#Brent #Dax This weekend was a bit odd, especially due to a Grand Prix which was quite good! A smile was certainly justified, when one of the Sky race presenters mentioned the weather on the race track was changing as fast as weather in Scotland does. The last weekend in August has traditionally been questionable here in Scotland, deciding whether to head to Edinburgh for the final buzz of the festival or, head to Cowal in Argyll for the final Highland Games of the season. Once upon a time, the Cowal Games literally could compete with Edinburgh for crowds, extra railway services feeding extra ferry services, yet the only things the two events had in common were kilts, a lot of booze, and a big fireworks display at the end.
Alas, complacency by the organisers, along with utter incompetence by the Scottish Government and local council, has seen the Cowal Games diminish dramatically, not even counting as part of the world championships for bagpipe playing. The last few years has seen something else from this event in Argyll. Quite literally, once the last tourists had headed home or into detox, the weather used to change as within days, we’d habitually glance at the top of mountains expecting to see the first dusting of snow. Traditionally, as August ended, a bite would develop in the air but since 2018 or so, this local nastiness from the weather has been absent. Despite the sea freezing outside our office last February, it’d be hard to describe current Argyll winters as anything other than mild.
The poison of complacency remains an intrinsic part of Natwest share price movements. When we reviewed them three weeks ago, we’d an expectation of reversal to 223p followed by a short lived bounce. Our real expectation, if 223p broke, was for a visit down to an eventual 202p. Needless to say, the share visited our target level, broke it slightly, and has been enacting what feels like a fake bounce. Movement now below 221p now calculates with the potential of a visit to 217 with secondary, if (when) broken at a bottom at 204p, a marginal improvement on our previous outlook. Overall, we suspect Natwest intends an eventual rebound just above the 2 quid level.
To get out of trouble Natwest now needs exceed 234p.
In the event the share price attempts a miracle, above 234p should allegedly trigger share price recovery to 250p with our secondary, if exceeded, working out at a useful looking 269p. For now, we fear the worst, not least due to Natwest’s historical love of visiting the £2 mark…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:40:52PM | BRENT | 8387 | 8248 | 8105 | 7876 | 8415 | 8455 | 8489 | 8598 | 8352 |
| 9:43:18PM | GOLD | 1919.52 | 1916 | |||||||
| 9:47:11PM | FTSE | 7392 | 7379 | |||||||
| 9:49:23PM | STOX50 | 4297.6 | 4286 | |||||||
| 9:53:14PM | GERMANY | 15814.4 | 15669 | 15639 | 15577 | 15710 | 15820 | 15836 | 15937 | 15760 |
| 9:55:00PM | US500 | 4434.1 | 4415 | |||||||
| 9:57:33PM | DOW | 34573.5 | 34504 | |||||||
| 10:01:32PM | NASDAQ | 15058 | 14944 | |||||||
| 10:03:39PM | JAPAN | 32320 | 32202 |
25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%
24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%
23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%
22/08/2023 FTSE Closed at 7270 points. Change of 0.18%. Total value traded through LSE was: £ 3,933,596,955 a change of 1.59%
21/08/2023 FTSE Closed at 7257 points. Change of -0.07%. Total value traded through LSE was: £ 3,872,219,406 a change of -12.04%
18/08/2023 FTSE Closed at 7262 points. Change of -0.66%. Total value traded through LSE was: £ 4,402,136,865 a change of 33.13%
17/08/2023 FTSE Closed at 7310 points. Change of -0.63%. Total value traded through LSE was: £ 3,306,539,758 a change of -30.86%
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:CPI Capita** **LSE:EZJ EasyJet** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **
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Updated charts published on : Capita, EasyJet, Greggs, IQE, Spirent Comms, Spirax, Tern Plc, Tesco,
LSE:CPI Capita Close Mid-Price: 17.58 Percentage Change: -2.12% Day High: 18 Day Low: 17.44
If Capita experiences continued weakness below 17.44, it will invariably ……..
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View Previous Capita & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 412.4 Percentage Change: -2.74% Day High: 423.3 Day Low: 409.4
If EasyJet experiences continued weakness below 409.4, it will invariably ……..
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View Previous EasyJet & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2430 Percentage Change: + 1.08% Day High: 2442 Day Low: 2378
Continued weakness against GRG taking the price below 2378 calculates as ……..
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View Previous Greggs & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 17.08 Percentage Change: + 0.47% Day High: 17.46 Day Low: 16.78
In the event IQE experiences weakness below 16.78 it calculates with a dr ……..
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View Previous IQE & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 148.7 Percentage Change: -1.39% Day High: 152.8 Day Low: 147.6
Weakness on Spirent Comms below 147.6 will invariably lead to 145 with se ……..
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View Previous Spirent Comms & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 9714 Percentage Change: -0.29% Day High: 9818 Day Low: 9684
Continued weakness against SPX taking the price below 9684 calculates as ……..
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View Previous Spirax & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 4.5 Percentage Change: + 0.00% Day High: 4.5 Day Low: 4.25
If Tern Plc experiences continued weakness below 4.25, it will invariably ……..
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View Previous Tern Plc & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 260.1 Percentage Change: + 1.92% Day High: 261.8 Day Low: 255.8
All Tesco needs are mid-price trades ABOVE 261.8 to improve acceleration ……..
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View Previous Tesco & Big Picture ***