#Brent_Futures #Dax Every now and then, something good happens. It can be as simple as making “the perfect coffee”, a rare moment in time when the combination of ingredients was ideal and producing that 1 in 1000 cuppa. But for someone with a little tractor, fitting the grass cutting attachment the day before a frost dusted the lawn was my own perfect moment. Finally the green stuff would be neatly cut for the coming winter but of course, the trees dumped several tons of leaves on the garden shortly thereafter!
For years, I’d tried to give the sodding grass a “final” cut and for years, the weather always looked at my efforts and sniggers, choosing to spend the next three weeks raining with moderate temperatures, encouraging the grass to grow again. But this year, I got it, the cutting set at level 10 as it scoured the grass, spitting the mulched greenery out faster than a Metropolitan policeman chasing an excuse to do nothing.
Lloyds continue to avoid giving investors anything approaching “a perfect moment”, their share price breaking our previous 40.1p target level, eventually bouncing unconvincingly from 39.5p. Currently, any bounce needs reach a little higher as it looks like the share now needs above 42.5p to hopefully trigger recovery to a tame 43.3p with our secondary, if this level is exceeded, calculating at 45p. The visuals certainly support a visit to the 45p level but with closure around such a point, something significant is possible as the price will exceed the downtrend for 2023, dumping the price in a zone where a future attraction from 51.2p allegedly becomes possible.
It’s still the case we hope for the day when the market opts to gap this share price above a downtrend as this should send a pretty solid message of future gains being anticipated. But for now, this share price appears destined to spend time fluttering around in the range from 40 to 50p.
Our alternate scenario is now the risk of weakness below 40p bringing the price back down to an initial 38.8 with secondary, if broken, at 35.5p, a price level from which a bounce would be ideal. There’s a further danger should 35.5p as our “ultimate bottom” for Lloyds now calculates at 28.75p, this being the price level below which we cannot calculate.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:46:41PM | BRENT | 8141 | 7948 | 7802 | 7313 | 8174 | 8184 | 8284 | 8413 | 8109 |
| 9:49:08PM | GOLD | 1937 | 1943 | |||||||
| 10:02:23PM | FTSE | 7402 | 7386 | |||||||
| 10:07:55PM | STOX50 | 4230.3 | 4194 | |||||||
| 10:09:58PM | GERMANY | 15325.9 | 15171 | 15128 | 15047 | 15262 | 15336 | 15373 | 15440 | 15265 |
| 10:11:47PM | US500 | 4408 | 4384 | |||||||
| 10:13:27PM | DOW | 34225.5 | 34135 | |||||||
| 10:16:52PM | NASDAQ | 15511.6 | 15435 | |||||||
| 10:19:42PM | JAPAN | 32811 | 32801 |
10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%
9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%
8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%
7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%
6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%
3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%
2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%
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:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:ITM ITM Power** **LSE:ITV ITV** **
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Updated charts published on : Anglo American, Astrazeneca, Diageo, Firstgroup, ITM Power, ITV,
LSE:AAL Anglo American Close Mid-Price: 2018.5 Percentage Change: -2.77% Day High: 2055.5 Day Low: 1982
Weakness on Anglo American below 1982 will invariably lead to 1975p with ……..
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View Previous Anglo American & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 10090 Percentage Change: -3.32% Day High: 10404 Day Low: 10028
Target met. In the event Astrazeneca experiences weakness below 10028 it ……..
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View Previous Astrazeneca & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 2850 Percentage Change: -12.17% Day High: 2998.5 Day Low: 2719
Target met. If Diageo experiences continued weakness below 2719, it will ……..
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View Previous Diageo & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 165 Percentage Change: -0.24% Day High: 166 Day Low: 163.2
Further movement against Firstgroup ABOVE 166 should improve acceleration ……..
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View Previous Firstgroup & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 57.56 Percentage Change: -6.95% Day High: 62.22 Day Low: 56.7
Target met. Continued weakness against ITM taking the price below 56.7 ca ……..
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View Previous ITM Power & Big Picture ***
LSE:ITV ITV Close Mid-Price: 59.72 Percentage Change: -3.37% Day High: 61.1 Day Low: 59.52
In the event ITV experiences weakness below 59.52 it calculates with a dr ……..
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View Previous ITV & Big Picture ***