#Gold #Brent
This is proving to be a funny old week, unexpectedly giving chart updates against 6 world markets to “prove” how poorly the FTSE is performing. Finally, there are signs the FTSE could be about to sit up and take note of what’s happening everywhere else, aside from a tiny little problem. We’d mentioned other markets had early signs of running out of short term “oomph” and this came to fruition on Wednesday.
For Thursday, at present, things certainly look quite rosy for the FTSE…
Wall St managed to close Wednesday unchanged while the S&P dropped by 0.7%. And the weakest of the American party, the Nasdaq, decided to see what would happen if it reversed by 2.3%. The damage to the Nasdaq could be easily ascertained as it’s US Earnings season and two major Nasdaq constituents, returned some dodgy numbers, provoking Google to fall by 10% and Microsoft by 7.8%. With Meta (Facebook), Intel, Amazon, amongst many Nasdaq constituents due to report by the end of this week, there’s plenty of reason to wonder if bad behaviour on this index shall spread to the wider market place. We glanced at Meta earlier and quick calculations mentioned a potential of weakness coming to 77 USD. At time of writing, the share is trading around 107 USD.
As for QinetiQ, we’re mildly surprised their share price isn’t doing better, our thinking being the company must relish current conditions in Europe as military conflict must surely form a pretty big part of a defence contractors business plan. A quick glance through news stories relating to QinetiQ for recent months indicate the company isn’t sitting around, awaiting governments filling their online shopping baskets but instead, continues to expand the company, most recently acquiring an Australian aviation company who go by the interesting name of Air Affairs.
Any hope this was an organisation facilitating comfortable membership of the Mile High Club was disappointed. Instead, it’s a company who provide Threat Representation and Mission Rehearsal products to the Australian military. Presumably, this means they fly drones or tow targets through the sky.
Presently trading around 357p, QinetiQ share price needs exceed 363p to look capable of triggering share price movement to 380p next. Should this initial target level be exceeded, our longer term secondary calculates at 411p, an amazing ambition as it will represent a new all time high. Invariably, in such a situation, some hesitation can be expected but crucially, closure above the 400p level shall be regarded as important, moving the price into a zone where a future 477p works out as possible.
If QinetiQ intend spoil the party, their share price needs sink below 325p as this risks triggering reversal to 294p with secondary, if broken, at 272p and hopefully a bouncy bottom. But for now, similar to the FTSE, we suspect some hope for the future is allowed.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:26:29PM | BRENT | 94.27 | 92.1 | 91.87 | 91.02 | 93.2 | 94.42 | 95.15 | 95.97 | 92.73 | Success |
| 9:28:57PM | GOLD | 1664.03 | 1654 | 1652 | 1645 | 1665 | 1672 | 1676 | 1689 | 1660 | Success |
| 9:31:14PM | FTSE | 7033 | ‘cess | ||||||||
| 9:33:14PM | STOX50 | 3593 | ‘cess | ||||||||
| 9:35:42PM | GERMANY | 13155 | Success | ||||||||
| 9:38:02PM | US500 | 3838 | ‘cess | ||||||||
| 9:41:30PM | DOW | 31932 | ‘cess | ||||||||
| 9:46:05PM | NASDAQ | 11413 | |||||||||
| 9:48:50PM | JAPAN | 27411 |
26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%
25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%
24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%
21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%
20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%
19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%
18/10/2022 FTSE Closed at 6936 points. Change of 0.23%. Total value traded through LSE was: £ 4,606,547,755 a change of 0%
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:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **
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Updated charts published on : AFC Energy, Asos, Barrett Devs, British Telecom, Carnival, Centamin, Diageo, Glencore Xstra, Igas Energy, Intercontinental Hotels Group, Intertek, Just Eat, Natwest, Ocado Plc, Oxford Instruments, Serco, Standard Chartered,
LSE:AFC AFC Energy. Close Mid-Price: 20.3 Percentage Change: + 8.21% Day High: 20.82 Day Low: 18.02
Further movement against AFC Energy ABOVE 20.82 should improve accelerati ……..
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View Previous AFC Energy & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 639 Percentage Change: + 8.49% Day High: 658 Day Low: 573
Target met. In the event of Asos enjoying further trades beyond 658, the ……..
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View Previous Asos & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 378.3 Percentage Change: + 1.45% Day High: 385.5 Day Low: 372.9
Target met. Continued trades against BDEV with a mid-price ABOVE 385.5 sh ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 126.4 Percentage Change: + 0.56% Day High: 127.25 Day Low: 125.5
Further movement against British Telecom ABOVE 127.25 should improve acce ……..
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View Previous British Telecom & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 681.8 Percentage Change: + 3.81% Day High: 690.6 Day Low: 653
Target met. In the event of Carnival enjoying further trades beyond 690.6 ……..
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View Previous Carnival & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 94.8 Percentage Change: + 1.28% Day High: 95 Day Low: 93.42
All Centamin needs are mid-price trades ABOVE 95 to improve acceleration ……..
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View Previous Centamin & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3581.5 Percentage Change: -1.32% Day High: 3616.5 Day Low: 3505
If Diageo experiences continued weakness below 3505, it will invariably l ……..
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View Previous Diageo & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 515.9 Percentage Change: + 2.63% Day High: 515.2 Day Low: 500.4
In the event of Glencore Xstra enjoying further trades beyond 515.2, the ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 28.6 Percentage Change: -27.41% Day High: 41.4 Day Low: 27.8
Weakness on Igas Energy below 27.8 will invariably lead to 26 with second ……..
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View Previous Igas Energy & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4652 Percentage Change: + 1.64% Day High: 4650 Day Low: 4561
All Intercontinental Hotels Group needs are mid-price trades ABOVE 4650 t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 3863 Percentage Change: + 1.21% Day High: 3888 Day Low: 3806
Continued trades against ITRK with a mid-price ABOVE 3888 should improve ……..
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View Previous Intertek & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1510 Percentage Change: + 3.23% Day High: 1519.4 Day Low: 1430
Further movement against Just Eat ABOVE 1519.4 should improve acceleratio ……..
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View Previous Just Eat & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 244.6 Percentage Change: + 0.08% Day High: 246.7 Day Low: 242.5
In the event of Natwest enjoying further trades beyond 246.7, the share s ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 501.4 Percentage Change: -0.67% Day High: 523.6 Day Low: 487.2
Target met. In the event of Ocado Plc enjoying further trades beyond 523. ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2075 Percentage Change: + 3.49% Day High: 2090 Day Low: 1986
Target met. All Oxford Instruments needs are mid-price trades ABOVE 2090 ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 163.5 Percentage Change: + 0.49% Day High: 164.1 Day Low: 161.6
Further movement against Serco ABOVE 164.1 should improve acceleration to ……..
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View Previous Serco & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 526 Percentage Change: -5.12% Day High: 567.4 Day Low: 521.2
In the event Standard Chartered experiences weakness below 521.2 it calcu ……..
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View Previous Standard Chartered & Big Picture ***