#Gold #SP500
When reading an article about gas production, an interesting detail was the UK doesn’t import gas from Russia while mainland Europe requires it for electricity production. Unfortunately, the UK imports around 60% of its electricity from Europe with the result obstruction of Russian gas supply will still effect the UK, along with Europe, this winter.
It’s funny how the darker evenings tend focus the mind in such a direction, especially due to it being almost dark on Monday by 4pm here in Argyll, Scotland. Low cloud along with constant rain saw the streetlights pop into action by 3pm, once again another year when we curse the clocks changing for winter.
Serica Energy Plc, a company with around 20% of their production being oil with the remainder being natural gas, produce around 5% of the UK’s gas needs. Their website also employs a strong font to boast “Serica is debt free with strong cash flows from production”. Doubtless, due to current energy prices, even their janitorial and canteen staff are doubtless swayed in the direction of Porsche rather than Ferrari, thanks to this weeks Top Gear road test conclusion.
The surprise with Serica is their share price, despite industry members announcing record profits due to taking advantage of inflation, has been in decline since September. Hopefully, we’re seeing early signs it may have bottomed, needing above 329p to suggest imminent movement to a modest 339p next. Movement such as this shall be viewed as positive, exceeding the immediate downtrend and allowing a secondary, should 339p be exceeded, at a more generous 383p, along with almost certain hesitation due to a history of stutters around such a level. Only with closure above 383p shall we dare admit we can calculate a distant 475p as producing a long term attraction.
As always with shares, there’s a fly in the ointment and we’ve circled it on the chart. On October 31st, there was a very deliberate intraday movement below the Red uptrend. The day ended with the share price closing above the trend, creating the impression it was all a terrible mistake. We dislike this sort of thing and often regard these trend breaks as early warning for some sort of pending future mess. In this instance, below 288p will make a visit to 250p a viable proposition with secondary, if broken, at 192p and hopefully a bounce.
To be fair, even a break of Red at around 300p currently would give early cause for real concern. But for now, we suspect it intends head to 383p on the current movement cycle.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:43:48PM | BRENT | 97.56 | |||||||||
| 9:46:35PM | GOLD | 1674.67 | 1665 | 1662 | 1656 | 1675 | 1682 | 1685 | 1692 | 1673 | |
| 9:49:06PM | FTSE | 7268.78 | ‘cess | ||||||||
| 9:53:33PM | STOX50 | 3709.8 | |||||||||
| 9:56:01PM | GERMANY | 13535.97 | |||||||||
| 9:58:01PM | US500 | 3805.02 | 3741 | 3716 | 3684 | 3772 | 3809 | 3819 | 3835 | 3798 | ‘cess |
| 10:00:12PM | DOW | 32810 | Success | ||||||||
| 10:02:08PM | NASDAQ | 10980 | |||||||||
| 10:04:48PM | JAPAN | 27617 | ‘cess |
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7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%
3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%
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%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SRP Serco** **LSE:TLW Tullow** **LSE:TSCO Tesco** **
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Updated charts published on : Applied Graphene, Aston Martin, Asos, Barclays, Barrett Devs, Caspian, British Airways, IQE, ITV, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Sainsbury, Scancell, Serco, Tullow, Tesco,
LSE:AGM Applied Graphene Close Mid-Price: 11 Percentage Change: -10.20% Day High: 12.25 Day Low: 11
Target met. Weakness on Applied Graphene below 11 will invariably lead to ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin. Close Mid-Price: 133.9 Percentage Change: + 19.61% Day High: 134.75 Day Low: 110.55
Target met. All Aston Martin needs are mid-price trades ABOVE 134.75 to i ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 647 Percentage Change: + 2.37% Day High: 668.5 Day Low: 613
Further movement against Asos ABOVE 668.5 should improve acceleration tow ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays Close Mid-Price: 152.6 Percentage Change: -0.60% Day High: 155.5 Day Low: 151.84
Continued trades against BARC with a mid-price ABOVE 155.5 should improve ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 385.7 Percentage Change: -0.75% Day High: 393.9 Day Low: 382.8
Target met. All Barrett Devs needs are mid-price trades ABOVE 393.9 to im ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 4.15 Percentage Change: + 15.28% Day High: 4.8 Day Low: 3.45
Continued trades against CASP with a mid-price ABOVE 4.8 should improve t ……..
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View Previous Caspian & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 127.78 Percentage Change: + 2.24% Day High: 128.36 Day Low: 123.5
In the event of British Airways enjoying further trades beyond 128.36, t ……..
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View Previous British Airways & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 45.2 Percentage Change: + 4.39% Day High: 45.5 Day Low: 43.5
Further movement against IQE ABOVE 45.5 should improve acceleration towar ……..
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View Previous IQE & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 71.38 Percentage Change: + 4.05% Day High: 71.72 Day Low: 68.38
Continued trades against ITV with a mid-price ABOVE 71.72 should improve ……..
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View Previous ITV & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1792.4 Percentage Change: + 2.53% Day High: 1800 Day Low: 1726.6
Further movement against Just Eat ABOVE 1800 should improve acceleration ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 115 Percentage Change: + 2.09% Day High: 117.6 Day Low: 111.45
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 955.8 Percentage Change: -1.20% Day High: 977.4 Day Low: 957.2
Continued trades against NG. with a mid-price ABOVE 977.4 should improve ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 674.2 Percentage Change: + 6.34% Day High: 698.6 Day Low: 630.6
Continued trades against OCDO with a mid-price ABOVE 698.6 should improve ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 86.35 Percentage Change: + 1.46% Day High: 86.25 Day Low: 82.95
All Rolls Royce needs are mid-price trades ABOVE 86.25 to improve acceler ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 218 Percentage Change: + 4.46% Day High: 219.3 Day Low: 208.1
Continued trades against SBRY with a mid-price ABOVE 219.3 should improve ……..
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View Previous Sainsbury & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 20 Percentage Change: + 4.58% Day High: 20.35 Day Low: 19.38
In the event of Scancell enjoying further trades beyond 20.35, the share ……..
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View Previous Scancell & Big Picture ***
LSE:SRP Serco Close Mid-Price: 164.4 Percentage Change: -1.20% Day High: 168 Day Low: 159.5
All Serco needs are mid-price trades ABOVE 168 to improve acceleration to ……..
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View Previous Serco & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 48.92 Percentage Change: + 1.16% Day High: 49.48 Day Low: 47.72
Continued trades against TLW with a mid-price ABOVE 49.48 should improve ……..
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View Previous Tullow & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 227.7 Percentage Change: + 2.02% Day High: 228.8 Day Low: 222
In the event of Tesco enjoying further trades beyond 228.8, the share sho ……..
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View Previous Tesco & Big Picture ***