#Gold #SP500
It appears Lithium is hot this week as a bunch of emails appeared, asking our thoughts on Firering. It was easy to make the assumption their activities were based in The Ring Of Fire, around the Pacific ocean, due to the company name. Instead, it transpires they operate in West Africa. But first, some thoughts on the US interest rate change, the UK expected to follow suit.
The whole interest rate thing is, personally, an enigma. A common refrain from governments is of the need to raise interest rates to control inflation, mindset which appears counter intuitive. By increasing interest rates, the cost of money increases, the cost of living increases, and of course, inflation goes up. Is it really the case governments want to harm industry and business by forcing prices higher, to reduce demand, necessitating business’ to reduce margins and cut prices in the hope of creating demand.
Simply from viewing the price of crude oil alone, the (almost) worldwide gambit of price gouging was clearly agreed before Russia did anything to Ukraine, oil and gas prices being seen as a leading cause in the current inflationary cycle. Perhaps there’s a little magic from interest rates we’re all unaware of, maybe provoking the cost of refining a barrel of crude to reduce from $49 back closer to the original $9 at the start if this year. Alas, rather than dare question why this occurred in a synchronised event among the oil majors , politicians just shake their heads and shrug about the dangers of inflation. It’s all a little crazy, the logic surely ensuring the statue of economist Thomas Malthus spins on its plinth when no-one is watching.
For those who want to learn more about Firering activities, a visit to their website is recommended where the reader can discover all about Lithium and Coltan in Cote D’Ivoire.
However, we’re more interested in their share price as it looks like it’s being primed for some positive movement, gapped up substantially at the market open on 2nd November. Our inclination is to treat the immediate near term target of 13.5p as a trigger level.
Above 13.5p calculates with the potential of a lift to 15.8p next with secondary, if exceeded, calculating at 20.5p. Visually, it certainly looks like our initial target of 15.8p should provoke some sort of hesitation, given this ambition marginally exceeds the opening price in November last year. At present, the highest we dare project into the future is 20.5p but should such a hope come to fruition, we shall certainly revisit the numbers and calculate things again.
The share price requires below 8.5p to indulge panic but, given the strength of the opening price manipulation on the 2nd Nov, it appears the market may have strong plans for the future.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:38:08PM | BRENT | 95.42 | ‘cess | ||||||||
| 9:40:20PM | GOLD | 1635.71 | 1634 | 1631 | 1618 | 1642 | 1649 | 1652 | 1658 | 1639 | |
| 9:44:38PM | FTSE | 7110.5 | ‘cess | ||||||||
| 9:48:09PM | STOX50 | 3585.8 | Success | ||||||||
| 9:50:31PM | GERMANY | 13160 | Shambles | ||||||||
| 9:52:55PM | US500 | 3761.77 | 3750 | 3726 | 3669 | 3785 | 3819 | 3845 | 3877 | 3772 | Success |
| 10:30:11PM | DOW | 32137 | Success | ||||||||
| 10:32:36PM | NASDAQ | 10892.47 | |||||||||
| 10:35:01PM | JAPAN | 27287 | Shambles |
2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%
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%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:GLEN Glencore Xstra** **LSE:HUR Hurrican Energy** **LSE:ZOO Zoo Digital** **
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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Glencore Xstra, Hurrican Energy, Zoo Digital,
LSE:AFC AFC Energy Close Mid-Price: 21.32 Percentage Change: -6.74% Day High: 23.62 Day Low: 21.52
In the event of AFC Energy enjoying further trades beyond 23.7, the share ……..
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View Previous AFC Energy & Big Picture ***
LSE:AGM Applied Graphene Close Mid-Price: 12.5 Percentage Change: -10.71% Day High: 14.68 Day Low: 12.5
The share requires to trade ABOVE 17 to give an initial 22 with secondary, ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin Close Mid-Price: 89.58 Percentage Change: -15.25% Day High: 99.98 Day Low: 87.5
Below 86 now looks capable of a visit to 78 next with secondary, if broken ……..
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View Previous Aston Martin & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 514.1 Percentage Change: -1.85% Day High: 532.5 Day Low: 512.9
Further movement against Glencore Xstra ABOVE 532.5 should improve accele ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 7.6 Percentage Change: + 11.76% Day High: 8.5 Day Low: 7.51
Now above 8.5 should aim at an initial 9.5 with secondary, if exceeded, co ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 177 Percentage Change: + 1.43% Day High: 177 Day Low: 174.5
All Zoo Digital needs are mid-price trades ABOVE 177 to improve accelerat ……..
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View Previous Zoo Digital & Big Picture ***