#Brent #Stoxx50 Buying my wife a frying pan for her birthday backfired, just a bit. My weapon of choice was something called a sauté pan, essentially a halfway house between a frying pan and a wok, because the woks handle was dangerously loose. Unfortunately, unknown to me, she’d always wanted a sauté pan and hated using our dodgy wok for this purpose! So I’m now vaguely irritated at having got my wife something she secretly wanted, was intending to buy, and is delighted with! Other presents, perfume was abandoned on her dressing table, a summer “top” hung in the wardrobe.
If only Natwest could pull a similar stunt to delight its investors…
Three weeks ago when reviewing Natwest, we’d proposed 238p as holding potentials for a bounce. Unfortunately, the market, always keen to display a quirky sense of humour, opted to gap this share price down to 237p at the open on the 21st June, the price manipulation from 245p to 237p making an immediate rebound virtually impossible. Instead, movements over the last few days imply further danger may be ahead for this retail bank. Weakness next below 226p calculated with the potential of reversal to an initial 215p with our secondary, if this level breaks, working out at 200p.
There is a strong implication, if 200p makes an appearance, of the potential for a bounce. But to echo the term ‘Mind the Gap’, beloved by victims on the underground, if a share price is being gapped down below target levels, expecting any type of trampoline moment is liable to end in disappointment. However, even the visuals lend quite a firm belief a bounce should occur, if the 200p makes an appearance for Natwest.
In the event Natwest manages to pull a frying pan out of a hat, above 240p should prove capable of supplying some hope for the future as recovery to an initial 256p works out as possible. Our secondary, if such a level is exceeded, calculates at 271p and the threat of some hesitation. Closure above 271p will be required to convince us recovery of real strength should be possible but for the present, it looks like a glass ceiling awaits at the 271p level.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 6:27:33PM | BRENT | 74.37 | 73.92 | 73.71 | 73.45 | 74.4 | 74.51 | 75.38 | 76.41 | 73.97 |
| 6:30:52PM | GOLD | 1920.69 | 1924 | |||||||
| 6:33:13PM | FTSE | 7451.3 | 7458 | |||||||
| 6:35:31PM | STOX50 | 4267.3 | 4250 | 4240 | 4217 | 4282 | 4294 | 4307 | 4326 | 4264 |
| 6:37:14PM | GERMANY | 15826.9 | 15815 | |||||||
| 6:39:43PM | US500 | 4347.2 | 4356 | |||||||
| 6:41:39PM | DOW | 33715 | 33874 | |||||||
| 6:43:36PM | NASDAQ | 14887.5 | 14936 | |||||||
| 8:30:41PM | JAPAN | 32647 | 32662 |
23/06/2023 FTSE Closed at 7461 points. Change of -0.55%. Total value traded through LSE was: £ 4,035,557,775 a change of -15.52%
22/06/2023 FTSE Closed at 7502 points. Change of -0.75%. Total value traded through LSE was: £ 4,777,191,347 a change of 6.91%
21/06/2023 FTSE Closed at 7559 points. Change of -0.13%. Total value traded through LSE was: £ 4,468,515,731 a change of -18.02%
20/06/2023 FTSE Closed at 7569 points. Change of -0.25%. Total value traded through LSE was: £ 5,450,485,635 a change of 18.02%
19/06/2023 FTSE Closed at 7588 points. Change of -0.71%. Total value traded through LSE was: £ 4,618,439,635 a change of -67.02%
16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35% 
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:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:ECO ECO (Atlantic) O & G** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:QED Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:SCLP Scancell** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : AFC Energy, Aviva, BALFOUR BEATTY, Barrett Devs, B & M, British Telecom, Carclo, ECO (Atlantic) O & G, Greggs, IQE, ITV, Lloyds Grp., Natwest, Primary Health, Quadrise, Reabold Resources PLC, Scancell, Taylor Wimpey,
LSE:AFC AFC Energy Close Mid-Price: 14.26 Percentage Change: -4.04% Day High: 14.8 Day Low: 14.2
Target met. Continued weakness against AFC taking the price below 14.2 ca ……..
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View Previous AFC Energy & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 386.2 Percentage Change: + 0.10% Day High: 387.3 Day Low: 380.8
Target met. Continued weakness against AV. taking the price below 380.8 c ……..
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View Previous Aviva & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 340 Percentage Change: -1.96% Day High: 347 Day Low: 339
In the event BALFOUR BEATTY experiences weakness below 339 it calculates ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 407.4 Percentage Change: -2.61% Day High: 412.6 Day Low: 404.6
If Barrett Devs experiences continued weakness below 404.6, it will invar ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BME B & M Close Mid-Price: 570 Percentage Change: -0.97% Day High: 579.6 Day Low: 565.8
In the event of B & M enjoying further trades beyond 579.6, the share sho ……..
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View Previous B & M & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 127.5 Percentage Change: -1.32% Day High: 129.2 Day Low: 126.75
Continued weakness against BT.A taking the price below 126.75 calculates ……..
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View Previous British Telecom & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 14.22 Percentage Change: + 5.57% Day High: 0 Day Low: 0
Further movement against Carclo ABOVE 14.22 should improve acceleration t ……..
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View Previous Carclo & Big Picture ***
LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 16 Percentage Change: -3.03% Day High: 16.5 Day Low: 16
Weakness on ECO (Atlantic) O & G below 16p will invariably lead to 9.6p w ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2516 Percentage Change: + 0.24% Day High: 2518 Day Low: 2496
Weakness on Greggs below 2496 will invariably lead to 2462 with secondary ……..
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View Previous Greggs & Big Picture ***
LSE:IQE IQE Close Mid-Price: 18.6 Percentage Change: -1.06% Day High: 19.38 Day Low: 18.28
Continued weakness against IQE taking the price below 18.28 calculates as ……..
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View Previous IQE & Big Picture ***
LSE:ITV ITV Close Mid-Price: 66.7 Percentage Change: -0.30% Day High: 67.32 Day Low: 66.54
If ITV experiences continued weakness below 66.54, it will invariably lea ……..
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View Previous ITV & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 42.32 Percentage Change: -1.37% Day High: 42.73 Day Low: 42.19
In the event Lloyds Grp. experiences weakness below 42.19 it calculates w ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 229.2 Percentage Change: -0.99% Day High: 230.8 Day Low: 226.1
Weakness on Natwest below 226.1 will invariably lead to 224 with secondar ……..
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View Previous Natwest & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 91.45 Percentage Change: -4.64% Day High: 95.9 Day Low: 91.4
Target met. Weakness on Primary Health below 91.4 will invariably lead to ……..
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View Previous Primary Health & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 2.15 Percentage Change: + 16.42% Day High: 2.1 Day Low: 1.9
Target met. Further movement against Quadrise ABOVE 2.1 should improve ac ……..
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View Previous Quadrise & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.13 Percentage Change: -1.85% Day High: 0.14 Day Low: 0.13
Target met. Weakness on Reabold Resources PLC below 0.13 will invariably ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 13.4 Percentage Change: -2.55% Day High: 13.75 Day Low: 13.25
Continued weakness against SCLP taking the price below 13.25 calculates a ……..
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View Previous Scancell & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 100.7 Percentage Change: -1.95% Day High: 101.4 Day Low: 99.56
Continued weakness against TW. taking the price below 99.56 calculates as ……..
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View Previous Taylor Wimpey & Big Picture ***