#Brent #DAX Thursday and Friday of last week surely deserve an award, if only for some of the most blatant manipulation of the FTSE. Somehow, in an impossible session, the FTSE for Friday achieved a day high of 7497.94 points, just 24/100ths below the previous day high. It essentially suggested all the Russia panic was as real as many TV clips were at the start of the Covid-19 panic, the ones showing bodies lying in the streets in China or a military convoy full of coffins from a village in Italy.
Despite the truth eventually emerging regarding fake footage (scenes from a Zombie movie and misrepresented video of a NATO convoy from 2015), once again we’re being bombarded with dubious reports and given the FTSE’s behaviour over the two sessions, it certainly feels like the markets don’t believe a true picture has emerged for whatever is going on. But the behaviour of the markets, along with ludicrous moves in the price of Gold collectively left a very bad smell, due to the almost indecent haste with which Thursdays movements were corrected on Friday. It almost felt like grown ups had returned to the controls, undoing whatever the heck happened on Thursday.
Alas, not all of the damage was fixed with Lloyds share price finding itself, suddenly, in a questionable position. The share price was manipulated downward from 52.2p to 48p at the open on Thursday, yet only managed to close the session at 49.68p on Friday. Had FTSE movements been representative of the bank, the share price should ideally have closed Friday at around 52.1p, obviously failing to do so. This has created a situation where we must regard Thursdays movements as a potential (pardon the pun) warning shot for the future, now suggesting future weakness on Lloyds share price below 46p risks provoking reversal to an initial 42.5p with secondary, if broken, down at 32.7p. The market certainly recovered the price above the immediate Red uptrend but should Lloyds manage below last Thursdays bottom, this is the sort of early warning which should really merit close attention.
If there’s to be any meaningful effort to recover Lloyds share price, the first signal should come with near term strength exceeding just 50.25p. Apparently, a movement such as this should trigger recovery to an initial 53.3p with our secondary, if bettered, calculating at a more useful 58.7p. To be honest, we shall not be surprised for the price to experience such levels of recovery, carefully avoiding breaking the Blue downtrend on the chart. And if something happens which genuinely justifies an bout of nerves, such as last week, everything could reverse fairly sharply to an eventual 32.7p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 3:28:18PM | BRENT | 94.81 | 93.02 | 90.49 | 86.46 | 95.52 | 96.21 | 96.77 | 98.02 | 94.21 | |
| 3:42:01PM | GOLD | 1890.87 | ‘cess | ||||||||
| 9:43:36PM | FTSE | 7554 | Success | ||||||||
| 10:20:55PM | FRANCE | 6748.9 | Success | ||||||||
| 10:23:40PM | GERMANY | 14668 | 14378 | 14277 | 14146 | 14531 | 14670 | 14808 | 14953 | 14489 | Success |
| 10:27:05PM | US500 | 4368.77 | Success | ||||||||
| 10:30:54PM | DOW | 33967 | Success | ||||||||
| 10:33:09PM | NASDAQ | 14114 | |||||||||
| 10:35:16PM | JAPAN | 26974 |
25/02/2022 FTSE Closed at 7489 points. Change of 3.91%. Total value traded through LSE was: £ 8,442,124,681 a change of -14.64%
24/02/2022 FTSE Closed at 7207 points. Change of -3.88%. Total value traded through LSE was: £ 9,889,574,342 a change of 64.76%
23/02/2022 FTSE Closed at 7498 points. Change of 0.05%. Total value traded through LSE was: £ 6,002,308,781 a change of -10.52%
22/02/2022 FTSE Closed at 7494 points. Change of 0.13%. Total value traded through LSE was: £ 6,707,697,679 a change of 29%
21/02/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 5,199,890,341 a change of -19.05%
18/02/2022 FTSE Closed at 7513 points. Change of -0.32%. Total value traded through LSE was: £ 6,423,213,414 a change of 12%
17/02/2022 FTSE Closed at 7537 points. Change of -0.87%. Total value traded through LSE was: £ 5,734,831,803 a change of -14.78%
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:GLEN Glencore Xstra** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ODX Omega Diags** **LSE:RBD Reabold Resources PLC** **
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Updated charts published on : Glencore Xstra, IG Group, International Personal Finance, Omega Diags, Reabold Resources PLC,
LSE:GLEN Glencore Xstra. Close Mid-Price: 439.15 Percentage Change: + 4.00% Day High: 442.75 Day Low: 421.2
Continued trades against GLEN with a mid-price ABOVE 442.75 should improv ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 770.5 Percentage Change: + 2.26% Day High: 773 Day Low: 746
Target met. Weakness on IG Group below 746 will invariably lead to 735 wi ……..
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View Previous IG Group & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 119.4 Percentage Change: -2.45% Day High: 123 Day Low: 116.2
If International Personal Finance experiences continued weakness below 11 ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 4.65 Percentage Change: -4.62% Day High: 4.88 Day Low: 4.53
In the event Omega Diags experiences weakness below 4.53 it calculates wi ……..
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View Previous Omega Diags & Big Picture ***
LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.38 Percentage Change: + 8.70% Day High: 0.39 Day Low: 0.34
Target met. In the event of Reabold Resources PLC enjoying further trades ……..
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View Previous Reabold Resources PLC & Big Picture ***