#Brent #Dax
There’s only one thing more boring than cutting grass and it’s our largely self imposed requirement to write about each of the Big Three Banks, every three weeks. Alas, thanks to a combination of hot weather, pampas grass, and stupidity, the engine of the little tractor seized, the only thing left is to complain about Lloyds inactivity again!
Misjudging a turn on the lawn brought a collision with a mature pampas grass, while swiftly giving the lawn a cut one recent hot afternoon. To be honest, perhaps there was some cider involved, an essential on a hot day. Reversing from the deadly plant, it was easy to assume a few bits of greenery had hooked onto the tractor but suddenly, it pulled free. Unfortunately, what hadn’t been noticed was the rotating accessory shaft at the from of the machine had pulled in some pampas green shoots, the stuff which is the nemesis of most garden machinery, due to its indestructible nature.
In the plant world, pampas grass is unique. The green parts are almost bulletproof but the brown bits are highly flammable.
The green blades of pampas, unspotted, wound themselves around the accessory shaft, jamming everything up and putting a lot of strain on the engine. Around 50 yards from the scene of the collision, smoke and an awful smell warned something was wrong, so the big red “Stop Everything” button was hit. Everything stopped and an inspection suggests the ancient engine is unlikely to start ever again without some serious work. It was to take another day before discovering pampas grass was now tightly wound around the main engine drive pulley.
To be polite, it’s unlikely the three pampas grass around our lawn shall survive autumn. Over the years, they’ve won every battle with garden machinery but the little tractor appeared stronger, right until the point it wasn’t. Another side of the coin, digging out the self propelled lawnmower was an eye-opener. It took 4 passes with the machine to almost match one pass with the tractor. And then I got bored and stopped, suddenly remembering cutting the grass manually needed 1.4 miles of back and forth walking. I shall wait for the tractor engine being rebuilt.
As for Lloyds, there’s allegedly reason for optimism, the share price currently needing to trade above 47.3p to trigger price recovery to an initial 51p with secondary, if bettered, at 53.5p. The secondary is quite a big deal, affording the share the potential of closing a session above Blue on the chart and finding itself in a zone where a long term 76p shall be viewed as the driving influence.
As always with a retail bank, we’re always a little bit sceptical.
Lloyds share price currently needs dip below 42.4p to gently tap an alarm bell. This risks promoting reversal to an initial 40p and hopefully a rebound. If broken, our secondary calculates down at 35.5p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 7:29:09PM | BRENT | 97.55 | 96.48 | 95.985 | 94.69 | 98.37 | 98.45 | 99.95 | 102.44 | 96.93 | |
| 9:09:59PM | GOLD | 1802.75 | ‘cess | ||||||||
| 9:12:16PM | FTSE | 7541.21 | ‘cess | ||||||||
| 9:17:23PM | STOX50 | 3808 | ‘cess | ||||||||
| 9:20:16PM | GERMANY | 13886 | 13716 | 13676 | 13606 | 13790 | 13886 | 13904 | 13974 | 13848 | ‘cess |
| 9:54:41PM | US500 | 4278 | Success | ||||||||
| 9:57:23PM | DOW | 33748 | ‘cess | ||||||||
| 9:59:28PM | NASDAQ | 13558 | |||||||||
| 10:07:07PM | JAPAN | 28764 | Success |
12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%
11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
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%
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:AFC AFC Energy** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **
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Updated charts published on : AFC Energy, Barclays, BP PLC, Darktrace Plc, ECO (Atlantic) O & G, Igas Energy, IG Group, Natwest, Omega Diags,
LSE:AFC AFC Energy Close Mid-Price: 31.08 Percentage Change: -0.19% Day High: 32.1 Day Low: 29.5
All AFC Energy needs are mid-price trades ABOVE 32.1 to improve accelerat ……..
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View Previous AFC Energy & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 171.6 Percentage Change: + 1.55% Day High: 172.92 Day Low: 169.32
Further movement against Barclays ABOVE 172.92 should improve acceleratio ……..
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View Previous Barclays & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 430.55 Percentage Change: + 0.70% Day High: 435.9 Day Low: 427.75
Further movement against BP PLC ABOVE 435.9 should improve acceleration t ……..
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View Previous BP PLC & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 426.4 Percentage Change: + 6.60% Day High: 431.1 Day Low: 395.5
Target met. All Darktrace Plc needs are mid-price trades ABOVE 431.1 to i ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 31 Percentage Change: + 8.39% Day High: 31.75 Day Low: 28.25
Target met. Continued trades against ECO with a mid-price ABOVE 31.75 sho ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 74.2 Percentage Change: + 13.46% Day High: 77 Day Low: 66.2
Target met. In the event of Igas Energy enjoying further trades beyond 77 ……..
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View Previous Igas Energy & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 842 Percentage Change: + 0.96% Day High: 844.5 Day Low: 830
Further movement against IG Group ABOVE 844.5 should improve acceleration ……..
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View Previous IG Group & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 261.7 Percentage Change: + 1.99% Day High: 262.5 Day Low: 257
In the event of Natwest enjoying further trades beyond 262.5, the share s ……..
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View Previous Natwest & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 3.08 Percentage Change: -0.81% Day High: 3.08 Day Low: 2.95
Continued weakness against ODX taking the price below 2.95 calculates as ……..
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View Previous Omega Diags & Big Picture ***