#Brent #SP500 Given our cottage dates back to 1832, it should come as no surprise we’ve a traditional boiler room, the final resting place of items which fall into the “that’ll be useful one day” category. Over the years, the actual boiler has gotten smaller and smaller with the current super economical oil boiler being smaller than a bedside table. Unfortunately, a side effect of this boiler shrinkage has been to allow more room to store junk, unfinished cans of paint, old motorcycle crash helmets, even bath towels which were deemed unfashionable. And of course, there’s the time my wife discovered big vacuum clothing bags which shrink down to satisfy any naive belief waistlines shall someday retreat to those of 30+ years ago.
As we’d been considering an air-pump heating system*** which would ensue the oil fired boiler being removed, my wife decided it was time to give the boiler room a complete clear out as she was obviously salivating at the prospect of even more room to indulge her secret habit of hoarding. After an hour or so, she yelled for attention. Her colourful crash helmet, sitting unused on a shelf for 10 years, was thrust toward me, the interior torn and the padding shredded. It appeared a mouse had discovered the ideal materials to build a nest, my wife utterly furious. Disregarding the fact a motorcycle helmet shouldn’t be used beyond 5 years, I’d never quite appreciated how proud she’d been of it. Once she bought a “proper” motorcycle, I was to learn choosing a helmet with a woman was every bit as painful as going shoe shopping. Once comfort had been established, the look and paintwork of a helmet was crucial. My own choice had always been a simple white helmet as the only thing which mattered, after safety and features, was the level of comfort!
It appeared a mouse had just murdered her memories of lapping Donnington Park, Nurburgring, Knockhill, the time we toured Europe, every annual ‘race’ around Scotlands coast, or the voluntary advanced training we gave other motorcyclists on Wednesday evenings. After a mouse free period of many years, it was clearly time to once again enrich Rentokil by ordering their range of deadly solutions for a mouse problem. With exquisite timing, we’d noticed just a few days ago, Rentokil had increased their dividend this year.
When we reviewed Rentokil last October, we’d given a target ambition at 658p, something achieved in June this year but critically, the share price has not yet managed to actually close a session above 658p. We regard this as an important trigger level for the future with closure above this point or, intraday trades above the recent high at 664p being capable of travel up to an initial trading 693p with secondary, if exceeded, at an impressive future 727p and another new all time high. Importantly, despite the share exceeding our 658 target on several occasions, the chart shows the share as stalling at current levels while it matches the highs from 2021 and only when solid confirmation of this glass ceiling being exceeded shall we feel comfortable believing a visit to 727p has become viable.
If things intend go a little bit wrong for Rentokil, below 584p looks problematic, potentially triggering reversal to 553 initially with secondary, if broken, down at 516p and hopefully yet another bounce.
*** Now we’ve read about air-pump heating, all plans were cancelled, the concept impractical due to winter temperatures here in Argyll. Instead, I’m to rebuild my hydro-electric system but this time, make a greater allowance for excessive water flow!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:54:54PM | BRENT | 8569 | 8490 | 8455 | 8389 | 8550 | 8603 | 8617 | 8663 | 8563 | |
| 9:57:21PM | GOLD | 1936.03 | |||||||||
| 9:59:18PM | FTSE | 7568.2 | |||||||||
| 10:01:21PM | STOX50 | 4350.6 | |||||||||
| 10:19:43PM | GERMANY | 15991 | |||||||||
| 10:21:49PM | US500 | 4520.1 | 4484 | 4471 | 4454 | 4502 | 4522 | 4540 | 4562 | 4505 | |
| 10:24:01PM | DOW | 35477.5 | |||||||||
| 10:26:05PM | NASDAQ | 15409.9 | |||||||||
| 10:28:26PM | JAPAN | 32424 | Success |
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%
28/07/2023 FTSE Closed at 7694 points. Change of 0.03%. Total value traded through LSE was: £ 9,496,592,538 a change of 26.18%
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:CASP Caspian** **LSE:CPI Capita** **LSE:GENL Genel** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:RR. Rolls Royce** **
********
Updated charts published on : Caspian, Capita, Genel, International Personal Finance, National Glib, Rolls Royce,
LSE:CASP Caspian Close Mid-Price: 2.9 Percentage Change: -4.92% Day High: 3.05 Day Low: 2.85
Weakness on Caspian below 2.85 will invariably lead to 2.2 with secondary ……..
</p
View Previous Caspian & Big Picture ***
LSE:CPI Capita Close Mid-Price: 20.34 Percentage Change: -7.29% Day High: 22.9 Day Low: 20.22
Continued weakness against CPI taking the price below 20.22 calculates as ……..
</p
View Previous Capita & Big Picture ***
LSE:GENL Genel Close Mid-Price: 92 Percentage Change: -1.81% Day High: 94 Day Low: 91.5
Continued weakness against GENL taking the price below 91.5 calculates as ……..
</p
View Previous Genel & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 126 Percentage Change: + 0.40% Day High: 127.5 Day Low: 123
In the event of International Personal Finance enjoying further trades be ……..
</p
View Previous International Personal Finance & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 965.4 Percentage Change: -1.45% Day High: 978.8 Day Low: 963
Continued weakness against NG. taking the price below 963 calculates as l ……..
</p
View Previous National Glib & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 209.5 Percentage Change: + 1.45% Day High: 211.2 Day Low: 205.2
Target met. Continued trades against RR. with a mid-price ABOVE 211.2 sho ……..
</p
View Previous Rolls Royce & Big Picture ***