#Brent #Dax
We’ve become so cynical with the markets, spending the weekend with an occasional glance at the news to discover if a ‘breaking story’ has yet appeared, used as an excuse to force recovery of crude oil prices. Britain hasn’t invaded Ireland, Saudi refineries are still intact, Russia is still Russia, and Xmas is still coming. About the only “surprise” is the cold weather, along with the salient fact a Blocking High in winter brings very cold weather, along with wind power taking a little break when it’s most needed. As for Natwest, their share price remains utterly becalmed and similar to Brent Crude, it’s failing to do anything particularly interesting.
Of course, this week may prove interesting for financial shares with Bank of England widely expected to punt interest rates higher on Thursday, part of their insatiable campaign to battle price inflation by pushing prices upward… Also, everyone who had the misfortune of being deemed an essential worker during the pandemic are also expected to commence strike action, doubtless puzzled why they were sufficiently valued for people to open their doors and applaud on Thursday evenings for a few years. Maybe investors should start applauding bank shares at 8am on Monday mornings, maybe this is the trick we’ve all been missing as nothing else looks capable of making the retail bank sector provide real movement.
Our inclination is to allocate 266.5p as a trigger level against Natwest. Should the share price now exceed such a point, movement toward an initial 284p looks quite possible. Our longer term secondary, if such a level is bettered, now works out at 337p. For the longer term, closure above 284p is liable to be game changing, exceeding the pre-Covid high, along with a bunch of other glass ceiling highs at this level since 2019.
Conversely, if the market discovers an excuse to now trade NWG below 243p, reversal to an initial 228p now looks possible with secondary, if broken, down at a less likely (aside from the visuals) 198p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 4:20:16PM | BRENT | 76.86 | 75.18 | 74.865 | 73.95 | 76.47 | 77.58 | 77.94 | 78.86 | 76.35 |
| 4:21:28PM | GOLD | |||||||||
| 4:43:34PM | GERMANY | 14325 | 14265 | 14234 | 14183 | 14360 | 14387 | 14461 | 14545 | 14307 |
| 4:46:50PM | US500 | |||||||||
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%
6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%
5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%
2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%
1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:IHG Intercontinental Hotels Group** **
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Updated charts published on : Aston Martin, Asos, Astrazeneca, BP PLC, HSBC, International Distribution, Intercontinental Hotels Group,
LSE:AML Aston Martin. Close Mid-Price: 160.45 Percentage Change: + 9.90% Day High: 161.65 Day Low: 139.6
In the event of Aston Martin enjoying further trades beyond 161.65, the s ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 585 Percentage Change: + 1.47% Day High: 593.5 Day Low: 571.5
Continued weakness against ASC taking the price below 571.5 calculates as ……..
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View Previous Asos & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 11354 Percentage Change: + 0.34% Day High: 11396 Day Low: 11266
Continued trades against AZN with a mid-price ABOVE 11396 should improve ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 461.95 Percentage Change: -0.43% Day High: 464.05 Day Low: 455
This is doing very little but now below 455 looks capable of an initial 44 ……..
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View Previous BP PLC & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 496.2 Percentage Change: + 0.18% Day High: 498.35 Day Low: 493.6
Now above 511 should prove useful, giving the potential of an initial 525 ……..
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View Previous HSBC & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 212.6 Percentage Change: + 0.90% Day High: 213.2 Day Low: 209.2
Below 190 risks triggering reversal to 171 with secondary, if broken, at a ……..
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View Previous International Distribution & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4986 Percentage Change: + 4.05% Day High: 4993 Day Low: 4863
Target met. Further movement against Intercontinental Hotels Group ABOVE ……..
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View Previous Intercontinental Hotels Group & Big Picture ***