#Brent #Dax It all kicks off this week for the UK’s banking sector with Barclays due to issue a trading statement on Tuesday, Lloyds on Wednesday, and Natwest completing the misery on Friday. Something which is particularly bothersome is the state of the FTSE, along with the visual impression given by each of the banks share prices.
The problem we’re having is the series of “lower lows” currently exhibited, giving a pretty firm impression the market is anticipating the worst for the week(s) ahead. To use the FTSE as a case in point, it closed on Friday down at 7402 points, appearing unhealthily on track to discover a probable bottom level around 7100 points. Should this prove to be the case, it’s unlikely banking sector shares which all seem to be tracking the FTSE pattern, will produce any miracles.
But then again, the banks continue to snuffle at the trough of unrealistically high interest rates, so perhaps this shall provide some positive undeserved results. We use the term “undeserved”, feeling profits made as a result of actions outwith the banks control dare not be trusted as they rely on a scenario where the bank has no input. But then again, the UK retail banks surely deserve some sort of break as they continue to trail behind other countries.
The immediate situation for Lloyds suggests weakness below 41.3 should trigger reversal down to an initial 40.1 and perhaps a bounce. But should 40.1 break, our secondary calculates down at 38.2p, along with a reasonable expectation for a halt to reversals, if historical precedent can be trusted.
Our alternate scenario for some positive movement allows for above Blue – presently 45p – to hopefully trigger share price recovery to an initial 46.6p with our secondary, if bettered, at 50p and some hesitation.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 6:26:07PM | BRENT | 9123.5 | 8908 | 8796 | 8639 | 9096 | 9267 | 9302 | 9451 | 9164 |
| 6:28:14PM | GOLD | 1980.91 | 1972 | |||||||
| 6:30:31PM | FTSE | 7382.3 | 7446 | |||||||
| 6:32:18PM | STOX50 | 4021.3 | 4045 | |||||||
| 6:34:36PM | GERMANY | 14781.9 | 14780 | 14696 | 14522 | 14918 | 14985 | 15071 | 15168 | 14896 |
| 6:36:46PM | US500 | 4219.1 | 4256 | |||||||
| 6:40:33PM | DOW | 33089 | 33210 | |||||||
| 6:42:59PM | NASDAQ | 14546.6 | 14691 | |||||||
| 6:49:45PM | JAPAN | 31010 | 31221 |
20/10/2023 FTSE Closed at 7402 points. Change of -1.29%. Total value traded through LSE was: £ 5,285,642,202 a change of 11.3%
19/10/2023 FTSE Closed at 7499 points. Change of -1.17%. Total value traded through LSE was: £ 4,748,869,334 a change of -10.32%
18/10/2023 FTSE Closed at 7588 points. Change of -1.13%. Total value traded through LSE was: £ 5,295,187,819 a change of -4.89%
17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%
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:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:GRG Greggs** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Aston Martin, Barrett Devs, Cellular Goods, Carnival, Empyrean, Experian, EasyJet, Greggs, Hargreaves Lansdown, British Airways, ITV, Natwest, Ocado Plc, Primary Health, Spirax, Taylor Wimpey,
LSE:AML Aston Martin Close Mid-Price: 219.8 Percentage Change: -3.43% Day High: 224.6 Day Low: 214.6
If Aston Martin experiences continued weakness below 214.6, it will invar ……..
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View Previous Aston Martin & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 392.3 Percentage Change: -0.05% Day High: 393.7 Day Low: 387.6
Target met. In the event Barrett Devs experiences weakness below 387.6 it ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 0.4 Percentage Change: -5.88% Day High: 0.42 Day Low: 0.4
Continued weakness against CBX taking the price below 0.4 calculates as l ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 811.6 Percentage Change: -4.52% Day High: 837.2 Day Low: 812.6
In the event Carnival experiences weakness below 812.6 it calculates with ……..
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View Previous Carnival & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 0.73 Percentage Change: + 1.54% Day High: 0.7 Day Low: 0.6
Target met. If Empyrean experiences continued weakness below 0.6, it will ……..
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View Previous Empyrean & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2642 Percentage Change: + 0.15% Day High: 2658 Day Low: 2603
In the event Experian experiences weakness below 2603 it calculates with ……..
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View Previous Experian & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 359.9 Percentage Change: -1.23% Day High: 365.2 Day Low: 354
In the event EasyJet experiences weakness below 354 it calculates with a ……..
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View Previous EasyJet & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 2282 Percentage Change: -1.13% Day High: 2304 Day Low: 2248
Continued weakness against GRG taking the price below 2248 calculates as ……..
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View Previous Greggs & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 700 Percentage Change: + 1.13% Day High: 700.6 Day Low: 685
Continued weakness against HL. taking the price below 685 calculates as l ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 138 Percentage Change: -2.68% Day High: 140.5 Day Low: 137.5
Target met. In the event British Airways experiences weakness below 137. ……..
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View Previous British Airways & Big Picture ***
LSE:ITV ITV Close Mid-Price: 63.88 Percentage Change: -0.81% Day High: 64.48 Day Low: 63.36
Target met. In the event ITV experiences weakness below 63.36 it calculat ……..
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View Previous ITV & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 218.5 Percentage Change: -1.75% Day High: 221.8 Day Low: 218
Weakness on Natwest below 218 will invariably lead to 216p with secondary ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 486.7 Percentage Change: -3.09% Day High: 509.2 Day Low: 474
Target met. Weakness on Ocado Plc below 474 will invariably lead to 460p ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 86.85 Percentage Change: -0.23% Day High: 89.45 Day Low: 86.05
If Primary Health experiences continued weakness below 86.05, it will inv ……..
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View Previous Primary Health & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 8174 Percentage Change: -2.50% Day High: 8300 Day Low: 8106
Continued weakness against SPX taking the price below 8106 calculates as ……..
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View Previous Spirax & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 104.75 Percentage Change: -0.19% Day High: 104.8 Day Low: 103.2
In the event Taylor Wimpey experiences weakness below 103.2 it calculates ……..
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View Previous Taylor Wimpey & Big Picture ***