#Gold #Japan_Futures With the price of Crude oil experiencing sharp falls, it’s been puzzling watching organisations such as Bloomberg and Reuters trying to invent reasons for the sharp reversal. Reuters excelled themselves, blaming a strong dollar and profit taking, whereas Bloomberg laid the blame firmly at the feet of future interest rate increase fears. Quite why neither organisation chose to report on hard facts was a puzzle. Internationally, high prices has been causing a lack in demand with US gasoline demand reported to be at the lowest level since 2001. It’s a fairly big rule in the market place, price a product at too high a level and people stop buying it. In the USA, crude oil stock levels remain high with gasoline levels up by 6.5 million barrels over their seasonal norm.
This nonsense has a fair bit to do with Tesco who proudly announced they are cutting prices on 2,500 products by an average of 12%. Cutting to the chase, it’s safe to suggest the company have noticed changes in buying habits and now, are in a panic cycle to try and maintain sales levels. Hopefully the company also respond to changes in prices of oil with reductions in their forecourts, an area where Tesco has been notoriously greedy.
Tesco share price has been trapped under an obvious downtrend for quite some time and now, needs very little work to suggest some “proper” movement upwards. At present, if this Blue downtrend since 2007 is indeed valid, it appears above just 284p should promote – from a Big Picture Perspective – the concept of share price recovery to an initial 312p with secondary, if bettered, a longer term 362p. Visually, it looks probable any future visit to 362p shall experience some price hesitation, due to the share experiencing some difficulty with this price level back in 2013. There’s always going to be a bunch of folk delighted to Bail At Break Even and reclaim their funds, doubtless forever distrusting supermarket shares.
If things intend go wrong with the share price, below 254p risks being the first indicator capable of triggering reversal to 227 with secondary, if broken, at 208p and hopefully a bounce.
Finally, remaining on the subject of Tesco, a recent personal calamity finally answered a question about something Americans eat, the fabled Peanut Butter and Jelly (jam) sandwich. Simply due to a complete lack of attentions, a layer of strawberry jam was spread over toast, already covered with peanut butter. How bad could it be?
From personal taste, the answer was “very bad indeed”. Not even the dog would eat it and she’s usually fanatical about all three of the contents, just not all at the same time!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:12:49PM | BRENT | 8572.7 | Success | ||||||||
| 9:16:10PM | GOLD | 1821.68 | 1815 | 1813 | 1723 | 1828 | 1856 | 1866 | 1883 | 1839 | |
| 9:20:34PM | FTSE | 7418.8 | Success | ||||||||
| 9:23:00PM | STOX50 | 4110.3 | |||||||||
| 9:28:05PM | GERMANY | 15136 | ‘cess | ||||||||
| 9:31:39PM | US500 | 4257.8 | Success | ||||||||
| 9:33:55PM | DOW | 33087.5 | |||||||||
| 10:08:46PM | NASDAQ | 14757.8 | Success | ||||||||
| 10:11:23PM | JAPAN | 30700 | 30285 | 30258 | 30089 | 30466 | 30824 | 31008 | 31249 | 30556 | ‘cess |
4/10/2023 FTSE Closed at 7412 points. Change of -0.78%. Total value traded through LSE was: £ 5,643,867,508 a change of 31.79%
3/10/2023 FTSE Closed at 7470 points. Change of -0.53%. Total value traded through LSE was: £ 4,282,549,883 a change of -23.79%
2/10/2023 FTSE Closed at 7510 points. Change of -1.29%. Total value traded through LSE was: £ 5,619,099,797 a change of 6.15%
29/09/2023 FTSE Closed at 7608 points. Change of 0.09%. Total value traded through LSE was: £ 5,293,726,748 a change of 0.59%
28/09/2023 FTSE Closed at 7601 points. Change of 0.11%. Total value traded through LSE was: £ 5,262,711,869 a change of -1.95%
27/09/2023 FTSE Closed at 7593 points. Change of -0.42%. Total value traded through LSE was: £ 5,367,119,674 a change of 0.5%
26/09/2023 FTSE Closed at 7625 points. Change of 0.01%. Total value traded through LSE was: £ 5,340,510,819 a change of -24.76%
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:AML Aston Martin** **LSE:CEY Centamin** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:GRG Greggs** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:OXIG Oxford Instruments** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **
********
Updated charts published on : Aston Martin, Centamin, Empyrean, Foxtons, Greggs, IG Group, ITV, Just Eat, Oxford Instruments, Spirent Comms, Spirax,
LSE:AML Aston Martin Close Mid-Price: 264.4 Percentage Change: -2.87% Day High: 278.2 Day Low: 253
Weakness on Aston Martin below 253 will invariably lead to 238p with seco ……..
</p
View Previous Aston Martin & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 79.7 Percentage Change: -2.03% Day High: 81 Day Low: 78.9
In the event Centamin experiences weakness below 78.9 it calculates with ……..
</p
View Previous Centamin & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 0.79 Percentage Change: -4.02% Day High: 0.75 Day Low: 0.75
Target met. Continued weakness against EME taking the price below 0.75 ca ……..
</p
View Previous Empyrean & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 35.5 Percentage Change: -1.53% Day High: 36.05 Day Low: 35.5
In the event Foxtons experiences weakness below 35.5 it calculates with a ……..
</p
View Previous Foxtons & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 2310 Percentage Change: -2.78% Day High: 2390 Day Low: 2280
Weakness on Greggs below 2280 will invariably lead to 2309p with secondar ……..
</p
View Previous Greggs & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 625 Percentage Change: + 1.21% Day High: 628 Day Low: 614
Continued weakness against IGG taking the price below 614 calculates as l ……..
</p
View Previous IG Group & Big Picture ***
LSE:ITV ITV Close Mid-Price: 66.36 Percentage Change: -1.34% Day High: 67.52 Day Low: 65.2
In the event ITV experiences weakness below 65.2 it calculates with a dro ……..
</p
View Previous ITV & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 967.5 Percentage Change: + 2.27% Day High: 972 Day Low: 917.5
If Just Eat experiences continued weakness below 917.5, it will invariabl ……..
</p
View Previous Just Eat & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2055 Percentage Change: -0.72% Day High: 2085 Day Low: 2030
Continued weakness against OXIG taking the price below 2030 calculates as ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 90.1 Percentage Change: -31.27% Day High: 94.95 Day Low: 79.75
Target met. Continued weakness against SPT taking the price below 79.75 c ……..
</p
View Previous Spirent Comms & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 9254 Percentage Change: -0.32% Day High: 9346 Day Low: 9132
Target met. Weakness on Spirax below 9132 will invariably lead to 9114p w ……..
</p
View Previous Spirax & Big Picture ***