#Gold_Futures #Stoxx50 This week, we’ve been reviewing a few shares where the prices achieve a logical bottom and should be bounce, yet are failing to do so. This seems to have struck a chord with a few folks invested in oil services company Petrofac finding themselves nominated for a hard look. We previously reviewed them in 2022, giving a series of recovery triggers which have been conspicuously ignored and now, if you look at the chart and turn your head ‘just so’, there’s a possibility the share price is avoiding a downtrend since 2013!
When the price managed to hit 45p earlier this year, the visual impression is of the market almost panicking by gapping the price upward the next day, generally a pretty certain signal of an oops moment, one of these times where the market realises it was skating on very thin ice. From movements in the period since, now below 45p threatens a visit down to 36p and that’s it. We cannot calculate below such a level without prefacing any number with a minus sign. Making matters worse, when we review this from a Big Picture perspective, 45p is highlighted as a logical ultimate bottom.
While the share value has managed to bounce up to just above 80p, it failed to set the market on fire and once again, appears to be messing around while awaiting sufficient excuse for a proper recovery movement.
From a near term perspective, it’s apparently the case where above 58p should trigger recovery to an initial 72p. This is liable to become a pretty significant number, breaking above the 10 year Blue downtrend and allowing us to introduce a future 92p as our secondary ambition. Such a target level is visually almost too attractive as a few gift, permitting the share to exhibit an important “higher high” at a price level where we really must update the future potentials. We can provide a third level ambition at 111p but, to be fair, any initiative which allows this to close at a higher level than achieved during this year shall be crucial, introducing an element which produces the potential of sharp game changing gains and therefore, making us quite nervous.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:06:25PM | BRENT | 8893.6 | Shambles | ||||||||
| 10:16:53PM | GOLD | 1979.14 | 1963 | 1958 | 1949 | 1979 | 1985 | 1990 | 2002 | 1976 | |
| 10:19:52PM | FTSE | 7395.1 | |||||||||
| 10:22:16PM | STOX50 | 4048 | 4040 | 4024 | 4001 | 4065 | 4087 | 4099 | 4134 | 4050 | |
| 10:24:43PM | GERMANY | 14805.7 | |||||||||
| 10:27:30PM | US500 | 4187.6 | Success | ||||||||
| 10:29:47PM | DOW | 33065 | |||||||||
| 10:32:05PM | NASDAQ | 14374 | Success | ||||||||
| 10:34:14PM | JAPAN | 30949 |
25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%
24/10/2023 FTSE Closed at 7389 points. Change of 0.2%. Total value traded through LSE was: £ 4,457,908,651 a change of 13.65%
23/10/2023 FTSE Closed at 7374 points. Change of -0.38%. Total value traded through LSE was: £ 3,922,414,231 a change of -25.79%
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%
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:CAR Carclo** **LSE:CPI Capita** **LSE:EXPN Experian** **LSE:HL. Hargreaves Lansdown** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:QED Quadrise** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **
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Updated charts published on : Aston Martin, Carclo, Capita, Experian, Hargreaves Lansdown, IG Group, IQE, ITV, Lloyds Grp., Natwest, Ocado Plc, Oxford Instruments, Quadrise, Speedyhire, Spirax,
LSE:AML Aston Martin Close Mid-Price: 215.4 Percentage Change: -1.73% Day High: 218.6 Day Low: 208.6
Weakness on Aston Martin below 208.6 will invariably lead to 205 with sec ……..
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View Previous Aston Martin & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 10.5 Percentage Change: -4.98% Day High: 0 Day Low: 0
Continued weakness against CAR taking the price below 0 calculates as lea ……..
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View Previous Carclo & Big Picture ***
LSE:CPI Capita Close Mid-Price: 15.87 Percentage Change: -4.28% Day High: 16.5 Day Low: 15.71
Target met. If Capita experiences continued weakness below 15.71, it will ……..
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View Previous Capita & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2426 Percentage Change: + 0.62% Day High: 2472 Day Low: 2366
Weakness on Experian below 2366 will invariably lead to 2355p with second ……..
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View Previous Experian & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 692.8 Percentage Change: + 0.35% Day High: 697.8 Day Low: 676.4
If Hargreaves Lansdown experiences continued weakness below 676.4, it wil ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 611 Percentage Change: -0.81% Day High: 617.5 Day Low: 608
In the event IG Group experiences weakness below 608 it calculates with a ……..
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View Previous IG Group & Big Picture ***
LSE:IQE IQE Close Mid-Price: 14.44 Percentage Change: -4.50% Day High: 15.4 Day Low: 14.26
Target met. If IQE experiences continued weakness below 14.26, it will in ……..
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View Previous IQE & Big Picture ***
LSE:ITV ITV Close Mid-Price: 62.42 Percentage Change: -2.62% Day High: 64.02 Day Low: 62.18
If ITV experiences continued weakness below 62.18, it will invariably lea ……..
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View Previous ITV & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 41.46 Percentage Change: + 2.18% Day High: 41.56 Day Low: 39.55
Target met. Weakness on Lloyds Grp. below 39.55 will invariably lead to 3 ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 206.6 Percentage Change: -0.58% Day High: 208.9 Day Low: 204.2
If Natwest experiences continued weakness below 204.2, it will invariably ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 460 Percentage Change: -9.38% Day High: 501.2 Day Low: 446
Target met. Continued weakness against OCDO taking the price below 446 ca ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 1778 Percentage Change: -1.33% Day High: 1818 Day Low: 1764
Target met. Weakness on Oxford Instruments below 1764 will invariably lea ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 0.8 Percentage Change: + 6.80% Day High: 0.68 Day Low: 0.68
Quadrise share price requires to recover ABOVE 1.25 to wipe the drop poten ……..
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View Previous Quadrise & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 28.8 Percentage Change: -5.88% Day High: 30.65 Day Low: 29.05
Continued weakness against SDY taking the price below 29.05 calculates as ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 8058 Percentage Change: -0.52% Day High: 8138 Day Low: 7946
Target met. If Spirax experiences continued weakness below 7946, it will ……..
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View Previous Spirax & Big Picture ***