#WallStreet & #DAX There’s something faintly silly about the forthcoming “Climate Change” conference in Glasgow, the COP26 affair. Glasgow, the one place in the UK where the climate never changes, always untrustworthy. We are curious how some of the coal miners listed internationally are doing, from RWE.ag in Germany to Arch Resources in the USA.
After all, coal is universally frowned upon as a source of energy. Even the rocket which took Capt Kirk (Wm Shatner) into space today wasn’t coal powered…
While it appears true to say RWE.AG haven’t avoided controversy in Germany, their share present (currently around 31€) has risen quite firmly from its low of 9€ back in 2015. Even the pandemic thrashing in 2020 ‘only’ provoked reversal to the 20€ mark, the price achieving new highs in the period since. However, the company have a fair distance to climb, if the all time high of 100€ in 2008 shall ever be challenged again. A glance at the internet reveals RWE intend reduce their dependence on coal, during the next few years.
The immediate situation with RWE allows movement above just 33 to provoke some gains toward an initial 35.8. If exceeded, we can calculate a longer term secondary at 38.9€, along with the prospect of some hesitation when the price matches this years highs.
The alternate scenario suggests below 29.5€ could trigger reversal to an initial 26.7 with secondary, if broken, a future 21.2€. The surprise from both scenario is nothing forecast is particularly game changing, tending suggest whatever the result of a climate conference, the markets suspect RWE.AG shall remain within a trading pattern developed during the last couple of years.
Arch Resources, the 2nd largest supplier of coal in the US, and based in St Louis, Missouri, enjoy a share price chart which offers considerable hope for the longer term. Presently trading around the $100 mark, the share price already looks ready to extend gains. If playing safe, above $105.5 calculates with the potential of an initial $118 with secondary, if exceeded, working out at a longer term 149 dollars.
Such is the strength of movement, the share price needs below $72 to allow for weakness down to an initial $44. If broken, our secondary looks impossible, down at $5.7 and a new all time low. Obviously, absolutely nothing currently suggests this as a danger.
About the only thing we can conclude is, despite Coal being the victim of a media campaign, the numbers presently suggest the market isn’t paying attention.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:52:25PM | BRENT | 83.08 | ‘cess | ||||||||
| 10:54:35PM | GOLD | 1793.74 | Success | ||||||||
| 11:12:40PM | FTSE | 7167.01 | ‘cess | ||||||||
| 11:14:56PM | FRANCE | 6613.5 | Success | ||||||||
| 11:16:49PM | GERMANY | 15288.21 | 15216 | 15184 | 15144 | 15280 | 15306 | 15352.5 | 15402 | 15216 | Success |
| 11:18:21PM | US500 | 4369.12 | |||||||||
| 11:21:11PM | DOW | 34408.6 | 34105 | 34034 | 33892 | 34460 | 34468 | 34621 | 34793 | 34274 | ‘cess |
| 11:23:23PM | NASDAQ | 14798 | |||||||||
| 11:25:13PM | JAPAN | 28210 |
13/10/2021 FTSE Closed at 7141 points. Change of 0.15%. Total value traded through LSE was: £ 6,604,225,806 a change of 15.2%
12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%
11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%
9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%
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%
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:AGM Applied Graphene** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **
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Updated charts published on : Applied Graphene, British Telecom, Caspian, ECO (Atlantic) O & G, Empyrean, MAN, Glencore Xstra,
LSE:AGM Applied Graphene. Close Mid-Price: 25 Percentage Change: + 0.00% Day High: 25.25 Day Low: 24.5
Weakness on Applied Graphene below 24.5 will invariably lead to 17 with s ……..
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View Previous Applied Graphene & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 141.4 Percentage Change: -2.65% Day High: 143.85 Day Low: 140.9
Target met. In the event British Telecom experiences weakness below 140.9 ……..
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View Previous British Telecom & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 4.25 Percentage Change: + 10.39% Day High: 4.6 Day Low: 4
Target met. Continued trades against CASP with a mid-price ABOVE 4.6 shou ……..
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View Previous Caspian & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 31.5 Percentage Change: + 20.00% Day High: 31.5 Day Low: 26.25
Target met. Further movement against ECO (Atlantic) O & G ABOVE 31.5 shou ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 9 Percentage Change: + 1.12% Day High: 9.15 Day Low: 8.7
Continued trades against EME with a mid-price ABOVE 9.15 should improve t ……..
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View Previous Empyrean & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 218.2 Percentage Change: + 7.59% Day High: 219.8 Day Low: 212.1
Further movement against MAN ABOVE 220 should improve acceleration toward ……..
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View Previous MAN & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 372.25 Percentage Change: + 0.34% Day High: 374.95 Day Low: 366.25
Target met. In the event of Glencore Xstra enjoying further trades beyond ……..
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View Previous Glencore Xstra & Big Picture ***