#Brent #DAX The list of things to moan about is extensive. Additions this weekend include the Covid-19 vaccine and the incredibly boring Spanish Grand Prix. Receiving the vaccine from on Friday afternoon was daft, ensuring any side effects would last the weekend. Suffice to say, there were side effects which effectively turned Saturday into a non-day. It was strange, waking up at the usual 7am, ready to carefully plan which jobs could be avoided by watching Formula1 qualifying.
Unfortunately, 30 minutes later, the first side effects of the Covid-19 jag (Pfizer, yet again) made themselves known as every single bone decided it wanted to broadcast pain signals. And just to make it interesting, suddenly the temperature felt like it had dropped, shaking violently with extreme discomfort and, to be honest, panic. Four hours later, painful bones had walked out, replaced with horrible muscle pains in the legs and arms and in another hour or so, the freezing temperature sensation decided to vanish, leaving a blinding headache instead.
Sleep, thank goodness, was waiting in the wings and while knowing it was “just” the side effects of the vaccine, experiencing the reality made it easy to opt to miss watching live qualifying, sleeping on and off until 9pm on Saturday night. Apparently, for fans of the weather, it had been a good day.
Waking on Sunday morning at 7am, expecting a “rinse & repeat” session, like competent government, all side effects had vanished and the remaining few hours of the weekend were spent catching up with everything not done on Saturday. By good grace, the motor race was to prove easy to avoid thanks to processional racing which allowed plenty of time to attach something dangerous to a grass strimmer, a spinning tool with 6 thick knife blades, a probably highly illegal (bought it on eBay) device which makes hedges and bushes wish they’d never been born. Regardless of the number of wasps or bees inhabiting a hedge, by being a safe(ish) 4 feet away, there are usually few dramatics. This time around, shutting the engine down every 10 minutes to go check on the motor race revealed the top 10 was essentially unchanged, there being no point in rewinding to catch some action.
However, it appears Natwest share price remains more boring than a Formula1 race, even one seasoned with Pfizer side effects. When we previously reviewed the share, we promised great things if it would only close a session above 270p.
It did!
The initial euphoria lasting just a single session until the market decided it had a better idea, once again plunging the share price below the Green downtrend since 2015, causing us to write this trend line off as a bad show. This creates a situation where we’re supposed to promise movement next above 276p should target an initial 295p with secondary, if exceeded, at 305 and some very, very, probable hesitation is any rise.
For this to start going properly wrong for Natwest, their share price now needs below 251 for concern, allowing reversal to trigger to an initial 243p with our secondary, if the initial breaks, calculating down at 238p and hopefully a proper bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:45:58PM | BRENT | 76.31 | 74.2 | 73.5 | 72.51 | 75.24 | 76.47 | 76.68 | 78.46 | 75.11 | ‘cess |
| 10:48:47PM | GOLD | 1948.38 | 1973 | ||||||||
| 10:52:11PM | FTSE | 7621.89 | 7582 | Success | |||||||
| 10:53:57PM | STOX50 | 4328.7 | 4294 | ‘cess | |||||||
| 10:56:08PM | GERMANY | 16054.28 | 15883 | 15840 | 15762 | 15978 | 16076 | 16088 | 16243 | 16011 | ‘cess |
| 10:58:16PM | US500 | 4281.02 | 4240 | Success | |||||||
| 11:01:17PM | DOW | 33764.2 | 33522 | Success | |||||||
| 11:03:23PM | NASDAQ | 14533.75 | 14517 | Success | |||||||
| 11:06:01PM | JAPAN | 31905 | 31827 | Success |
2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%
1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%
31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%
30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%
26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%
25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%
24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%
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:CCL Carnival** **LSE:IPF International Personal Finance** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **
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Updated charts published on : AFC Energy, Carnival, International Personal Finance, Music Magpie, National Glib, Scottish Mortgage Investment Trust, Vodafone, Zoo Digital,
LSE:AFC AFC Energy Close Mid-Price: 15.08 Percentage Change: -1.18% Day High: 15.74 Day Low: 15
Weakness on AFC Energy below 15 will invariably lead to 14 with secondary ……..
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View Previous AFC Energy & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 859.2 Percentage Change: + 5.60% Day High: 860 Day Low: 827
All Carnival needs are mid-price trades ABOVE 860 to improve acceleration ……..
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View Previous Carnival & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 115 Percentage Change: + 2.68% Day High: 116.5 Day Low: 112
Continued trades against IPF with a mid-price ABOVE 116.5 should improve ……..
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View Previous International Personal Finance & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 16.5 Percentage Change: -4.35% Day High: 17.25 Day Low: 16.5
Continued weakness against MMAG taking the price below 16.5 calculates as ……..
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View Previous Music Magpie & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1055 Percentage Change: -0.05% Day High: 1060 Day Low: 1041.5
Weakness on National Glib below 1041.5 will invariably lead to 1038 with ……..
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View Previous National Glib & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 697.6 Percentage Change: + 3.69% Day High: 699 Day Low: 678
All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 6 ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 75.63 Percentage Change: -0.66% Day High: 77.54 Day Low: 74.15
Continued weakness against VOD taking the price below 74.15 calculates as ……..
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View Previous Vodafone & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 122 Percentage Change: -0.81% Day High: 123 Day Low: 121
If Zoo Digital experiences continued weakness below 121, it will invariab ……..
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View Previous Zoo Digital & Big Picture ***