An urgent update on Brent Crude. And Lloyds Bank also.

#Brent #Dax A glance at a local petrol pump made us (almost) hope a report from South Africa regarding the new strain of Covid-19 proves incorrect. According to a scientist, the symptoms are less severe than flu and makes those infected develop immunity. This conflicts quite wildly with media scare stories, also failing to provide justification for the markets tanking, along with Crude Oil prices reversing sharply.

Reversal in Crude Oil pricing shall be quite agreeable, thanks to local petrol stations here on Scotland Wets Coast exploring £1.50+/litre for fuel. Worse, the already exorbitant cost of heating oil is surging, bringing the threat of needing to go into the forest to hunt dead trees. All it took were media headlines to amplify fears politicians eagerly jumping on the bandwagon for fresh publicity in the absence of any actual solid facts.

It’s amazing the current surge in (virtually all) prices has taken place just at the time when contact-less debit cards now enjoy a transaction limit increased from £45 to £100. Hopefully stock market behaviour this week shall provide real insights into what’s really happening. It’s easy to suspect if the FTSE produces some miracle gains, we can probably be safe in treating the media with suitable distain. Which will be a bit of a pity, certainly where related to the price of petrol!

 

Last time we reviewed Brent, we had a note of caution if the product managed to reverse below $77. It closed Friday at $72, a price level what should scare the Government who’re doubtless feeling Xmas has come early while they scalp 20% VAT from the cost of fuel. Things now risk becoming interesting as weakness next below just $71 calculates with the potential of reversal to an initial $68. If broken, the stuff should ideally bottom at $61.

There is a little concern, thanks to Crude breaking the uptrend since the dire lows of 2020 as the price is already residing in a zone where we must regard $43 as a potential bottom in the fullness of time. The black stuff only needs bubble above $75 to spoil these potentials.

Lloyds Bank (LSE:LLOY) Continuing to wobble around, doing nothing useful, Lloyds to the opportunity of Fridays market reversals to plunge to the 46p level, as mentioned in our report three weeks ago. Proving interesting, the low of the day somehow managed to collide rather exactly with the Red uptrend on the chart, perhaps implying a rebound should be anticipated. The implication now is of weakness below 45.4 calculating with the risk of reversal to 44.6p with secondary, if broken, at a visually less likely 40.5p.

If a miracle rebound indeed takes place, above 47.5p should bring the potential of travel to 49.2p. If bettered, we can work out a secondary at 50.5p, along with some possible hesitation. However, should the market discover an excuse to “gap” Lloyds share price up by more than a penny anytime soon, the share has sufficient ammunition to provide substantial rates of movement as 60p and beyond should come within reach.

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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
3:35:08PM BRENT 71.84 76.5 72 67 78.05 73.09 73.83 74.75 71.88 Success
3:36:58PM GOLD Success
7:23:51PM FTSE
9:19:30PM FRANCE
9:26:16PM GERMANY 15118.76 15021 14924 14696 15170 15415 15504 15573 15223
9:28:44PM US500 Success
9:57:00PM DOW
9:59:01PM NASDAQ
10:02:03PM JAPAN

 

26/11/2021 FTSE Closed at 7044 points. Change of -3.64%. Total value traded through LSE was: £ 8,213,079,898 a change of 119.92%
25/11/2021 FTSE Closed at 7310 points. Change of 0.33%. Total value traded through LSE was: £ 3,734,503,289 a change of -30.71%
24/11/2021 FTSE Closed at 7286 points. Change of 0.28%. Total value traded through LSE was: £ 5,389,556,678 a change of 0.75%
23/11/2021 FTSE Closed at 7266 points. Change of 0.15%. Total value traded through LSE was: £ 5,349,222,584 a change of 8.04%
22/11/2021 FTSE Closed at 7255 points. Change of 0.44%. Total value traded through LSE was: £ 4,951,055,285 a change of -23.97%
19/11/2021 FTSE Closed at 7223 points. Change of -0.44%. Total value traded through LSE was: £ 6,512,253,332 a change of 26.1%
18/11/2021 FTSE Closed at 7255 points. Change of -0.49%. Total value traded through LSE was: £ 5,164,170,076 a change of -21.09%

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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **

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Updated charts published on : Aston Martin, Aviva, BALFOUR BEATTY, BP PLC, Carnival, Darktrace Plc, MAN, EasyJet, Foxtons, Gulf Keystone, Glencore Xstra, HSBC, Hurrican Energy, British Airways, IG Group, IQE, National Glib, Natwest, Omega Diags, Primary Health, Parkmead, Quadrise, Reabold Resources PLC, Rolls Royce, Standard Chartered,

LSE:AML Aston Martin Close Mid-Price: 1438 Percentage Change: -7.20% Day High: 1510.5 Day Low: 1412.5

Target met. In the event Aston Martin experiences weakness below 1412.5 i ……..

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LSE:AV. Aviva Close Mid-Price: 370.9 Percentage Change: -5.86% Day High: 382.2 Day Low: 370.7

If Aviva experiences continued weakness below 370.7, it will invariably l ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 235.6 Percentage Change: -2.97% Day High: 240.4 Day Low: 235.6

Target met. Continued weakness against BBY taking the price below 235.6 c ……..

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LSE:BP. BP PLC Close Mid-Price: 317.65 Percentage Change: -7.86% Day High: 328.1 Day Low: 310.55

In the event BP PLC experiences weakness below 310.55 it calculates with ……..

