#Dax #Brent Thankfully the weekend culminated with quite a good Grand Prix as otherwise, it was dire. My wife kicked things off early on Saturday, deciding to reverse down the driveway rather than going nose first. She knew something was wrong, when the car hit the mailbox at the foot of the drive, a feat previously thought impossible. This is due to the steep drive being lined with a wall, the mailbox mounted on top of the said wall. Somehow, she’d managed to get the left side wheels of the car on the wall, failed to notice the car tilting and only the (now wrecked) mailbox stopping her progress toward a giant first step down.
Then, to make things more interesting, she opted to turn the steering wheel and try to recover the situation. The left hand wheels slithered off the wall and onto wet grass, immediately losing traction. Such was the level of tilt, the drivers door couldn’t open all the way as it swung onto paving slabs. Without telling what she’d done, she opted to take the dog for a walk along to the beach and the first I knew about it came from a couple of old ladies at the door, alerting me to the fact one of our cars had rolled down the driveway…
With our driveway completely blocked and the Toyota refusing to move, there was a pretty major problem but one which could be easily resolved by tying a rope from the car to our large Toyota 4WD which has a towbar. Once again, we entered the realms of impossible as modern cars appear to be completely shielded underneath with nothing sane offering itself as the point to tie a rope. Utter frustration ensued as all local garages had closed by Saturday lunchtime and in any case, they wouldn’t have been able to enter the driveway to rescue the absurdly trapped vehicle.
And for this reason, I found myself under the tilted Toyota, removing the plastic cladding (in the rain) on Sunday morning, planning to weld something onto any exposed metal. By lunchtime, I’d a rope stretched between the two vehicles, my wife fully conversant with the risk of accelerating off the wall into the rear of the larger car. Literally a minute later, the car was off the wall and safely on the flat, my wife once again opting to go for a dog walk rather than assist with the chaos. By 2pm, the smaller Toyota was all buttoned up, the damage to the rear unpopped and the adhoc mount for rope removed.
The only thing left was obviously to kick the cat.
Our Golden Retriever thinks it funny to leave her toys at the office door and it has become a rite of passage to try and launch her teddy bear across the corridor to the kitchen. Just why the cat was sitting at the office defeats me as she generally avoids the office like a sentient being given the choice of watching Big Brother of TV. Lets just say, the weekend finished with my wife almost convinced I didn’t deliberately kick the cat.
And this brings us neatly to Natwest, the market cheerfully giving the share price a thorough kicking on Friday. When we reviewed the share three weeks ago, we expressed concern at the implications if the price managed to slip below 204p as it risked a cycle downhill to 109p. The share price managed to accomplish this on Thursday, a low of 202.7p providing the precursor for a truly awful -18% day, dumping the share price in a zone where escape looks difficult.
Despite the share closing the day ‘only’ down 12% at 182p we’re not convinced the market made an overcooking mistake with a brutal Halloween prank, instead suspecting the worst is not yet over. We can however introduce some slight hope into this Halloween horror story as the drop potentials have changed slightly since our previous review.
Now below 167p calculates with the potential of reversal down to an initial 161p with secondary, if broken, at 135p and a fairly reasonable expectation of a bounce. But should 135p break, our perception of the future now allows for 111p as an ultimate bottom. As a result, some care needs taken as the market will be perfectly aware lots of folks will be trying to buy in at what they perceive as a market bottom. We shall only be convinced if the share price were to somehow find an excuse to better Blue on the chart, currently around 230p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:09:04PM | BRENT | 8872 | 8676 | 8562 | 8439 | 8862 | 8937 | 9078 | 9246 | 8850 |
| 10:12:31PM | GOLD | 2005.8 | ||||||||
| 10:18:38PM | FTSE | 7267.5 | ||||||||
| 10:21:03PM | STOX50 | 3996.8 | ||||||||
| 10:23:45PM | GERMANY | 14618.4 | 14590 | 14574 | 14489 | 14660 | 14826 | 14851 | 14938 | 14730 |
| 10:27:37PM | US500 | 4116.6 | ||||||||
| 10:30:39PM | DOW | 32379 | ||||||||
| 10:33:17PM | NASDAQ | 14188 | ||||||||
| 10:38:52PM | JAPAN | 30613 |
27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%
26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%
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%
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:BARC Barclays** **LSE:CPI Capita** **LSE:ITM ITM Power** **LSE:NWG Natwest** **
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Updated charts published on : Barclays, Capita, ITM Power, Natwest,
LSE:BARC Barclays Close Mid-Price: 129.2 Percentage Change: -2.30% Day High: 132.04 Day Low: 128.64
Weakness on Barclays below 128.64 will invariably lead to 126p with secon ……..
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View Previous Barclays & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 16.1 Percentage Change: + 4.07% Day High: 16.1 Day Low: 15.29
This could become interesting as above just 17p should signal bottom is “i ……..
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View Previous Capita & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 64.2 Percentage Change: + 0.22% Day High: 67 Day Low: 63.2
Continued weakness against ITM taking the price below 63.2 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 182 Percentage Change: -11.56% Day High: 189.55 Day Low: 168.3
Target met. Continued weakness against NWG taking the price below 168.3 c ……..
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View Previous Natwest & Big Picture ***