#Brent #Dax
The final bank holiday Monday of 2022 provoked quite a poignant mood with many watching the end of an era slowly drive past on telly in perfectly choreographed dignity. It all begs the question, are we about to witness the birth of a new UK, one finally freeing itself from a fondness of adhering to history? Or does the country face more of the same, a media intent of protecting the way things have always been.
The reason for such a whimsical approach stems from politics. Many folk have come to believe the charade of a General Election every few years actually changes nothing as, when it comes down to it, the practical difference between the two major parties in the UK are minimal as once in power, the lure of the trough assumes over-riding importance. Even for the 3rd party in parliament, the SNP, their members appear more interested in expense receipts than the country they are supposed to represent. Perhaps, a change in Monarch shall finally provide a shake up at the heart of the UK or perhaps, we shall discover some reality behind the nursery rhyme ‘Sing A Song Of Sixpence’ words;
“The King is in his counting house, counting out his money…”
Of course, maybe recent news of countries opting to abandon Covid-19 protocols, declaring happy days are here again, shall suffice to allow optimism.
We hope for a change of mood, especially considering the moribund nature of the banking sector. Three weeks ago, when we covered Natwest, we very real concerns if the markets started playing games with price manipulation gaps in regard to Natwest share price. Suffice to say, the last three weeks has been terrible, the plethora of gaps now requiring some major dentistry if they are to be covered up!
The Blue diagonal line on the chart extract below is pretty interesting (if you’re us) as it dates back to 2015. There can be little doubt the wider market also shares some fascination with this downtrend as it has been careful to manipulate Natwest share price above, then below, then above this trend during the last 6 weeks in a series of movements which must mean something. The first two we viewed as extremely dangerous, a pretty severe warning of dangerous times coming. Suddenly though, everything changed last Monday. The market opted to gap Natwest UP once again (right hand Red circle), exceeding the downtrend and once again propelling the share price into the realms of potential safety.
Do we understand what this means? Easy answer; Nope.
Does it generate any positive thoughts? A less easy answer is Yes, especially as this sojourn into the land of hope also has the potential of giving some glory! The market is clearly trying to manoeuvre Natwest price upward and this 7 year old downtrend is significant.
Thanks to a series of horribly complex reasons, the share price now needs close above 303p (currently, an immediate target level) to be seen as entering a recovery cycle to an initial 354p with secondary, if exceeded, a longer term 406p. Even visually, this argument actually makes some sense as it affords the share the chance of closing above the glass ceiling which has formed just below the 300p level during the last three years.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:36:58PM | BRENT | 90.86 | 87.6 | 86.03 | 85.05 | 88.7 | 91.64 | 92.76 | 94.48 | 90.61 |
| 10:40:15PM | GOLD | 1676.23 | 1672 | |||||||
| 10:42:09PM | FTSE | 7274 | 7241 | |||||||
| 10:43:42PM | STOX50 | 3526.7 | 3496 | |||||||
| 10:45:21PM | GERMANY | 12893 | 12778 | 12743 | 12690 | 12846 | 12901 | 12944 | 12993 | 12854 |
| 10:47:39PM | US500 | 3907.42 | 3885 | |||||||
| 10:49:17PM | DOW | 31060 | 30837 | |||||||
| 10:51:08PM | NASDAQ | 11965 | 11864 | |||||||
| 10:53:11PM | JAPAN | 27733 | 27639 |
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%
12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%
9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
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:AML Aston Martin** **LSE:BBY BALFOUR BEATTY** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:TSCO Tesco** **
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Updated charts published on : Aston Martin, BALFOUR BEATTY, Lloyds Grp., Marks and Spencer, National Glib, Primary Health, Royal Mail, Tesco,
LSE:AML Aston Martin Close Mid-Price: 178.15 Percentage Change: -0.97% Day High: 187.95 Day Low: 165
Further movement against Aston Martin ABOVE 187.95 should improve acceler ……..
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View Previous Aston Martin & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 334.4 Percentage Change: -1.42% Day High: 346.4 Day Low: 334.8
All BALFOUR BEATTY needs are mid-price trades ABOVE 346.4 to improve acce ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 47.8 Percentage Change: + 0.39% Day High: 48.2 Day Low: 47.12
Further movement against Lloyds Grp. ABOVE 48.2 should improve accelerati ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 114.3 Percentage Change: -1.25% Day High: 116.25 Day Low: 113.2
Weakness on Marks and Spencer below 113.2 will invariably lead to 98 with ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1036 Percentage Change: + 0.14% Day High: 1039.5 Day Low: 1025.5
Continued weakness against NG. taking the price below 1025.5 calculates a ……..
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View Previous National Glib & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 132.2 Percentage Change: + 1.46% Day High: 132.6 Day Low: 128.6
In the event Primary Health experiences weakness below 128.6 it calculate ……..
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View Previous Primary Health & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 229.7 Percentage Change: -8.08% Day High: 235.3 Day Low: 217.7
Target met. If Royal Mail experiences continued weakness below 217.7, it ……..
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View Previous Royal Mail & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 231.5 Percentage Change: -0.22% Day High: 233.2 Day Low: 229.8
Target met. Continued weakness against TSCO taking the price below 229.8 ……..
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View Previous Tesco & Big Picture ***