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LSE:CCL Carnival Close Mid-Price: 1182.8 Percentage Change: -16.04% Day High: 1285.4 Day Low: 1168

Target met. Weakness on Carnival below 1168 will invariably lead to 1067 ……..

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View Previous Carnival & Big Picture ***

LSE:DARK Darktrace Plc Close Mid-Price: 471 Percentage Change: -1.79% Day High: 489.8 Day Low: 459.6

Target met. Continued weakness against DARK taking the price below 459.6 ……..

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LSE:EMG MAN Close Mid-Price: 219.3 Percentage Change: -3.69% Day High: 224.1 Day Low: 218.9

In the event MAN experiences weakness below 218.9 it calculates with a dr ……..

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LSE:EZJ EasyJet Close Mid-Price: 499.8 Percentage Change: -11.45% Day High: 525.2 Day Low: 457.5

Target met. Continued weakness against EZJ taking the price below 457.5 c ……..

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View Previous EasyJet & Big Picture ***

LSE:FOXT Foxtons Close Mid-Price: 41 Percentage Change: -5.75% Day High: 41.95 Day Low: 40.95

Target met. If Foxtons experiences continued weakness below 40.95, it wil ……..

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View Previous Foxtons & Big Picture ***

LSE:GKP Gulf Keystone Close Mid-Price: 176.6 Percentage Change: -8.59% Day High: 189.2 Day Low: 176.4

Weakness on Gulf Keystone below 176.4 will invariably lead to 172p. If br ……..

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View Previous Gulf Keystone & Big Picture ***

LSE:GLEN Glencore Xstra Close Mid-Price: 352 Percentage Change: -5.50% Day High: 358.45 Day Low: 346.9

At first glance, the reversal with Glencore proves concerning, suggesting ……..

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View Previous Glencore Xstra & Big Picture ***

LSE:HSBA HSBC Close Mid-Price: 414.05 Percentage Change: -6.70% Day High: 429.2 Day Low: 413.4

Continued weakness against HSBA taking the price below 413.4 calculates a ……..

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View Previous HSBC & Big Picture ***

LSE:HUR Hurrican Energy Close Mid-Price: 3.75 Percentage Change: -12.79% Day High: 4.2 Day Low: 3.7

Weakness on Hurrican Energy below 3.7 will invariably lead to 3.6. If bro ……..

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View Previous Hurrican Energy & Big Picture ***

LSE:IAG British Airways Close Mid-Price: 131.4 Percentage Change: -14.85% Day High: 141.22 Day Low: 122.5

Target met. Continued weakness against IAG taking the price below 122.5 c ……..

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LSE:IGG IG Group. Close Mid-Price: 772 Percentage Change: + 1.31% Day High: 774.5 Day Low: 752

If IG Group experiences continued weakness below 752, it will invariably ……..

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View Previous IG Group & Big Picture ***

LSE:IQE IQE Close Mid-Price: 34.6 Percentage Change: -8.95% Day High: 39.15 Day Low: 34.1

Weakness on IQE below 34.1 will invariably lead to 31 with secondary (if ……..

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View Previous IQE & Big Picture ***

LSE:NG. National Glib Close Mid-Price: 1002.2 Percentage Change: -0.48% Day High: 1016.2 Day Low: 990.6

Target met. All National Glib needs are mid-price trades ABOVE 1016.2 to ……..

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LSE:NWG Natwest Close Mid-Price: 208.2 Percentage Change: -7.47% Day High: 215.1 Day Low: 208.1

In the event Natwest experiences weakness below 208.1 it calculates with ……..

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View Previous Natwest & Big Picture ***

LSE:ODX Omega Diags Close Mid-Price: 26.25 Percentage Change: -11.02% Day High: 29.5 Day Low: 24.25

Weakness on Omega Diags below 24.25 will invariably lead to 21 with secon ……..

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LSE:PHP Primary Health Close Mid-Price: 150.4 Percentage Change: -0.40% Day High: 151.8 Day Low: 147.9

Continued weakness against PHP taking the price below 147.9 calculates as ……..

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LSE:PMG Parkmead Close Mid-Price: 40 Percentage Change: -14.89% Day High: 42.6 Day Low: 39

Target met. In the event Parkmead experiences weakness below 39 it calcul ……..

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LSE:QFI Quadrise Close Mid-Price: 2.38 Percentage Change: -15.87% Day High: 2.76 Day Low: 2.3

Target met. If Quadrise experiences continued weakness below 2.3, it will ……..

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View Previous Quadrise & Big Picture ***

LSE:RBD Reabold Resources PLC Close Mid-Price: 0.14 Percentage Change: -9.38% Day High: 0.16 Day Low: 0.14

Weakness on Reabold Resources PLC below 0.14 will invariably lead to 0.12 ……..

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LSE:RR. Rolls Royce Close Mid-Price: 121.56 Percentage Change: -11.62% Day High: 127.82 Day Low: 117

Target met. Continued weakness against RR. taking the price below 117 cal ……..

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LSE:STAN Standard Chartered Close Mid-Price: 411.6 Percentage Change: -8.88% Day High: 435.6 Day Low: 409.4

If Standard Chartered experiences continued weakness below 409.4, it will ……..

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View Previous Standard Chartered & Big Picture ***

LSE:TLW Tullow Close Mid-Price: 43.47 Percentage Change: -7.79% Day High: 45 Day Low: 40.81

Target met. If Tullow experiences continued weakness below 40.81, it will ……..

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View Previous Tullow & Big Picture ***

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

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