#Brent #SP500 The racing world has finally found itself competing with UK retail bank share price movements. The 2nd Formula 1 race of this year proved incredible, just 25 overtakes with the highest number being accomplished by a young guy, driving for Ferrari, in the first F1 race of his career. He clearly hadn’t got the memo to tone things down, the TV cameras eventually deciding it was safer focussing on him rather than the appalling lack of action elsewhere. With the regular Ferrari driver being treated for appendicitis, the very young stand-in Oliver Bearman, a Brit, managed to finish with points in 7th place, looking like he’ll be fine to return to school on Monday morning.
Even by last weekends Bahrain performance, it was a truly boring race, but there’s certainly a degree of similarity to the lacklustre performance by Lloyds Bank share price.
The immediate problem for Lloyds is roughly at 48.9736p, their share price needing exceed such a level to hopefully trigger some proper action. Above such a level, represented by the Blue downtrend on the chart, should apparently now bring movement to an initial 50.9p with our secondary, if beaten, calculating at a comfortable looking 54.25 at some point in the future. Unfortunately, the visuals promise some hesitation at the 54.25p level, this being a repeated point of hesitation during the last few years. Once the share price actually closes above 54.25p, we’ve an expectation of a future 62.5p and beyond but for now, there’s nothing from the price hiatus since 2021 which suggests the potential for strong upward recovery. Perhaps, similar to Ferrari, they should recruit senior talent from local schools as this might get the share price moving. But we’re not clear on direction!
If things intend go wrong for Lloyds, below 42.2p looks troubling, capable of triggering reversal to an initial 40.2p with our secondary, if broken, at a probable bottom of 35.4p.
For now, there are certainly early signals for some optimism and should Lloyds manage to exceed Blue on the chart, it may become slightly interesting for a while.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:50:02PM | BRENT | 8155.6 | 8140 | 8082 | 7969 | 8210 | 8265 | 8277 | 8322 | 8194 |
| 11:05:25PM | GOLD | 2178.69 | 2168 | |||||||
| 11:12:31PM | FTSE | 7651.8 | 7645 | |||||||
| 11:16:33PM | STOX50 | 4940 | 4966 | |||||||
| 11:28:51PM | GERMANY | 17755 | 17788 | |||||||
| 12:35:28AM | US500 | 5128 | 5114 | 5092 | 5060 | 5152 | 5190 | 5215 | 5460 | 5086 |
| 6:55:51PM | DOW | 38742 | 38715 | |||||||
| 7:53:26PM | NASDAQ | 18036 | 18233 | |||||||
| 7:56:00PM | JAPAN | 39061 | 39359 |
8/03/2024 FTSE Closed at 7659 points. Change of -0.43%. Total value traded through LSE was: £ 5,498,882,120 a change of -31.93%
7/03/2024 FTSE Closed at 7692 points. Change of 0.17%. Total value traded through LSE was: £ 8,077,896,758 a change of 24.94%
6/03/2024 FTSE Closed at 7679 points. Change of 0.43%. Total value traded through LSE was: £ 6,465,210,839 a change of 16.73%
5/03/2024 FTSE Closed at 7646 points. Change of 0.08%. Total value traded through LSE was: £ 5,538,797,167 a change of -5.01%
4/03/2024 FTSE Closed at 7640 points. Change of -0.55%. Total value traded through LSE was: £ 5,830,824,809 a change of -4.21%
1/03/2024 FTSE Closed at 7682 points. Change of 0.68%. Total value traded through LSE was: £ 6,087,264,861 a change of -41.68%
29/02/2024 FTSE Closed at 7630 points. Change of 0.08%. Total value traded through LSE was: £ 10,436,888,007 a change of 63.71% 
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:CEY Centamin** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **LSE:SPT Spirent Comms** **
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Updated charts published on : Carnival, Centamin, Quadrise, Rolls Royce, Speedyhire, Spirent Comms,
LSE:CCL Carnival. Close Mid-Price: 1147 Percentage Change: + 2.64% Day High: 1174 Day Low: 1092
In the event of Carnival enjoying further trades beyond 1174, the share s ……..
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View Previous Carnival & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 103.8 Percentage Change: + 0.68% Day High: 105.9 Day Low: 101.9
Target met. All Centamin needs are mid-price trades ABOVE 105.9 to improv ……..
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View Previous Centamin & Big Picture ***
LSE:QED Quadrise Close Mid-Price: 1.58 Percentage Change: -5.51% Day High: 1.7 Day Low: 1.55
In the event Quadrise experiences weakness below 1.55 it calculates with ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 386.4 Percentage Change: -0.92% Day High: 392 Day Low: 384
In the event of Rolls Royce enjoying further trades beyond 392, the share ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 25.55 Percentage Change: -1.92% Day High: 26.1 Day Low: 25.3
In the event Speedyhire experiences weakness below 25.3 it calculates wit ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPT Spirent Comms. Close Mid-Price: 177.6 Percentage Change: + 1.49% Day High: 180.2 Day Low: 175
In the event of Spirent Comms enjoying further trades beyond 180.2, the s ……..
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View Previous Spirent Comms & Big Picture ***