#Gold #Nikkei
Housing Deutsche Bank and the European Central bank HQ’s, Frankfurt provides an absurd memory of visiting an excellent Christmas market one Sunday. It was supposed to be a quick day trip, my then girlfriend who worked in Munich assuring me it was just a few centimetres on the map, surely a quick drive. Her map was, of course, of all Europe and we lacked a GPS.
Our Saab 900 Turbo dealt with the 400km journey well, covering the couple of map centimetres in around 4 hours. It transpired the Xmas market was truly spectacular. Inevitably perhaps, we bought a cuckoo clock for ourselves and a bunch of unusual gifts for family back in Scotland. Perhaps it was the proximity of the banking centre but our experience in Frankfurt provided excellent shopping, unbelievable food, and several cases of wine, most of which was drunk by the time Xmas came around. Arriving back at The Four Seasons hotel in Munich just after midnight, we were just a few hours away from discovering another of her assumptions about the cost of hotels was expensively wrong. Quite how she’d survived the previous 8 months working in Munich, learning none of the language (due to most Germans demanding to practice their excellent English), remaining a distant stranger to exchange rates, still defeats me. Her corporate employer was picking up the tab for everything – except our stay in one of the best hotels in Germany! When she took my card down to settle the bill while I sorted out our luggage, her complexion would have challenged Dulux definition of “white” when she met up at the car. She’d finally gotten around to some basic arithmetic, realising we’d spent £180 on a single bottle of (excellent) wine with dinner on Friday night. By the time we reached our next port of call, Heidelberg, she was suggesting we spent the rest of the holiday week sleeping in the car.
Similar to Deutsche Bank share price at 120 €, that expensive week is a distant memory, but the pleasant impact of the Frankfurt’s Xmas market remains. And the cuckoo clock still works…
The point behind this reminiscence is shown with the Blue line on the chart below. At the start of November Deutsche Bank (DBK) share price moved through the downtrend from 2007. Generally with banking shares, we feel they need move through a magic wishing well, filled with lucky charms, blessed by the Xmas fairy, before anything useful happens. But in this instance, the movement appears to deserve an little inset on the chart as there’s little doubt the share price is reacting to the trend.
Should this prove to be the case, above just 10.50€ calculates with the potential of a lift to an initial 11.2 Euro with our secondary, if bettered, at a viable looking 12.4 Euro.
This secondary is of particular interest as share price closure above 12.4€ takes the share into a region where a longer term 21.9 Euro becomes a sane long term ambition.
We think DBK may prove worth watching as we know German prices can offer quite a surprise.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:33:12PM | BRENT | 80.58 | Success | ||||||||
| 9:35:15PM | GOLD | 1810.82 | 1804 | 1795 | 1785 | 1815 | 1825 | 1829 | 1836 | 1811 | ditto |
| 9:37:52PM | FTSE | 7492.63 | ditto | ||||||||
| 9:40:28PM | STOX50 | 3979.4 | ditto | ||||||||
| 9:42:38PM | GERMANY | 14465.54 | ditto | ||||||||
| 10:04:19PM | US500 | 4019 | ditto | ||||||||
| 10:07:22PM | DOW | 34117.2 | ditto | ||||||||
| 10:10:29PM | NASDAQ | 11833 | ditto | ||||||||
| 10:12:14PM | JAPAN | 28043 | 27908 | 27872 | 27723 | 28038 | 28150 | 28210 | 28292 | 28020 | ditto |
13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%
12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%
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%
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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:CBX Cellular Goods** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:NWG Natwest** **
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Updated charts published on : Asos, BALFOUR BEATTY, Cellular Goods, Igas Energy, Intercontinental Hotels Group, Natwest,
LSE:ASC Asos. Close Mid-Price: 568 Percentage Change: + 4.80% Day High: 600 Day Low: 524.5
Now below 524 calculates with the potential of reversal to 444 with second ……..
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LSE:BBY BALFOUR BEATTY Close Mid-Price: 340.6 Percentage Change: -1.22% Day High: 350.4 Day Low: 340.8
Target Met. Above 351 suggests movement to 357 next with secondary, if bet ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 1.23 Percentage Change: -3.92% Day High: 1.27 Day Low: 1.23
If Cellular Goods experiences continued weakness below 1.23, it will inva ……..
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View Previous Cellular Goods & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 15.9 Percentage Change: -2.45% Day High: 16.3 Day Low: 15.7
Continued weakness against IGAS taking the price below 15.7 calculates as ……..
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View Previous Igas Energy & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4986 Percentage Change: + 0.50% Day High: 5030 Day Low: 4942
Continued trades against IHG with a mid-price ABOVE 5030 should improve t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 263.5 Percentage Change: + 1.23% Day High: 266.3 Day Low: 260
Target met. Further movement against Natwest ABOVE 266.3 should improve a ……..
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View Previous Natwest & Big Picture ***