#Brent #Dax The coming week looks quite dreadful, thanks to the advent calendar on my desk only showing 5 more windows from which it shall dispense little miserable chunks of chocolate. Who knew, when it was received, this terrible excuse for a Xmas card would assume such a key role in counting down the days. Okay, perhaps everyone knows but personally I’ve never been given one of these things.
One hitherto unknown facet of this item of torture was a revelation I’m a complete chocolate addict! The normal office routine is to turn on the espresso machine, turn on the computers, grind some coffee beans, etc. Now, it’s a rush to the calendar and scoff a fragment of chocolate. Perhaps the reason is I generally only allow myself confectionary on Xmas day, my waistlines best friend, a chocolate orange.
I’ve just 5 chocolate treats left for the coming week, the market in London closing at 12.30pm on Friday for what shall be quite a decent break, due to Monday & Tuesday being allocated holiday status due to Xmas falling on the weekend. It’s easy to wonder if I shall deserve a 2nd chocolate orange on the Monday, a sort of Xmas day in lieu excuse. It’s certainly going to be curious this year, discovering if chocolate oranges have yet again shrunk in size. Over the years, it has become obvious the manufacturer has opted to reduce the size of their product, rather than increase the retail price. Sooner or later, a reasonable suspicion is the little globes of heaven shall challenge the size of maltesers.
While counting down the minutes until my 8am chocolate morsel, it’s probably worth noting our previous report on Brent three weeks ago came to fruition. The black stuff opted to reverse and break our $68 initial target level. The break, or rather, the force of the break down to a surprise $65 tends suggest the markets are taking the threat of further lockdowns quite seriously. As a result, we’re inclined to expect the worst in the week again, while Governments agonise whether to effectively cancel Xmas. Of course, it’s doubtful the UK could “get away” with such a wheeze, given photographs at the weekend of a lazy wine & cheese bash at Downing St in May 2020, literally none of the guidelines being followed. But with Germany and France already opting to restrict travel from the UK, it’s maybe the case the damage has already been done. Again.
If this results in a panic set of lockdown rules, the knock-on effect across the markets is liable to prove quite spectacular.
Now below $68 calculates with the triggering possibility of Brent Crude heading down to $60.76 initially. In the event such a level breaks, our secondary (and hopefully bottom) works out at $43.62. Should such weakness trigger, the tightest stop is impossibly wide at $77.
Lloyds Bank (LON:LLOY) As for Lloyds, we can be brief. Our criteria three weeks ago proposed an argument for reversal to 44.6p. This level was achieved and even broken. As a result, we’re inclined toward a degree of misery in speculating what’s coming next. The price now needs break 44.3p to trigger reversal to an initial 43.16p with secondary, if (or rather when) broken at a bottom of 40.3p. Overall, Lloyds share price is now trading in a region where we calculate an ultimate bottom of 32p has become possible. It’s probably important to view the inset on the chart below. The upper inset with candles shows the share price appears to exceed the immediate Red uptrend. The lower inset, the closing price, shows the market took exquisite care to avoid the price closing a session in safety.
As a result, we suspect the markets are just waiting a Lockdown announcement to provoke sharp reversals. Lloyds now requires to trade above 48p to aim for any sort of safety.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:32:32PM | BRENT | 77.93 | 72.64 | 72.27 | 71.83 | 73.74 | 74.42 | 74.68 | 75.36 | 73.46 | Success |
| 10:35:06PM | GOLD | 1796.3 | Success | ||||||||
| 10:37:06PM | FTSE | 7239.81 | |||||||||
| 10:39:57PM | FRANCE | 6927 | Success | ||||||||
| 10:43:11PM | GERMANY | 15502.05 | 15417 | 15346 | 15272 | 15509 | 15613 | 15644 | 15719 | 15484 | ‘cess |
| 10:45:03PM | US500 | 4624 | Success | ||||||||
| 10:54:37PM | DOW | 35452 | Success | ||||||||
| 11:03:23PM | NASDAQ | 15793 | |||||||||
| 11:05:40PM | JAPAN | 28467 | ‘cess |
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:AVCT Avacta** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:SBRY Sainsbury** **
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Updated charts published on : Avacta, Empyrean, EasyJet, Sainsbury,
LSE:AVCT Avacta Close Mid-Price: 108.5 Percentage Change: -4.82% Day High: 110 Day Low: 106
This is not encouraging as below 106 now suggests coming weakness to 90p n ……..
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View Previous Avacta & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 7 Percentage Change: -2.78% Day High: 7.2 Day Low: 7
Further movement against Empyrean ABOVE 7.2 should improve acceleration t ……..
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View Previous Empyrean & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 504.6 Percentage Change: + 3.85% Day High: 506 Day Low: 483.9
We’re two distinct scenario, each pointing to the potential of EJ gliding ……..
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View Previous EasyJet & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 273 Percentage Change: + 1.04% Day High: 273.2 Day Low: 269.9
In the event Sainsbury experiences weakness below 269.9 it calculates wit ……..
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View Previous Sainsbury & Big Picture ***