2:49:00PM | JAPAN | 28031 |
8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%
7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%
6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%
4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%
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:BARC Barclays** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:FOXT Foxtons** **LSE:IGG IG Group** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **
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Updated charts published on : Barclays, Bowleven, BP PLC, British Telecom, Cellular Goods, Centrica, Foxtons, IG Group, Serco, Standard Chartered, Tesco, Vodafone,
LSE:BARC Barclays. Close Mid-Price: 195.16 Percentage Change: + 0.73% Day High: 195.76 Day Low: 193.38
All Barclays needs are mid-price trades ABOVE 195.76 to improve accelerat ……..
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View Previous Barclays & Big Picture ***
LSE:BLVN Bowleven. Close Mid-Price: 4.5 Percentage Change: + 5.88% Day High: 4.5 Day Low: 4.38
Continued trades against BLVN with a mid-price ABOVE 4.5 should improve t ……..
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View Previous Bowleven & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 353.55 Percentage Change: + 2.54% Day High: 354.95 Day Low: 346.6
Continued trades against BP. with a mid-price ABOVE 354.95 should improve ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 146.35 Percentage Change: + 0.07% Day High: 146.6 Day Low: 143.65
Continued weakness against BT.A taking the price below 143.65 calculates ……..
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View Previous British Telecom & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 6.8 Percentage Change: -1.16% Day High: 6.95 Day Low: 6.75
Weakness on Cellular Goods below 6.75 will invariably lead to 6.4 next an ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 60 Percentage Change: + 1.94% Day High: 60.64 Day Low: 59
Continued trades against CNA with a mid-price ABOVE 60.64 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 46.05 Percentage Change: -2.54% Day High: 47.15 Day Low: 45.5
If Foxtons experiences continued weakness below 45.5, it will invariably ……..
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View Previous Foxtons & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 777 Percentage Change: -0.70% Day High: 791.5 Day Low: 772.5
Continued weakness against IGG taking the price below 772.5 calculates as ……..
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View Previous IG Group & Big Picture ***
LSE:SRP Serco Close Mid-Price: 127.1 Percentage Change: -0.78% Day High: 128.6 Day Low: 126.8
Weakness on Serco below 126.8 will invariably lead to 124.5 with secondar ……..
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View Previous Serco & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 480.8 Percentage Change: + 1.86% Day High: 482.5 Day Low: 470.8
All Standard Chartered needs are mid-price trades ABOVE 482.5 to improve ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 275.6 Percentage Change: + 0.90% Day High: 276.95 Day Low: 272.15
In the event of Tesco enjoying further trades beyond 276.95, the share sh ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 112.1 Percentage Change: -0.30% Day High: 113.04 Day Low: 111.38
If Vodafone experiences continued weakness below 111.38, it will invariab ……..
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View Previous Vodafone & Big Picture ***