#Gold #S&P500 It was once said, the Church of England could be best described as the UK Conservative Party at Prayer. Given the historical association of senior Conservatives** with Tullow Plc, perhaps the company could be referred to as why UK Conservatives Wish Wikipedia Didn’t Exist! A share price going from £16 to an eventual 7p remains a truly impressive feat.
Thankfully, there are signs Tullow is on the edge of some slight share price recovery with hints a reboot is in the offing, though probably not as good as the rebirth of the Futurama satirical cartoon on telly.
Presently trading around 33p, the share price wandering above 35p should next trigger some recovery to an initial 45p with our longer term secondary, if exceeded, calculating at 56p. Visually, it would be reasonable to anticipate some hesitation at the 56p level, given its price history over the last few years. We shall be inclined to regard closure above 56p as key from a Big Picture perspective due to sufficient strength existing which implies 85p is a viable target for the distant future.
All things considered, it appears 2013 produced a perfect storm of shambolic news for Tullow, the company digging itself a hole and forgetting the cardinal rule, knowing when to stop digging. While the Wikipedia page produces a set piece of how not to handle PR problems, it certainly appears since 2013 the company has attempted a degree of stability, presumably while everyone works out just what the heck happened. As the chart shows, their share price has lacked anything approaching excitement for the last few years. With the company actually being a full service member of the industry, maybe it shall prove the case the current firm oil price will reflect on Tullows prospects.
For everything to now go horribly wrong, below 25p risks a visit down to an initial 22p with secondary, if broken, at 16p and hopefully a bounce.
**William Hague, George Osborne, Michael Gove, Oliver Letwin, Vince Cable and Prime Minister David Cameron
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:15:12PM | BRENT | 8257.3 | Success | ||||||||
| 10:17:07PM | GOLD | 1954.36 | 1953 | 1951 | 1939 | 1963 | 1968 | 1971 | 1977 | 1957 | |
| 10:19:13PM | FTSE | 7678.8 | |||||||||
| 10:21:16PM | STOX50 | 4384.2 | |||||||||
| 10:23:05PM | GERMANY | 16186.3 | |||||||||
| 10:24:51PM | US500 | 4556.7 | 4530 | 4518 | 4503 | 4549 | 4563 | 4565 | 4576 | 4547 | |
| 10:28:22PM | DOW | 35417.5 | Success | ||||||||
| 10:30:20PM | NASDAQ | 15455 | |||||||||
| 10:32:11PM | JAPAN | 32751 | ‘cess |
24/07/2023 FTSE Closed at 7678 points. Change of 0.2%. Total value traded through LSE was: £ 5,307,369,816 a change of 18.72%
21/07/2023 FTSE Closed at 7663 points. Change of 0.22%. Total value traded through LSE was: £ 4,470,558,321 a change of -16.97%
20/07/2023 FTSE Closed at 7646 points. Change of 0.76%. Total value traded through LSE was: £ 5,384,109,244 a change of -16.08%
19/07/2023 FTSE Closed at 7588 points. Change of 1.81%. Total value traded through LSE was: £ 6,416,071,113 a change of 56.65%
18/07/2023 FTSE Closed at 7453 points. Change of 0.63%. Total value traded through LSE was: £ 4,095,812,024 a change of 3.79%
17/07/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: £ 3,946,111,838 a change of 6.88%
14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65% 
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:AVCT Avacta** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Avacta, Darktrace Plc, ECO (Atlantic) O & G, Ocado Plc, Rolls Royce, Zoo Digital,
LSE:AVCT Avacta Close Mid-Price: 97 Percentage Change: -3.48% Day High: 100.5 Day Low: 96.5
Target met. Continued weakness against AVCT taking the price below 96.5 c ……..
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LSE:DARK Darktrace Plc. Close Mid-Price: 392.8 Percentage Change: + 2.56% Day High: 398.2 Day Low: 384.9
This is worth watching as they’re on the edge of interesting. Above 401 sh ……..
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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 12.75 Percentage Change: -1.92% Day High: 13 Day Low: 12.75
In the event ECO (Atlantic) O & G experiences weakness below 12.75 it cal ……..
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LSE:OCDO Ocado Plc. Close Mid-Price: 785 Percentage Change: + 14.26% Day High: 787.6 Day Low: 736.6
Target met. All Ocado Plc needs are mid-price trades ABOVE 787.6 to impro ……..
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LSE:RR. Rolls Royce. Close Mid-Price: 156.7 Percentage Change: + 0.58% Day High: 156.4 Day Low: 152.25
Rolls Royce are experiencing an extremely obvious glass ceiling, one which ……..
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LSE:ZOO Zoo Digital Close Mid-Price: 60 Percentage Change: -5.51% Day High: 63.5 Day Low: 59
On the edge of messy, below 59 risks promoting reversal down to an initial ……..
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View Previous Zoo Digital & Big Picture ***