#Brent #Stoxx
Our ‘three weekly’ visit to Natwest is becoming as exciting as guessing who the next UK Prime Minister shall be. Prior to the current incumbent being selected, the media appeared to be giving the Downing St cat worrying degrees of press coverage, leading to suspicions the party of government was about to try something completely new and no sane human would take the job!
It’s maybe not the worst idea, considering a cat as Prime Minister, a species of animal always completely unaware of what it intends do next. Our own unwelcome cat is perfectly capable of sitting, gazing out of a window for hours on end. Equally, she uses similar levels of concentration on a wall and eventually, we guessed these periods of peace and quiet come from the animal replicating modern electronics, going into “stand-by” mode for a while.
Perhaps Natwest share price is enjoying its own version of “stand-by”, the value failing to go up sufficiently to meet targets nor able to head down sufficiently to meet targets! The single time where an attempt to head upward on October 27th with a surge to 247p was treated quite harshly, the share price gapped down to 230p the following morning. It was clear the market was not ready to allow the retail bank to run free, despite reports of record profits. The share price drop of 8.3% was blamed on the bank warning it was keeping an eye on any change in behaviour from its customers…
The immediate situation for Natwest is a bit troubling, movement below 223 pointing at the potential of near term reversal to 213p next. Hopefully such a target level proves capable of provoking a bounce as now, closure below 213p looks capable of entering a reverse cycle to 191p next. Perhaps the market shall deem 200p as sufficient to provide a rebound but we’ve some doubts as it’s almost a mite too obvious. The 200p level, as the chart shows, has proven sacrosanct on 4 previous occasions since 2021 as we’ll not be aghast if the market opts to let such an obvious glass floor break.
We do have concerns below the 191p level as a visually ridiculous long term target calculates at 130p, should such a trigger occur.
If things intend come up rosy in the Natwest garden, trades above 237p shall prove important as this now calculates with the potential of a lift to 254p with secondary, if bettered, a rather encouraging longer term 273p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 5:43:43PM | BRENT | 94.23 | 93.1 | 92.235 | 91.16 | 94.41 | 95.46 | 96.06 | 98.76 | 93.7 | |
| 5:45:38PM | GOLD | 1644.41 | Success | ||||||||
| 5:48:11PM | FTSE | 7085.88 | |||||||||
| 5:50:46PM | STOX50 | 3655.4 | 3609 | 3592 | 3571 | 3622 | 3655 | 3668 | 3697 | 3634 | Success |
| 5:52:46PM | GERMANY | 13383.57 | Success | ||||||||
| 6:20:58PM | US500 | 3900.52 | Success | ||||||||
| 6:27:33PM | DOW | 32860.3 | Success | ||||||||
| 6:30:24PM | NASDAQ | 11540 | ‘cess | ||||||||
| 6:32:11PM | JAPAN | 27515 | Success |
28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%
27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%
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%
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:AVCT Avacta** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Avacta, Diageo, ECO (Atlantic) O & G, Igas Energy, Oxford Instruments, Rolls Royce, Standard Chartered, Zoo Digital,
LSE:AVCT Avacta. Close Mid-Price: 121.9 Percentage Change: + 8.84% Day High: 121.5 Day Low: 111
Further movement against Avacta ABOVE 121.5 should improve acceleration t ……..
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View Previous Avacta & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3554 Percentage Change: + 0.91% Day High: 3550.5 Day Low: 3488
Weakness on Diageo below 3488 will invariably lead to 3353 with secondary ……..
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View Previous Diageo & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36.5 Percentage Change: + 3.11% Day High: 37.25 Day Low: 35.5
Further movement against ECO (Atlantic) O & G ABOVE 37.25 should improve ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 30 Percentage Change: + 8.30% Day High: 29.5 Day Low: 24.6
Target met. Continued weakness against IGAS taking the price below 24.6 c ……..
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View Previous Igas Energy & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2005 Percentage Change: -0.74% Day High: 2110 Day Low: 1988
Continued trades against OXIG with a mid-price ABOVE 2110 should improve ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 76.99 Percentage Change: + 0.85% Day High: 77.54 Day Low: 74.78
Further movement against Rolls Royce ABOVE 77.54 should improve accelerat ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 519.6 Percentage Change: -3.02% Day High: 525.6 Day Low: 515.6
Weakness on Standard Chartered below 515.6 will invariably lead to 511 wi ……..
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View Previous Standard Chartered & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 161.5 Percentage Change: + 3.53% Day High: 163.5 Day Low: 156
Further movement against Zoo Digital ABOVE 163.5 should improve accelerat ……..
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View Previous Zoo Digital & Big Picture ***