#Brent #Dax As we all enjoy the various antics of UK political parties, seemingly doing their best not to be elected, it seems only a matter of days before one of the parties announces being “Sent to Rwanda for Speeding” or Fines for using the wrong pronouns. Actually, the last one may not be entirely unlikely as it’s the ridiculous law here in Scotland, a place where a politician once made the suggestion of sending “illegals” to live on an island, a concept immediately demolished as a potential vote loser and likely to fall victim of Human Rights rules. With the recent quality of weather, that may not be entirely inaccurate.
Despite the entertainment of a UK General Election, retail bank share prices continue to provide their own sideshow. Thankfully, Natwest has finally opted to close above 315p for a few trading sessions (ten in total) giving us fairly substantial hope the game has changed for the share price and finally, the correct set of circumstances should witness some proper price movement.
From our perspective, Natwest is finally trading in a zone where our ‘post-pandemic’ theory allows a future price target at an impressive 549p!
We’ve a surprising immediate scenario, where we can now propose closure once again above 315p should prove especially interesting, expecting a movement cycle to commence to an initial 350p with secondary, if bettered, at 381p. Obviously, the retail banks all suffer from the threat of deliberate political interference and in an election year, this threat is more blatant than BBC bias.
If trouble lies ahead, closure below 292p will ring enormous alarm bells, presenting the potential of reversal to an initial 274 with our secondary, if broken, working out at 239p. But for the longer term, thanks to it already closing above 315p, we’re hopeful the game has changed for the bank and the future only requiring oodles of patience, almost worse than watching the boring Monaco F1 races where even a competitor commented he should have brought a pillow for the car cockpit.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:34:03PM | BRENT | 8431.6 | 8047 | 7966 | 7810 | 8132 | 8219 | 8273 | 8349 | 8130 |
| 10:41:51PM | GOLD | 2360.96 | 2340 | |||||||
| 10:44:19PM | FTSE | 8254.8 | 8319 | |||||||
| 10:46:34PM | STOX50 | 5031.3 | 5034 | |||||||
| 10:49:00PM | GERMANY | 18661.5 | 18620 | 18564 | 18467 | 18694 | 18769 | 18786 | 18842 | 18701 |
| 11:06:18PM | US500 | 5306.9 | 5305 | |||||||
| 11:08:58PM | DOW | 38804 | 39017 | |||||||
| 11:52:47PM | NASDAQ | 18870 | 18843 | |||||||
| 11:55:01PM | JAPAN | 38915 | 38875 |
28/05/2024 FTSE Closed at 8254 points. Change of -0.76%. Total value traded through LSE was: £ 5,641,394,856 a change of 14.03%
24/05/2024 FTSE Closed at 8317 points. Change of -0.26%. Total value traded through LSE was: £ 4,947,346,285 a change of -38.57%
23/05/2024 FTSE Closed at 8339 points. Change of -0.37%. Total value traded through LSE was: £ 8,053,731,391 a change of 27.95%
22/05/2024 FTSE Closed at 8370 points. Change of -0.55%. Total value traded through LSE was: £ 6,294,493,963 a change of 14.87%
21/05/2024 FTSE Closed at 8416 points. Change of -0.09%. Total value traded through LSE was: £ 5,479,565,793 a change of 22.51%
20/05/2024 FTSE Closed at 8424 points. Change of 0.05%. Total value traded through LSE was: £ 4,472,630,359 a change of -22.38%
17/05/2024 FTSE Closed at 8420 points. Change of -100%. Total value traded through LSE was: £ 5,762,302,042 a change of 0% 
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:AFC AFC Energy** **LSE:BARC Barclays** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:GRG Greggs** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : AFC Energy, Barclays, Diageo, ECO (Atlantic) O & G, Greggs, Marks and Spencer, Rolls Royce, Scottish Mortgage Investment Trust,
LSE:AFC AFC Energy. Close Mid-Price: 23 Percentage Change: + 2.22% Day High: 23.3 Day Low: 21
All AFC Energy needs are mid-price trades ABOVE 23.3 to improve accelerat ……..
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View Previous AFC Energy & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 219.1 Percentage Change: + 1.36% Day High: 220.1 Day Low: 216.55
Target met. In the event of Barclays enjoying further trades beyond 220.1 ……..
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View Previous Barclays & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 2629 Percentage Change: -2.38% Day High: 2690 Day Low: 2618.5
If Diageo experiences continued weakness below 2618.5, it will invariably ……..
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View Previous Diageo & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 15.5 Percentage Change: + 19.23% Day High: 16.25 Day Low: 14.75
Target met. Further movement against ECO (Atlantic) O & G ABOVE 16.25 sho ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2888 Percentage Change: + 0.56% Day High: 2906 Day Low: 2860
Target met. In the event of Greggs enjoying further trades beyond 2906, t ……..
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View Previous Greggs & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 302 Percentage Change: + 0.94% Day High: 304.8 Day Low: 299.6
All Marks and Spencer needs are mid-price trades ABOVE 304.8 to improve a ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 451 Percentage Change: + 1.39% Day High: 458.4 Day Low: 444.3
Target met. Further movement against Rolls Royce ABOVE 458.4 should impro ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 882.6 Percentage Change: -2.04% Day High: 904.6 Day Low: 885
In the event of Scottish Mortgage Investment Trust enjoying further trade ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***