#FTSE #NK225 It’s time for our annual Big Picture glance at Glencore, a company which has enjoyed a truly confusing 2022 with regard their share price. However, there are some early signs some clarity of movement is coming, something also shared with (cue: sardonic drum roll) the FTSE. Last week, we continually visited the FTSE, mentioning 7180 points as a key level of interest.
The UK market celebrated the start of November by closing the session at 7186.16 points. While not substantial, this closing price is above our trigger level of 7180.17, allegedly pointing at great things for the future, along with the hope of some strength in the UK market as 2022 staggers toward the year end. Generally, when a price exceeds such a crucial level, the point of a historical trend break, it’s party time for the next few sessions and our wish is for the UK to enjoy the exuberance experienced by ALL the other major markets, when they each exceeded their own Pandemic trend break level. We’re now hoping for great things, hopefully not derailed by political mischief making. Essentially, apparently we should anticipate a cycle above 7222 points to bring an initial 7276 points with secondary, if bettered, 7467 points. Or as we know it in-house, it’s now fingers crossed time!
To return to Glencore Plc, similar to the FTSE, a fair amount of optimism is now present for future price movements. Currently trading around 523p, we’ve a ‘Jobsworth’ type of requirement demanding the share price close above 525p to give early warning for the potential of the share attaining some new all time highs. Our bias is to treat the immediate closing price as “close enough” as movement near term above 529p should make an attempt at an initial 538p with secondary, if exceeded, a more useful 565p.
Achieving 565p will prove important, painting a new high for the share price and despite the visuals implying such an ambition would make a perfect price level to provide an entertaining back-test to around the 510p level. However, it would be churlish not to admit Glencore reaching new all time highs has a serious Big Picture potential as a future 696p becomes a perfectly viable aspiration.
At present, Glencore needs break Red at 430p to cause panic.
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | PriorFUTURES |
| 9:07:40PM | BRENT | 94.53 | Success | ||||||||
| 9:22:48PM | GOLD | 1648 | Success | ||||||||
| 9:25:34PM | FTSE | 7179.32 | 7128 | 7101 | 7061 | 7175 | 7222 | 7257 | 7301 | 7130 | Success |
| 9:27:18PM | STOX50 | 3660.5 | Success | ||||||||
| 9:52:53PM | GERMANY | 13357 | |||||||||
| 9:54:56PM | US500 | 3855 | ‘cess | ||||||||
| 9:57:07PM | DOW | 32637.9 | ‘cess | ||||||||
| 9:58:48PM | NASDAQ | 11298 | Shambles | ||||||||
| 10:00:27PM | JAPAN | 27554 | 27494 | 27392 | 27260 | 27590 | 27732 | 27778 | 27872 | 27580 | Success |
1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%
31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%
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%
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:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **
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Updated charts published on : AFC Energy, Bowleven, BP PLC, Carnival, Darktrace Plc, Glencore Xstra, British Airways, Intercontinental Hotels Group, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Tesco, Zoo Digital,
LSE:AFC AFC Energy. Close Mid-Price: 22.86 Percentage Change: + 7.63% Day High: 23.16 Day Low: 20.14
In the event of AFC Energy enjoying further trades beyond 23.16, the shar ……..
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View Previous AFC Energy & Big Picture ***
LSE:BLVN Bowleven Close Mid-Price: 2.25 Percentage Change: -25.00% Day High: 2.75 Day Low: 1.75
Continued weakness against BLVN taking the price below 1.75 calculates as ……..
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View Previous Bowleven & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 486.45 Percentage Change: + 1.39% Day High: 486.9 Day Low: 474.2
Continued trades against BP. with a mid-price ABOVE 486.9 should improve ……..
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View Previous BP PLC & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 703 Percentage Change: + 0.98% Day High: 732.2 Day Low: 695.4
Target met. Further movement against Carnival ABOVE 732.2 should improve ……..
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View Previous Carnival & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 362.2 Percentage Change: + 1.31% Day High: 376.5 Day Low: 351
All Darktrace Plc needs are mid-price trades ABOVE 376.5 to improve accel ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 523.8 Percentage Change: + 4.86% Day High: 528.9 Day Low: 511.3
Target met. Continued trades against GLEN with a mid-price ABOVE 528.9 sh ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 123.44 Percentage Change: + 1.55% Day High: 125.82 Day Low: 121.98
Target met. Continued trades against IAG with a mid-price ABOVE 125.82 sh ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4705 Percentage Change: + 0.19% Day High: 4779 Day Low: 4689
Target met. Further movement against Intercontinental Hotels Group ABOVE ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1599.2 Percentage Change: + 7.13% Day High: 1649.6 Day Low: 1533.6
Target met. In the event of Just Eat enjoying further trades beyond 1649. ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 110.8 Percentage Change: + 5.02% Day High: 112.45 Day Low: 104.75
All Marks and Spencer needs are mid-price trades ABOVE 112.45 to improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 962.8 Percentage Change: + 1.52% Day High: 965 Day Low: 952
Continued trades against NG. with a mid-price ABOVE 965 should improve th ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 654.6 Percentage Change: + 38.57% Day High: 671.4 Day Low: 530
Target met. All Ocado Plc needs are mid-price trades ABOVE 671.4 to impro ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 81.5 Percentage Change: + 4.29% Day High: 82.42 Day Low: 79.19
Continued trades against RR. with a mid-price ABOVE 82.42 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 217.8 Percentage Change: + 1.26% Day High: 219.2 Day Low: 216.5
Further movement against Tesco ABOVE 219.2 should improve acceleration to ……..
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View Previous Tesco & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 174.5 Percentage Change: + 5.76% Day High: 176 Day Low: 166
Target met. In the event of Zoo Digital enjoying further trades beyond 17 ……..
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View Previous Zoo Digital & Big Picture ***