#Brent #Dax August has now swung into full frustration mode, many share prices simply going through the motion during a period when no-one is particularly interested. In Europe, this must be an especially strange month on the markets, due to the very real nature of close-downs for the entire holiday month. But the UK, resolutely, pretends to ignore reality and instead, just moan about the weather.
One thing worthy of comment, due to ongoing ridiculous fuel costs, has been the recent approval by US Regulators of the first Small Modular Nuclear Reactors. This approval is especially germane for Rolls Royce who’ve announced they’re looking at producing a Mobile Small Nuclear Reactor. While thinking this was exactly what a nuclear submarine was – and remains – we’ve been keeping abreast with Rolls Royce work in this field.
Our little tractor would doubtless benefit from a “Back To The Future” type of nuclear device, ideally capable of treating grass cuttings as reaction mass, as it’s now easy to grudge every trip to the local petrol station to fill various fuel cans for various machines. The tractor likes one fuel, the chainsaw and pressure cleaner another, the strimmer yet another special mix, and somehow, they each appear to consume 5 litres per month. Previously this thirst had been ignored but now, the cost has been “noticed”.
All kidding aside, we’re mildly fascinated with Rolls Royce share price movements, entirely due to their nuclear initiative, and shall doubtless cover them in a headline analysis during the coming week.
As for Barclays, hopefully they’re also capable of finally doing something useful during August. Near term, above 166p should make an attempt at an initial 169p with secondary, if exceeded, a rather more interesting 177p. Visually, it isn’t difficult to understand why the secondary is of interest, taking the share price above it’s previous two highs and finding itself in a region where a longer term visit to 212p now makes quite a lot of sense.
For everything to now go wrong, the price requires slip below Red on the chart, presently around 150p, to risk triggering reversals to an initial 133p with secondary, if broken, at 119p eventually.
However, we suspect we’ve just seen early signs of an attempt to drive Barclays up to 212p, doubtless not during August.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:57:14PM | BRENT | 94.09 | 92.45 | 91.07 | 88.16 | 94.7 | 96.12 | 97.25 | 98.86 | 93.7 | ‘cess |
| 9:59:19PM | GOLD | 1775.47 | |||||||||
| 10:01:47PM | FTSE | 7456 | |||||||||
| 10:03:53PM | STOX50 | 3739 | ‘cess | ||||||||
| 10:05:37PM | GERMANY | 13618 | 13557 | 13517 | 13424 | 13620 | 13695 | 13743 | 13805 | 13623 | |
| 10:17:32PM | US500 | 4144.6 | Success | ||||||||
| 10:19:57PM | DOW | 32794 | Success | ||||||||
| 10:23:09PM | NASDAQ | 13208 | |||||||||
| 10:24:58PM | JAPAN | 28117 |
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%
29/07/2022 FTSE Closed at 7423 points. Change of 1.06%. Total value traded through LSE was: £ 6,113,428,375 a change of 2.61%
28/07/2022 FTSE Closed at 7345 points. Change of -0.04%. Total value traded through LSE was: £ 5,958,117,609 a change of -17.71%
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:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : Glencore Xstra, Igas Energy, IG Group, Scottish Mortgage Investment Trust,
LSE:GLEN Glencore Xstra. Close Mid-Price: 466.8 Percentage Change: + 1.53% Day High: 473.8 Day Low: 457.75
Target Met or near enough. All Glencore Xstra needs are mid-price trades A ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 51.1 Percentage Change: + 3.76% Day High: 53.6 Day Low: 49.3
Continued trades against IGAS with a mid-price ABOVE 54 should improve the ……..
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View Previous Igas Energy & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 817.5 Percentage Change: -0.06% Day High: 826.5 Day Low: 815.5
In the event of IG Group enjoying further trades beyond 827, the share sho ……..
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View Previous IG Group & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 907 Percentage Change: -0.59% Day High: 926.8 Day Low: 899.6
Now above 927 makes a climb to an initial 978 a pretty confident concept. ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***