Natwest around 324.8 at time of writing, looking good.

#Brent #Dax  It has been a good start to July, a proper Formula1 race, finally, and even happening at the UK Silverstone circuit. And in Scotland, a massive number of failed SNP MP’s were fired by an electorate who finally realised they only represented their wallets, rather than the voters. Amusingly, gossip tells the feat was enacted due to Labour and Conservative activists, knocking on doors and recommending voters which party was best to vote for to unseat the incumbent SNP MP. Apparently it was truly strange have Red rosette wearing canvassers recommending the local Conservative nominee and vice versa.

Then we had the race at Silverstone, the track looking like it had imported weather from Scotland with a couple of outbreaks of rain bringing real entertainment. Usually, from Lap 10 to Lap 40, this race brings an excuse for a nap or in Sundays case, time to cut the grass at the front of the house. Alas, the grass remained uncut, along with a truly impressive outbreak of dandelions, as even going through to the kitchen to make a coffee become a difficult decision. In fact, it was Lap 42 before the realisation we could pause live TV dawned. Better still, Louis Hamilton won fair and square, not competing with his team, car, or race management for a change.

 

So, with all this good news, it’s only fair we should now anticipate the potential of further good times for retail bank, Natwest Group Plc.

This isn’t exactly a tongue in cheek outlook as from a chart perspective, something positive seems to be happening. In the three weeks since our previous report, Natwest has carefully avoided dipping below 300p with the share price remaining in positive territory. The situation now imparts considerable hope with movement above 329p suggesting recovery to a significant 340p, a price level where some hesitation is expected. Our secondary, should such a level be exceeded, calculates at a longer term 382p, a pretty solid step on a path to a future 468p.

As always, we can toss a converse scenario into the mix with the share price needing to slip below 307p to potentially trigger reversals to 292p and a very hopeful rebound. If broken, our secondary works out at 279p, once again dumping the share price into stodgy territory from which enthusiasm for recovery shall become muted.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:59:00PM BRENT 8688 8640 8574 8503 8700 8785 8853 8960 8704
11:01:27PM GOLD 2391.19
11:05:04PM FTSE 8209.3
11:07:16PM STOX50 4975.3
11:09:34PM GERMANY 18484.3 19418 17838 17229 19489 19665 18736 18837 18576
11:11:45PM US500 5561.8
11:14:05PM DOW 39337
11:16:15PM NASDAQ 20381.5
11:18:18PM JAPAN 40958

 

5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%
28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%
27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

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.

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