#Brent #Dax In virtually every marketplace, the last week has been almost amusing. In several countries, financial institutions were reporting record profit levels yet, when the news was released, the share price would reverse. It was very much an instance of “Buy on the rumour, Sell on the news” but the media, of course, fought hard to discover other reasons for the reversals.
In the case of Natwest, the principal cause of the reversals was blamed on a potential change in Interest Rates next Thursday with two evil members of the committee refusing to give any clue as to their thinking, thus apparently causing uncertainty. Then again, the bank also plead guilty in a money laundering court case, the bank being accused of failing to monitor the activity of one of its clients between 2012 and 2016. As a result of the guilty plea, the bank anticipates a fine of around 250 million, rather than 340 million had they contested the case. A little digging revealed a hilarious fact of the case. The client had been depositing bags of cash, amounting to 264 million over the period. The clients business plan had anticipated turnover of £15 million per annum. Once upon a time, bank branches had managers who paid attention to this sort of thing, now mostly pensioned off to golf courses. I’ve a personal memory of once depositing several thousand pounds in cash from a retail business, only to receive a call from the manager asking why there were so many £100 notes in the bag. The total value was fairly normal, the presence of £100 notes was something out of the ordinary.
The explanation was quite basic. His branch had given them to me the previous day as I was viewing an old car called a MGB V8. On viewing the heap of rust held together by paint, common sense reared its head and the money swiftly returned to the bank.
When we previously reviewed Natwest, we’d a scenario suspecting movement to 233p, something the share price has achieved. In fact, it marginally exceeded the 233p level, achieving 235p on several days and closing slightly above 233p also. This is something we tend regard as a good thing, nudging the share price into a region where some Big Picture influences shall hopefully make themselves know. The recent 5% drop in the share price, while an issue, isn’t terribly alarming as it makes us suspect slight reversals may occur before a surprise upward surge.
The immediate situation suggests weakness below 229 shall bring travel down to an initial 213 with secondary, if broken, at 205p. Neither scenario is particularly alarming, taking the price to the levels of the prior low.
Instead, we now hope for movement above 235p to bring a surge to an initial 253p. With closure above 253p, the Big Picture now calculates with a longer term attraction at 330p.
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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 |
| 5:51:00PM | BRENT | 83.49 | 82.48 | 82.08 | 81.46 | 83.84 | 84.23 | 84.58 | 85.28 | 83.28 | |
| 5:53:06PM | GOLD | 1783.72 | Success | ||||||||
| 5:55:33PM | FTSE | 7254.99 | |||||||||
| 6:10:27PM | FRANCE | 6856 | Success | ||||||||
| 6:12:32PM | GERMANY | 15718.09 | 15626 | 15596.5 | 15553 | 15690 | 15729 | 15790.5 | 15889 | 15669 | Success |
| 6:14:44PM | US500 | 4603.77 | |||||||||
| 6:17:11PM | DOW | 35813.7 | ‘cess | ||||||||
| 6:22:43PM | NASDAQ | 15846 | Shambles | ||||||||
| 6:25:02PM | JAPAN | 29036 | ‘cess |
29/10/2021 FTSE Closed at 7237 points. Change of -0.17%. Total value traded through LSE was: £ 5,951,106,978 a change of 27.04%
28/10/2021 FTSE Closed at 7249 points. Change of -0.06%. Total value traded through LSE was: £ 4,684,429,352 a change of -6.92%
27/10/2021 FTSE Closed at 7253 points. Change of -0.33%. Total value traded through LSE was: £ 5,032,708,114 a change of -16.48%
26/10/2021 FTSE Closed at 7277 points. Change of 0.76%. Total value traded through LSE was: £ 6,025,954,185 a change of 32.49%
25/10/2021 FTSE Closed at 7222 points. Change of 0.25%. Total value traded through LSE was: £ 4,548,373,792 a change of -2.6%
22/10/2021 FTSE Closed at 7204 points. Change of 0.19%. Total value traded through LSE was: £ 4,669,794,204 a change of -12.27%
21/10/2021 FTSE Closed at 7190 points. Change of -0.46%. Total value traded through LSE was: £ 5,323,076,986 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:BBY BALFOUR BEATTY** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:ITM ITM Power** **LSE:OPG OPG Power Ventures** **LSE:PPC President Energy** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **
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Updated charts published on : BALFOUR BEATTY, Carclo, Centrica, 4D Pharma, Foxtons, ITM Power, OPG Power Ventures, President Energy, Scancell, Vodafone, VICTORIA,
LSE:BBY BALFOUR BEATTY Close Mid-Price: 254 Percentage Change: -1.09% Day High: 257.8 Day Low: 251.6
Target met. If BALFOUR BEATTY experiences continued weakness below 251.6, ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 44.5 Percentage Change: + 1.83% Day High: 46.1 Day Low: 42.6
Continued trades against CAR with a mid-price ABOVE 46.1 should improve t ……..
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View Previous Carclo & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 60.32 Percentage Change: -0.10% Day High: 62.44 Day Low: 60.04
Target met. All Centrica needs are mid-price trades ABOVE 62.44 to improv ……..
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View Previous Centrica & Big Picture ***
LSE:DDDD 4D Pharma. Close Mid-Price: 61.8 Percentage Change: + 0.49% Day High: 63.1 Day Low: 60.6
This is failing to produce anything interesting, creating a situation wher ……..
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View Previous 4D Pharma & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 47.15 Percentage Change: -1.67% Day High: 47.75 Day Low: 45
Continued weakness against FOXT taking the price below 45 calculates as l ……..
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View Previous Foxtons & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 489 Percentage Change: + 1.79% Day High: 497.8 Day Low: 478.8
Target met. Further movement against ITM Power ABOVE 497.8 should improve ……..
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View Previous ITM Power & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 14.5 Percentage Change: -0.85% Day High: 14.75 Day Low: 14.5
Now mildly hopeful, movement above 14.75 suggests the potential of traffic ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:PPC President Energy Close Mid-Price: 1.8 Percentage Change: -7.69% Day High: 1.9 Day Low: 1.75
Weakness on President Energy below 1.75 will invariably lead to 1.6 with ……..
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View Previous President Energy & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 19.75 Percentage Change: -1.25% Day High: 20.25 Day Low: 19.1
Continued weakness against SCLP taking the price below 19.1 calculates as ……..
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View Previous Scancell & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 108.04 Percentage Change: -0.86% Day High: 109.16 Day Low: 107.78
Target met. If Vodafone experiences continued weakness below 107.78, it w ……..
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View Previous Vodafone & Big Picture ***
LSE:VOG VICTORIA Close Mid-Price: 3.12 Percentage Change: -3.85% Day High: 3.25 Day Low: 3.12
Continued weakness against VOG taking the price below 3.12 calculates as ……..
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View Previous VICTORIA & Big Picture ***