#Brent #Dax As it’s Kitchen Day in the USA, there’s a fair chance European markets shall open, move around a bit, then return to where they started at the end of business. This behaviour is almost like why we refer to this holiday as Kitchen Day, rather than its real title, “Memorial Day”. After all, everyone goes into the kitchen at some point, randomly opening drawers, before conceding they’ve forgotten why they were there in the first place, returning to the lounge or wherever with a vague hope you remember what prompted the visit.
In our own home, we’ve turned this ridiculous behaviour into an art, each of us constructing flamboyant answers to the inevitable question, “What was I looking for?” I think my wife won a personal best, when in utter frustration she grabbed her spare glasses, carelessly trying to fit them over the glasses she was already wearing. Glasses which, she’d gone into the kitchen to search for…
Last time we covered Natwest, we moaned it was as boring as the Miami GP. This time around, Monaco managed to defy expectations and produce a race which wasn’t entirely a snooze fest. The secret, as often is the case with Formula 1, was an ingredient often missing with this spectator event. “Just Add Water” in the shape of rain made the first half of proceedings fairly interesting, until everything reverted to type as the track dried out. Ferrari, with amazing incompetence, managed to give the winning position away and thus, became the first team since 2008 to fail to win despite qualifying first and second. The team in 2008 who pulled off this trick was, Ferrari… Hopefully Natwest share price doesn’t attempt to “do a Ferrari” as things are looking quite hopeful currently.
The key issue, as mentioned three weeks ago, is 227p. On Friday, the share closed the session at 227.2p, thus finding itself in pole position for some acceleration. Next above 230p should produce an attempt at 248p next with secondary, if exceeded, an amazing 270p. The reason we’re some impressed at the potential of 270p is simple. Such a movement risks becoming game changing for the retail banks long term potentials. We’ve shown them on the chart but shall refrain from saying them aloud, lest we jinx the process!
For things to go horribly wrong, the share price needs break below Blue, the long term downtrend, last stabbed by the Russia drop which looks capable of becoming a distant memory. Below 195p currently threatens reversal to 155p with secondary, if broken, an eventual bottom at 126p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 3:14:49PM | BRENT | 115.66 | 113.4 | 112.705 | 111.59 | 114.9 | 116.05 | 117.26 | 118.56 | 115 | ‘cess |
| 3:50:08PM | GOLD | 1854 | ‘cess | ||||||||
| 4:04:58PM | FTSE | 7597 | ‘cess | ||||||||
| 2:18:37PM | FRANCE | 6529 | Success | ||||||||
| 2:31:09PM | GERMANY | 14534 | 14227 | 14178 | 14059 | 14300 | 14535 | 14651 | 14790 | 14400 | Success |
| 2:58:54PM | US500 | 4158 | Success | ||||||||
| 3:06:36PM | DOW | 33204 | ‘cess | ||||||||
| 3:24:13PM | NASDAQ | 12679 | Success | ||||||||
| 3:29:56PM | JAPAN | 27145 | Success |
27/05/2022 FTSE Closed at 7585 points. Change of 0.28%. Total value traded through LSE was: £ 5,290,006,868 a change of -11.27%
26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%
25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%
24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%
23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
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:BARC Barclays** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:IGAS Igas Energy** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **
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Updated charts published on : Barclays, MAN, Firstgroup, Igas Energy, Ocado Plc, Oxford Instruments, Serco, Standard Chartered, Tern Plc, The Trainline,
LSE:BARC Barclays. Close Mid-Price: 170.38 Percentage Change: + 1.61% Day High: 171.08 Day Low: 166.46
Further movement against Barclays ABOVE 171.08 should improve acceleratio ……..
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View Previous Barclays & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 257.8 Percentage Change: + 0.19% Day High: 261.3 Day Low: 256
In the event of MAN enjoying further trades beyond 261.3, the share shoul ……..
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View Previous MAN & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 134.4 Percentage Change: + 3.54% Day High: 142.5 Day Low: 129.5
Continued trades against FGP with a mid-price ABOVE 142.5 should improve ……..
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View Previous Firstgroup & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 28.7 Percentage Change: -20.28% Day High: 35.2 Day Low: 28.1
If Igas Energy experiences continued weakness below 28.1, it will invaria ……..
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View Previous Igas Energy & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 901.4 Percentage Change: + 5.01% Day High: 902.4 Day Low: 843
In the event of Ocado Plc enjoying further trades beyond 902.4, the share ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2305 Percentage Change: + 2.67% Day High: 2365 Day Low: 2235
All Oxford Instruments needs are mid-price trades ABOVE 2365 to improve a ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 173.9 Percentage Change: + 3.70% Day High: 174.9 Day Low: 167.5
Target met. Continued trades against SRP with a mid-price ABOVE 174.9 sho ……..
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View Previous Serco & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 627 Percentage Change: + 0.51% Day High: 629.2 Day Low: 620.8
Target met. In the event of Standard Chartered enjoying further trades be ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 15 Percentage Change: + 9.09% Day High: 15.25 Day Low: 13.75
All Tern Plc needs are mid-price trades ABOVE 15.25 to improve accelerati ……..
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View Previous Tern Plc & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 321.6 Percentage Change: -0.77% Day High: 328.4 Day Low: 315.6
Further movement against The Trainline ABOVE 328.4 should improve acceler ……..
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View Previous The Trainline & Big Picture ***