#Brent #DAX The question must be asked, do the weather forecasting folk get paid according to how many clicks they generate? Most folk have probably become immune to the standard media tactic of generating a headline which is completely contrary to the actual story but, with weather, we’d hope the Met Office would try and adopt a tactic of being accurate. After all, in an age when a mobile phone appears capable of telling what time the rain will stop, why are the Met Office issuing “Yellow Alerts” for snow across wide areas? It’s gotten to the stage where we choose to ignore these Met Office panics as they’re capable of real life consequences.
One such happened recently, opting to cancel a hospital appointment on the mainland as there was apparently a certainty the ferries would be cancelled. The 60mph winds decided not to turn up, the ferry timetable was not affected, and the hospital used a courier to send out an urgent supply of chemo pills. With another hospital visit scheduled for today, there was a feeling of déjà vu with the latest “Yellow Alert” and this time, it’s getting ignored. But the whole contrived drama of clickbait headlines constantly bothers us and perhaps exerts a subconscious influence, lest we fall into the trap of promising the heavens.
Lloyds is currently a great case in point.
Based on share price movements on Thursday and Friday, we can cheerfully announce “Lloyds Heading to 120p!”
The thing is, something possibly important actually did occur with Lloyds, the market deciding to pour some pixie dust over the share and allowing it to nudge above the Blue 2023 downtrend. On the chart inset, we’ve circled a bunch of recent nudges upward at the market open on three occasions during November, giving a broad hint “they” were up to something. The immediate situation suggests above 44.5p should make an attempt at 46p next with our secondary, if beaten, calculating at 48.2p. Obviously, neither ambition is anywhere close to 120p but the fact the market has started nudging Lloyds upward is surely meaningful.
In this instance, we can provide a third target level, if 48.2p is bettered, as a future 53.7 works out as possible. The visuals indicate some hesitation can be anticipated, if such a target makes itself known. To cancel this truly festive outpouring of optimism, the share price needs wither below 43p.
Oh, and should Lloyds ever discover a reason to close a session above 53.7p, it actually will find itself residing in a Big Picture zone, one where we shall argue in favour of a long term attraction coming from 120p!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:14:32PM | BRENT | 7905.7 | 7858 | 7763 | 7534 | 8148 | 8196 | 8258 | 8387 | 8009 |
| 9:50:13PM | GOLD | 2071.8 | 2035 | |||||||
| 9:52:47PM | FTSE | 7522 | 7480 | |||||||
| 9:56:47PM | STOX50 | 4422.5 | 4400 | |||||||
| 9:59:16PM | GERMANY | 16428.4 | 16240 | 16193 | 16110 | 16314 | 16442 | 16464 | 16580 | 16406 |
| 10:04:17PM | US500 | 4594.6 | 4565 | |||||||
| 10:06:38PM | DOW | 36256 | 35971 | |||||||
| 10:08:41PM | NASDAQ | 15996.3 | 15952 | |||||||
| 10:11:07PM | JAPAN | 33473 | 33437 |
1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%
30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%
29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%
28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%
27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%
24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%
23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
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:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SPT Spirent Comms** **LSE:STAR Star Energy** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Barrett Devs, Block Energy PLC, B & M, Carnival, Centamin, EasyJet, ITM Power, ITV, Music Magpie, Quadrise, Rolls Royce, Spirent Comms, Star Energy, Taylor Wimpey,
LSE:BDEV Barrett Devs. Close Mid-Price: 519.8 Percentage Change: + 1.17% Day High: 521.4 Day Low: 514
Target met. In the event of Barrett Devs enjoying further trades beyond 5 ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 0.85 Percentage Change: -5.56% Day High: 0.9 Day Low: 0.82
Target met. In the event Block Energy PLC experiences weakness below 0.82 ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BME B & M. Close Mid-Price: 589 Percentage Change: + 2.68% Day High: 592.2 Day Low: 573.4
Further movement against B & M ABOVE 592.2 should improve acceleration to ……..
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View Previous B & M & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1081.5 Percentage Change: + 3.89% Day High: 1089 Day Low: 1053
All Carnival needs are mid-price trades ABOVE 1089 to improve acceleratio ……..
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View Previous Carnival & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 100.5 Percentage Change: + 3.93% Day High: 100.3 Day Low: 96.55
Continued trades against CEY with a mid-price ABOVE 100.3 should improve ……..
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View Previous Centamin & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 472.8 Percentage Change: + 4.30% Day High: 469.9 Day Low: 453
Continued trades against EZJ with a mid-price ABOVE 469.9 should improve ……..
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View Previous EasyJet & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 51.54 Percentage Change: + 0.51% Day High: 52.56 Day Low: 48.53
In the event ITM Power experiences weakness below 48.53 it calculates wit ……..
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View Previous ITM Power & Big Picture ***
LSE:ITV ITV Close Mid-Price: 59.76 Percentage Change: -0.60% Day High: 60.5 Day Low: 58.36
Target met. Weakness on ITV below 58.36 will invariably lead to 57p with ……..
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View Previous ITV & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 14 Percentage Change: -5.08% Day High: 14.75 Day Low: 13.75
Continued weakness against MMAG taking the price below 13.75 calculates a ……..
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View Previous Music Magpie & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 2.2 Percentage Change: + 22.91% Day High: 2.4 Day Low: 1.75
Target met. Continued trades against QED with a mid-price ABOVE 2.4 shoul ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 276.7 Percentage Change: + 2.94% Day High: 276 Day Low: 271.8
Continued trades against RR. with a mid-price ABOVE 276 should improve th ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 110.3 Percentage Change: -3.42% Day High: 119.3 Day Low: 110.7
Target met. All Spirent Comms needs are mid-price trades ABOVE 119.3 to i ……..
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View Previous Spirent Comms & Big Picture ***
LSE:STAR Star Energy. Close Mid-Price: 8.15 Percentage Change: + 2.90% Day High: 7.54 Day Low: 7.54
Weakness on Star Energy below 7.54 will invariably lead to 7.2p with seco ……..
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View Previous Star Energy & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 131 Percentage Change: + 1.12% Day High: 131.8 Day Low: 129.95
Further movement against Taylor Wimpey ABOVE 131.8 should improve acceler ……..
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View Previous Taylor Wimpey & Big Picture ***