#Gold #Japan Historically, we’ve maintained a pretty foul opinion of anything to do with crypto, especially when the buzzword “Blockchain” is woven into the narrative. The methodology which keeps pirate download sites alive, torrent streaming, bears more than a passing nod to being rebranded as Blockchain. It may even come as a surprise to many to discover Pirate Bay remains functioning, currently hosted in Ukraine or Vietnam…
We often liken torrent streaming sites as being akin to the ant colony which flourishes on our patio, every year. We use the miracle white powder to bomb the entrances and within hours, no ants can be seen. But a few days later, streams of the things can be found heading to new entrances like morning traffic approaching the Blackwall Tunnel. This game of “Whack a Mole” generally continues for the entire summer until suddenly, a week goes by with the realisation there has been no need to continue the fight against the ants. The war is therefore over for another year though, at some stage, we should lift the paving slabs and emplace a new membrane to keep the termites at bay.
It has been a couple of years since we reviewed Argo Blockchain and despite the miserable expectations of our last report, the company continues to do its thing, even boosting its way up to 35p at the start of this year in what looks like a successful promotion campaign via internet chatrooms. Surprisingly, the share value feels like it may be twitching once again with hope for some recovery. Our hope comes from the Red line on the chart below, along with the fact the market opted to gap the share price up on the 17th, closing the day up 20% and crucially, regaining the trend.
Generally behaviour such as this implies some optimism may be allowed as the immediate implication is of movement above 12p ideally triggering gains to an initial 14.2p. Our “longer term” secondary, if this level is bettered, works out at 16.25p.
Finally, nothing to do with ants or Blockchain but the press releases below were predictable. Wonder how the markets shall react, if Biden withdraws as it seems a lame attempt to “one up” a shooting.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:29:54PM | BRENT | 8468.6 | Success | ||||||||
| 12:11:50AM | GOLD | 2458.38 | 2451 | 2445 | 2432 | 2465 | 2484 | 2515 | 2548 | 2452 | ‘cess |
| 12:14:33AM | FTSE | 8210.1 | ‘cess | ||||||||
| 12:18:48AM | STOX50 | 4889.6 | Success | ||||||||
| 12:22:04AM | GERMANY | 18472.5 | ‘cess | ||||||||
| 12:24:52AM | US500 | 5599.2 | Success | ||||||||
| 12:28:00AM | DOW | 41252 | |||||||||
| 1:38:07AM | NASDAQ | 19865.2 | Success | ||||||||
| 1:40:54AM | JAPAN | 40191 | 40068 | 40006 | 39314 | 40323 | 41429 | 41745 | 42304 | 41252 | Success |
17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%
16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2% 
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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:CAR Carclo** **LSE:CEY Centamin** **LSE:TSCO Tesco** **
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Updated charts published on : Barclays, BALFOUR BEATTY, Carclo, Centamin, Tesco,
LSE:BARC Barclays. Close Mid-Price: 230.7 Percentage Change: + 1.47% Day High: 233 Day Low: 227.45
Target met. Continued trades against BARC with a mid-price ABOVE 233 shou ……..
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View Previous Barclays & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 408.4 Percentage Change: + 0.05% Day High: 413.4 Day Low: 407.6
Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 21.8 Percentage Change: -6.84% Day High: 24 Day Low: 21.2
Further movement against Carclo ABOVE 24 should improve acceleration towa ……..
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View Previous Carclo & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 133.2 Percentage Change: + 1.29% Day High: 133.7 Day Low: 128.9
Further movement against Centamin ABOVE 133.7 should improve acceleration ……..
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View Previous Centamin & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 321.6 Percentage Change: + 0.85% Day High: 320.9 Day Low: 316.4
In the event of Tesco enjoying further trades beyond 320.9, the share sho ……..
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View Previous Tesco & Big Picture ***