#Brent #Stoxx The bloke who invented Gravity,. Isaac Newton, once said “If I have seen further, it is by standing on the shoulders of giants” and this has never been more true in our Internet age. The problem with the internet is folk don’t need to learn the basics. Instead, some plonker has uploaded a YouTube video telling them how to do something and, viola, it’s easy. My favoured specialist subject is music and I’m probably a better guitarist than a 5 year old. But the internet is awash with, invariably pretty girls, playing some quite complex tunes. Most of them carefully enact an endearing smile to their podcast camera, roughly every 20 seconds, then turning to the left to watch themselves on a monitor.
These “musicians” have not stood on the shoulders of giants. They’ve not done the work, actually learning how to play their instruments, and as a result are incapable of ‘improving’ the music they are parroting by adding personal touches or flourishes.
Don’t get me wrong, over the weekend I became an expert at repairing a 3d printer, all thanks to Youtube. It transpires tripping over a stupidly routed cable easily caused the thing to shoot off the table, landing quite solidly on the floor. At first glance, nothing appeared damaged but an attempt at printing the ‘cat’ test pattern below produced an impressive cloud of white spaghetti, demanding further investigation. The impact with the carpet had jolted a drive gear free, one which hadn’t been given a fixing screw. This discovery led to further checks and the discovery of every single internal screw and nut needing tightened. Oddly, I should have expected this sort of thing, if only due to the “kettle lead” power cable shipper with the machine being faulty and nope, it wasn’t the fuse. The device, sourced from Temu, clearly had skipped Quality Control at the printer factory and I suspect most sane people would have boxed it up for return. The reason this escaped such a fate was the (perceived) quality of the hardware and the hope everything I learned from Youtube videos shall allow the next phase, designing a decent mounting for the cleaning tools for my espresso machine, a true first world problem!
Alas, it’s unlikely I shall be able to produce something which can boost Natwest share price into orbit.
Natwest Group Plc When we previously reviewed Natwest three weeks ago, there were a few howls of anguish at our proposed potential of reversal down to 111p. Has the last three weeks produced anything to mitigate such a scenario?
The immediate answer is no. But the share price really doesn’t need try too hard to remove itself from the danger zone in which it finds itself. If we adhere closely to our rules, the share price needs currently better Blue on the chart, currently around 227p, as this should indicate an attempt to escape its fate .Early warning for such a scenario should come, if the price were simply to better 212p fairly soon as this should trigger recovery to an initial 243p and visually, some almost certain hesitation given prior behaviour this year. Our secondary, if 243p is exceeded, works out at a longer term 295p and a zone where Santa Claus is doubtless frolicking with elves and reindeer, along with all manner of true characters.
Okay, perhaps we’re being a little cynical here as the share price achieved higher earlier this year, so perhaps our calculated target of 295p could even prove viable. If only the share price were not languishing on the naughty step. Maybe the UK Chancellor will produce an Autumn Statement soon, something better than the usual “I’m a Little Teapot” nonsense which quite literally is designed to hide the truth in the small print which is released, following his spin in front of cameras.
Our converse scenario currently allows below 195p to potentially trigger reversals to an initial 181p with secondary, if broken, at 167p and perhaps a bounce. But if “they” are serious about immolating investors, below 167p now calculates with an ultimate bottom of 122p. Which is nice.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:09:15PM | BRENT | 8040.8 | 7708 | 7594 | 6945 | 7845 | 8095 | 8252 | 8457 | 8003 |
| 9:12:08PM | GOLD | |||||||||
| 9:14:23PM | FTSE | |||||||||
| 9:16:49PM | STOX50 | 4346.3 | 4310 | 4293 | 4274 | 4328 | 4350 | 4394 | 4452 | 4295 |
| 9:19:26PM | GERMANY | |||||||||
| 9:22:31PM | US500 | |||||||||
| 9:27:04PM | DOW | |||||||||
| 9:29:50PM | NASDAQ | |||||||||
| 9:32:13PM | JAPAN |
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%
15/11/2023 FTSE Closed at 7486 points. Change of 0.62%. Total value traded through LSE was: £ 5,809,987,386 a change of 5.78%
14/11/2023 FTSE Closed at 7440 points. Change of 0.2%. Total value traded through LSE was: £ 5,492,695,208 a change of 7.64%
13/11/2023 FTSE Closed at 7425 points. Change of 0.88%. Total value traded through LSE was: £ 5,102,955,229 a change of 1.94%
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%
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:CCL Carnival** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:RR. Rolls Royce** **LSE:TLW Tullow** **
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Updated charts published on : Carnival, EasyJet, Firstgroup, Rolls Royce, Tullow,
LSE:CCL Carnival. Close Mid-Price: 1050.5 Percentage Change: + 1.30% Day High: 1069 Day Low: 1045.5
Target met. In the event of Carnival enjoying further trades beyond 1069, ……..
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View Previous Carnival & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 435.7 Percentage Change: + 2.06% Day High: 445.4 Day Low: 431.1
All EasyJet needs are mid-price trades ABOVE 445.4 to improve acceleratio ……..
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View Previous EasyJet & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 178.7 Percentage Change: + 1.42% Day High: 183.3 Day Low: 176.7
Target met. In the event of Firstgroup enjoying further trades beyond 183 ……..
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View Previous Firstgroup & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 244 Percentage Change: -0.20% Day High: 248.1 Day Low: 243.4
Continued trades against RR. with a mid-price ABOVE 248.1 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 37.64 Percentage Change: + 6.75% Day High: 37.56 Day Low: 35.06
All Tullow needs are mid-price trades ABOVE 37.56 to improve acceleration ……..
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View Previous Tullow & Big Picture ***