#Brent #Dax Speculating on what’s coming with Natwest turns out to be easier than guessing a 10 year olds effort in Charades. Her attempt to act the song title; “Fairytale of New York” proved ridiculous but great fun. When we reviewed Natwest 3 weeks ago, we speculated on an argument it would head to 238p, achieved a week later when it hit 237.2p, a reduction from the 286p the share was trading at when we compiled our report.
The fact it broke our drop target by 0.8p doesn’t appear to be critical, more a reflection on calibration rather than a solid signal the world is facing another international banking crisis. Certainly, there are more attempts being made to soft-focus problems with banks than incorrect answers to our grand-childs terrible clues for her charade task.
We’ve a sneaking suspicion the current “banking crisis” shall prove short lived, partially due to the very exact nature of reversals as they’ve lacked the usual chaos we’ve come to accept, when drops are genuine. The converse is also true, something being acted out with the current price of Brent Crude. It was neatly on track to head down, potentially to the mid-$50 levels, but news over the weekend producers announced a daily production reduction created something which feels like a temporary rise of around $10, delaying but not removing the chanced of a crash in oil prices. Our argument remains, Brent needs above $88 to get out of trouble.
From a near term perspective, Natwest requires to exceed 272p to regain Blue on the chart, anticipating a visit to an initial 307p with secondary, if exceeded, a more useful 334p. This secondary if liable to prove quite a big deal, hopefully dumping the share price into a zone with 398p now exerting a future attraction.
If Natwest intends sow the seeds of destruction, below 260p calculates with the potential of a visit to an initial 256p with secondary, if broken, once again working out with the possibility of another visit to 237p. At this price level, there’s a very real danger of the share price stumbling below the Red uptrend, giving reason to justify a visit to the 203p level.
For now, we suspect it intends head upward.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:54:14AM | BRENT | 79.9 | 77.1 | 76.03 | 74.74 | 78.43 | 80 | 80.7 | 84.26 | 77.86 |
| 10:56:05AM | GOLD | 1969.72 | 1972 | |||||||
| 11:02:27AM | FTSE | 7649.31 | 7624 | |||||||
| 11:04:36AM | STOX50 | 4325.6 | 4298 | |||||||
| 11:06:58AM | GERMANY | 15654.84 | 15492 | 15418 | 15335 | 15580 | 15667 | 15695 | 16078 | 15633 |
| 11:10:58AM | US500 | 4108.02 | 4092 | |||||||
| 11:13:38AM | DOW | 33261.8 | 33116 | |||||||
| 11:18:26AM | NASDAQ | 13178.82 | 13088 | |||||||
| 11:21:10AM | JAPAN | 28226 | 28031 |
31/03/2023 FTSE Closed at 7631 points. Change of 0.14%. Total value traded through LSE was: £ 6,002,582,813 a change of 23.52%
30/03/2023 FTSE Closed at 7620 points. Change of 0.74%. Total value traded through LSE was: £ 4,859,647,247 a change of 17.38%
29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%
28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%
27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%
24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%
23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%
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:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PMG Parkmead** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **
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Updated charts published on : Gulf Keystone, British Airways, Marks and Spencer, National Glib, Parkmead, Sainsbury, Tesco,
LSE:GKP Gulf Keystone. Close Mid-Price: 145.8 Percentage Change: + 0.28% Day High: 147 Day Low: 139.8
If Gulf Keystone experiences continued weakness below 139.8, it will inva ……..
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LSE:IAG British Airways. Close Mid-Price: 150.98 Percentage Change: + 1.60% Day High: 152.98 Day Low: 150.58
All British Airways needs are mid-price trades ABOVE 152.98 to improve a ……..
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LSE:MKS Marks and Spencer. Close Mid-Price: 167 Percentage Change: + 0.60% Day High: 168.45 Day Low: 162.3
Further movement against Marks and Spencer ABOVE 168.45 should improve ac ……..
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LSE:NG. National Glib. Close Mid-Price: 1096.5 Percentage Change: + 1.06% Day High: 1100 Day Low: 1077.5
Target met. Continued trades against NG. with a mid-price ABOVE 1100 shou ……..
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LSE:PMG Parkmead Close Mid-Price: 35 Percentage Change: -8.38% Day High: 38 Day Low: 33.9
Continued weakness against PMG taking the price below 33.9 calculates as ……..
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LSE:SBRY Sainsbury. Close Mid-Price: 278.7 Percentage Change: + 1.09% Day High: 280.3 Day Low: 275.5
Target met. Further movement against Sainsbury ABOVE 280.3 should improve ……..
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LSE:TSCO Tesco. Close Mid-Price: 265.7 Percentage Change: + 0.30% Day High: 267.7 Day Low: 264.5
In the event of Tesco enjoying further trades beyond 267.7, the share sho ……..
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View Previous Tesco & Big Picture ***