#Brent #WallSt The lack of movement with many shares is a brutal reflection on the lethargy being shown by the FTSE this year. The UK index is literally the worst performing market among the ‘majors’, one we’re dreading showing on tomorrow’s chart in comparison to the US & European markets when we produce a “First Six Months” review of the world as we know it. To give a sneak preview, everywhere else has grown except for London, one of these troubling details the media tends skip over. Unless the last couple of days of June produce a miracle, something is going horribly wrong with the UK marketplace.
Among UK shares, we keep finding ourselves struggling to say anything positive about prices, due to the number of shares trapped in the miasma associated with the FTSE. Our worry is, while there’s a number of shares which “should” be heading upward, increasing numbers of signals are starting to imply quite the opposite. While the much vaunted recession failed to materialise
Taylor Wimpey share price is a victim of this years terrible market behaviour, shuffling from a trading position where it looked capable of useful upward travel and instead, has now positioned itself at the top of a down escalator. Fortunately, it doesn’t need try too hard to escape an immediate doom, presently trading around 103p and needing above 117p to suggest some recovery may prove real. Above 117p allows for recovery to an initial 151p with secondary, if exceeded, calculating at a long term 175p. Glancing at the chart below, there’s a virtual certainty of some hesitation at the 175p level, if it ever makes itself known in the future.
However, with the Bank of England and politicians doing everything in their power to damage the housing market, there’s obviously a knock-on potential for the building industry with the result hoping for share price recovery may prove to be a faint hope. Instead, below just 99p threatens to provoke reversal for Taylor Wimpey down to an initial 83p and hopefully, a bounce. But should the 83p level break on any initial surge downward, our secondary works out at 67p and hopefully a proper rebound.
Our suspicion is LSE:TW. shall prove worth keeping an eye on, just in case 67p makes itself known.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:26:58PM | BRENT | 73.77 | 71.85 | 70.08 | 64.68 | 74 | 74.01 | 74.465 | 74.84 | 73.7 | |
| 9:28:49PM | GOLD | 1909.01 | |||||||||
| 9:31:49PM | FTSE | 7501.4 | ‘cess | ||||||||
| 9:34:25PM | STOX50 | 4349.7 | ‘cess | ||||||||
| 9:37:06PM | GERMANY | 15973.6 | Success | ||||||||
| 10:11:43PM | US500 | 4384.7 | ‘cess | ||||||||
| 10:24:12PM | DOW | 33891.5 | 33754 | 33713 | 33624 | 33830 | 33981 | 34070 | 34176 | 33890 | |
| 10:27:04PM | NASDAQ | 14990.1 | Shambles | ||||||||
| 10:31:11PM | JAPAN | 33285 | Success |
28/06/2023 FTSE Closed at 7500 points. Change of 0.52%. Total value traded through LSE was: £ 5,188,003,612 a change of 2.29%
27/06/2023 FTSE Closed at 7461 points. Change of 0.11%. Total value traded through LSE was: £ 5,071,918,393 a change of 6.71%
26/06/2023 FTSE Closed at 7453 points. Change of -0.11%. Total value traded through LSE was: £ 4,753,007,649 a change of 17.78%
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% 
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:BME B & M** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:RBD Reabold Resources PLC** **
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Updated charts published on : AFC Energy, B & M, Carnival, ECO (Atlantic) O & G, Empyrean, Firstgroup, Gulf Keystone,
LSE:AFC AFC Energy Close Mid-Price: 13 Percentage Change: -5.39% Day High: 13.8 Day Low: 12.94
Weakness on AFC Energy below 12.94 will invariably lead to 12.8 with seco ……..
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View Previous AFC Energy & Big Picture ***
LSE:BME B & M. Close Mid-Price: 590.6 Percentage Change: + 1.58% Day High: 592.6 Day Low: 578.4
All B & M needs are mid-price trades ABOVE 592.6 to improve acceleration ……..
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View Previous B & M & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1219 Percentage Change: + 12.82% Day High: 1216 Day Low: 1099.5
Target met. Continued trades against CCL with a mid-price ABOVE 1216 shou ……..
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View Previous Carnival & Big Picture ***
LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 15.4 Percentage Change: -2.53% Day High: 15.75 Day Low: 15.25
Continued weakness against ECO taking the price below 15.25 calculates as ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 0.78 Percentage Change: -2.38% Day High: 0.81 Day Low: 0.8
Weakness on Empyrean below 0.78 will invariably lead to 0.72 with seconda ……..
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View Previous Empyrean & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 143.4 Percentage Change: + 2.14% Day High: 147.7 Day Low: 139.5
Further movement against Firstgroup ABOVE 147.7 should improve accelerati ……..
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View Previous Firstgroup & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 116.2 Percentage Change: + 0.61% Day High: 118.5 Day Low: 114.8
Weakness on Gulf Keystone below 114.8 will invariably lead to 107 and hop ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.12 Percentage Change: -7.55% Day High: 0.13 Day Low: 0.12
Weakness on Reabold Resources PLC below 0.13 will invariably lead to 0.05 ……..
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View Previous Reabold Resources PLC & Big Picture ***