#Brent #Dax
Several generations of folk must look at the retail banking sector on a Monday morning, say to themselves “I don’t like Mondays” and briefly pay mental homage to a distant tune from an Irish pop group. And then, they all move on, an irritating lyric in their head and a bad taste on the tongue as once again, the retail banking sector launches itself into another lacklustre week…
With Natwest share price, there have been fits and starts but unfortunately, the share appears determined to pretend its pre-Pandemic high of 230p represents a barrier as solid as that which separates most UK politicians from the truth. At least the Prime Minister opted to bow to the outrage caused by preferred venue for his next party and cancelled. But equally, we note the media are remaining quiet as to where the replacement shindig shall take place, making us suspect it’s probably going to be just outside Moscow, a luxury country dacha provided by whoever’s sponsoring the wedding.
Our cynical nature aside, there’s very little of encouragement going on with Natwest share price. In theory, now above 230p (Blue) should trigger price recovery to an initial 248p. If exceeded, our secondary calculates at a game changing 271p, thanks to the price painting a new “higher high”. We flippantly describe 271p as “game changing”, due to the retail bank consistently failing to give any reason for optimism but, to be fair, achieving such a price level is liable to be quite important, finally injecting genuine hope into the picture as the share price would attack levels not seen since 2019 and respectable days, when the UK wasn’t led by Mr Johnstone. Unfortunately, none of his predecessors to the top job in UK politics managed to accomplish anything particularly spectacular, making us wonder why an effort hasn’t been made to build a genetic clone of Mrs Thatcher, ideally one which comes with an “Off” switch! (As ‘Have I Got News For You’ is currently off our TV screens, we’ve little choice but to be whimsical)
If Natwest intends misbehave, the share price currently needs delve below Red (presently 206p) as this risks triggering reversal to an initial 196p with secondary, if broken, at 173p and hopefully a bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 3:36:37PM | BRENT | 105.83 | 102.58 | 101.25 | 99.55 | 104.28 | 106.42 | 106.84 | 109.97 | 103.6 |
| 4:13:10PM | GOLD | 1742.88 | ||||||||
| 4:19:09PM | FTSE | 7188.58 | ||||||||
| 4:20:33PM | STOX50 | 3497 | ||||||||
| 6:05:21PM | GERMANY | 12985 | 12763 | 12747 | 12672 | 12917 | 13022 | 13123 | 13369 | 12846 |
| 6:19:32PM | US500 | 3899.22 | ||||||||
| 6:21:06PM | DOW | 31336.7 | ||||||||
| 6:22:57PM | NASDAQ | 12125 | ||||||||
| 6:24:32PM | JAPAN | 26805 |
8/07/2022 FTSE Closed at 7196 points. Change of 0.1%. Total value traded through LSE was: £ 4,667,898,504 a change of -40.47%
7/07/2022 FTSE Closed at 7189 points. Change of 1.15%. Total value traded through LSE was: £ 7,840,836,272 a change of 27.41%
6/07/2022 FTSE Closed at 7107 points. Change of 1.17%. Total value traded through LSE was: £ 6,153,962,952 a change of -14.34%
5/07/2022 FTSE Closed at 7025 points. Change of -2.86%. Total value traded through LSE was: £ 7,184,234,461 a change of 102.6%
4/07/2022 FTSE Closed at 7232 points. Change of 0.64%. Total value traded through LSE was: £ 3,546,030,521 a change of -26.75%
1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%
30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%
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:AGM Applied Graphene** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:CBX Cellular Goods** **LSE:GKP Gulf Keystone** **LSE:OCDO Ocado Plc** **LSE:PMG Parkmead** **LSE:POG Petrop etc** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Applied Graphene, Asos, BALFOUR BEATTY, Cellular Goods, Gulf Keystone, Ocado Plc, Parkmead, Petrop etc, Taylor Wimpey,
LSE:AGM Applied Graphene Close Mid-Price: 15.5 Percentage Change: -18.42% Day High: 19 Day Low: 15.5
Weakness on Applied Graphene below 15.5. will invariably lead to 14. with ……..
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View Previous Applied Graphene & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 1005 Percentage Change: + 2.29% Day High: 1013 Day Low: 964.5
Target Met. Above 1013 still looks capable of a lift to 1064 with secondar ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 265.6 Percentage Change: + 2.23% Day High: 267 Day Low: 259.8
Further movement against BALFOUR BEATTY ABOVE 267 should improve accelerat ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 1.05 Percentage Change: -4.55% Day High: 1.05 Day Low: 1.05
If Cellular Goods experiences continued weakness below 1.05, it will inva ……..
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View Previous Cellular Goods & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 246.5 Percentage Change: + 1.23% Day High: 248.5 Day Low: 241.5
In the event of Gulf Keystone enjoying further trades beyond 248.5, the s ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 867 Percentage Change: + 1.83% Day High: 868.8 Day Low: 824.8
Continued trades against OCDO with a mid-price ABOVE 868.8 should improve ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 52 Percentage Change: + 7.33% Day High: 53 Day Low: 49
Further movement against Parkmead ABOVE 53 should improve acceleration to ……..
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View Previous Parkmead & Big Picture ***
LSE:POG Petrop etc. Close Mid-Price: 1.38 Percentage Change: + 31.90% Day High: 1.35 Day Low: 1.2
There’s a fair chance something is happening here as movement next above 1 ……..
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View Previous Petrop etc & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 112.95 Percentage Change: -1.65% Day High: 114.4 Day Low: 112
Target met. In the event Taylor Wimpey experiences weakness below 112 it ……..
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View Previous Taylor Wimpey & Big Picture ***