#Brent #Dax The Belgian GP provided the usual quota of chaos, culminating in the race victor being disqualified due to cheating with a light car and his team mate propelled to first place in his stead. It is interesting to note the last time this happened in a race was also Belgium some years ago, Michael Schumacher finding himself ejected from the race. However, congratulations to Mr Hamilton for yet another race win, finishing well ahead of the current championship leader for the 4th time in succession.
Unfortunately, with Formula 1 now taking its summer holidays and the stock market readying itself to hibernate for August, all we can immediately point to is our forecast for Natwest three weeks ago. We predicted some hesitation was expected at the 340p level and wow, did it happen! The share price hit 340p last week with a similar impact to an F1 Mercedes hitting the F1 rulebook. We shall admit to being a little smug but were truly surprised on Friday, when the bank share price produced a substantial gap, propelled over the nasty 340p level and gapped UP by a significant 25p to a price level not seen since 2015. This means we now need to open the Big Picture door and adopt to a different outlook.
Essentially, now above 369p points at the potential of a lift to an initial 377 with our secondary, if beaten, a longer term 396p. Overall, our calculations highlight a future 470 as exerting the influence Toast with Jam used to do to wasps. What’s weird this year has been lower numbers of the stinging monsters, almost as if they opted to complete their life cycle a month early. Even the hated Scottish Midge has virtually vanished but regardless, it looks like 470p can be regarded as the ruling attraction for Natwest.
What’s a bit odd about this is the irritating difficulty we are experiencing, trying to find a reason for the price being “gapped up”. It’s obviously extremely unlikely they adopted this movement, because Trends and Targets pointed out an issue at the 340p level. Instead, it’s usually the case we get busy with our crayons in an invariably successful attempt to find a trend line we missed. Worryingly, in this instance, we cannot establish any sort of trend but only can come to the dodgy conclusion the market somehow managed to use the same arithmetic we did, a calculation which pointed at 340p as being a problem. We are not that arrogant, honestly, despite the proof above.
As is said when logic breaks down, “go figger”….
For Natwest now to fall into the clutches of despair, the share price needs below an unlikely 300p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:06:24PM | BRENT | 8043 | 7932 | 7875 | 7797 | 7998 | 8171 | 8230 | 8330 | 8113 |
| 11:15:23PM | GOLD | 2388 | ||||||||
| 11:37:03PM | FTSE | 8273 | ||||||||
| 11:52:05PM | STOX50 | 4862 | ||||||||
| 11:54:32PM | GERMANY | 18499.9 | 18219 | 18128 | 18000 | 18466 | 18514 | 18537 | 18684 | 18426 |
| 11:59:04PM | US500 | 8273 | ||||||||
| 12:01:27AM | DOW | 40555 | ||||||||
| 12:04:53AM | NASDAQ | 19010 | ||||||||
| 12:08:45AM | JAPAN | 38024 |
26/07/2024 FTSE Closed at 8285 points. Change of 1.21%. Total value traded through LSE was: £ 4,696,468,997 a change of -12.32%
25/07/2024 FTSE Closed at 8186 points. Change of 0.4%. Total value traded through LSE was: £ 5,356,362,048 a change of 4.45%
24/07/2024 FTSE Closed at 8153 points. Change of -0.17%. Total value traded through LSE was: £ 5,128,130,189 a change of -2.6%
23/07/2024 FTSE Closed at 8167 points. Change of -0.38%. Total value traded through LSE was: £ 5,265,250,514 a change of 15.55%
22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%
19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%
18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62% 
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:BBY BALFOUR BEATTY** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SRP Serco** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
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Updated charts published on : BALFOUR BEATTY, International Distribution, IG Group, International Personal Finance, National Glib, Natwest, Ocado Plc, Serco, Tesco, Taylor Wimpey, Vodafone,
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 426.8 Percentage Change: + 2.74% Day High: 430 Day Low: 410.2
In the event of BALFOUR BEATTY enjoying further trades beyond 430, the sh ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 345.6 Percentage Change: + 0.52% Day High: 348.4 Day Low: 339.8
Continued trades against IDS with a mid-price ABOVE 348.4 should improve ……..
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View Previous International Distribution & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 934.5 Percentage Change: + 3.66% Day High: 931.5 Day Low: 891
Target met. Continued trades against IGG with a mid-price ABOVE 931.5 sho ……..
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View Previous IG Group & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 137.5 Percentage Change: + 1.85% Day High: 140.5 Day Low: 135
Target met. All International Personal Finance needs are mid-price trades ……..
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View Previous International Personal Finance & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 974.2 Percentage Change: + 1.14% Day High: 976.6 Day Low: 961.2
Continued trades against NG. with a mid-price ABOVE 976.6 should improve ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 361.9 Percentage Change: + 7.04% Day High: 368.8 Day Low: 356.1
Target met. All Natwest needs are mid-price trades ABOVE 368.8 to improve ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 445.9 Percentage Change: + 4.79% Day High: 452.1 Day Low: 424.7
Target met. All Ocado Plc needs are mid-price trades ABOVE 452.1 to impro ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 194 Percentage Change: + 2.05% Day High: 194.6 Day Low: 185.6
Further movement against Serco ABOVE 194.6 should improve acceleration to ……..
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View Previous Serco & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 327.1 Percentage Change: + 0.46% Day High: 328.6 Day Low: 323.4
Target met. In the event of Tesco enjoying further trades beyond 328.6, t ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 158.9 Percentage Change: + 1.53% Day High: 159.9 Day Low: 156.25
All Taylor Wimpey needs are mid-price trades ABOVE 159.9 to improve accel ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 73.22 Percentage Change: + 1.50% Day High: 73.32 Day Low: 71.9
In the event of Vodafone enjoying further trades beyond 73.32, the share ……..
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View Previous Vodafone & Big Picture ***