#Brent #Dax Every time we cover Natwest, it appears Formula1 decides to produce an interesting Grand Prix. Sunday proved such an occasion, Brit Louis Hamilton trying an unusual ploy of reducing his car weight by ditching one of his wheels on the opening lap. It’s always amusing, when two team-mates hit each other but this incident was far from clear cut. The team obviously knew Hamilton was on a short shelf life “fast” tyre and intended move into the lead as soon as possible. Yet his team mate (on a slower tyre) opted to play at racing, making it impossible for Hamilton to complete the pass without a collision. It created a situation where Hamilton could only take the blame, while doubtless pondering why his colleague opted to forget their strategy briefing before the race. However, even with a lack of rainfall to spice things up, the actual race proved entertaining and once again ensured a nap wasn’t taken while it progressed.
Lack of rainfall isn’t an issue here in the mountains of Argyll. Apparently, our usual annual quota of rain for October fell in just 24 hours, creating a situation where folk were being airlifted by helicopter to safety due to their cars becoming trapped by landslides both in front and behind them. It’s still raining but on the bright side, the local predominance of SUV’s is finally justified as many road surfaces were washed away. We’ve now a shortage of traffic cones, something unbelievable from a local council.
Formula1 thoughts and local misery aside, some things in life are never as clear cut as we’d like and Natwest share remains firmly in such a category.
Natwest Group continues to exhibit a fascination with the downtrend since 2007, enacting yet another fake “break” upward, one which has once again fizzled out. The immediate situation suggests any weakness next below 220p shall doubtless hit 214p and maybe, just maybe, bounce. In our world of convoluted rules, should 214p break, it almost must bounce by 204p. The word ‘almost’ is worth paying attention to, due to a freefall effect being given from a third level target down at 109p. This is something we’d categorise as an ultimate bottom, simply because we cannot calculate below such a ridiculous sounding level. With fun and games currently from Metro Bank in London, there’s obviously a risk of the retail banks once again experiencing a bit of a hammering.
Lack of confidence remains a key indicator, when reviewing Natwest and we suspect it now needs above 239p to give any real hope, calculating with a lift potential to an initial 254p with secondary, if bettered, working out at 259p and some probable hesitation. The share certainly has the potential of producing some surprisingly swift recovery but… they are a retail bank.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 7:03:48PM | BRENT | 8383.9 | 8280 | 8239 | 8059 | 8439 | 8550 | 8643 | 8761 | 8362 |
| 7:05:51PM | GOLD | 1832.39 | ||||||||
| 7:10:12PM | FTSE | 7517.8 | ||||||||
| 7:22:22PM | STOX50 | 4159.3 | ||||||||
| 7:26:48PM | GERMANY | 15277 | 15033 | 14938 | 14818 | 15158 | 15298 | 15403 | 15554 | 15201 |
| 8:20:49PM | US500 | 4310.7 | ||||||||
| 8:24:23PM | DOW | 33425 | ||||||||
| 8:27:18PM | NASDAQ | 14999.8 | ||||||||
| 8:29:33PM | JAPAN | 31337 |
6/10/2023 FTSE Closed at 7494 points. Change of 0.58%. Total value traded through LSE was: £ 4,848,110,994 a change of 10.75%
5/10/2023 FTSE Closed at 7451 points. Change of 0.53%. Total value traded through LSE was: £ 4,377,671,479 a change of -22.43%
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%
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:AV. Aviva** **LSE:CEY Centamin** **LSE:NG. National Glib** **LSE:TSCO Tesco** **
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Updated charts published on : Aston Martin, Aviva, Centamin, National Glib, Tesco,
LSE:AML Aston Martin. Close Mid-Price: 249.6 Percentage Change: + 2.13% Day High: 252.4 Day Low: 227.4
Target met. In the event Aston Martin experiences weakness below 227, it ……..
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View Previous Aston Martin & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 409 Percentage Change: + 5.33% Day High: 428.3 Day Low: 400
Further movement against Aviva ABOVE 428.3 should improve acceleration to ……..
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View Previous Aviva & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 79.7 Percentage Change: + 0.31% Day High: 81.15 Day Low: 77.7
Target met. Weakness on Centamin below 77.7 will invariably lead to 75p w ……..
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View Previous Centamin & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 935.6 Percentage Change: -1.27% Day High: 951.6 Day Low: 918.6
Continued weakness against NG. taking the price below 918.6 calculates as ……..
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View Previous National Glib & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 278.4 Percentage Change: -0.71% Day High: 282.3 Day Low: 276.1
Continued trades against TSCO with a mid-price ABOVE 282.3 should improve ……..
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View Previous Tesco & Big Picture ***