#Gold #SP500 As a country, France knows a thing or two about chaotic movements, as witnessed by those with sufficient patience to watch what was probably the worst opening ceremony in Olympic history. We decided to do something more interesting, therefore missing the part which got the internet in an uproar, but there was a distinct feeling if the organisers were trying to save money, they should have looked at the opening titles from Je Sans Frontieres back in the Jurassic period which ended in 1999. It’s a pity, because the original “It’s A Knockout” theme of pitting town against town, city against city, was deliberately funny, a notion the international version adhered to. But the opening ceremony of the games managed to embrace irony, little realising the international ridicule about to be heaped on France. Just what was Lady GaGa, a usually astounding live singer, doing lip syncing to the world?
For instance, the idea of various boats carrying national teams had some merit but it would have been more amusing, if other teams on the shore were trying to hit them with water cannon, big balls, or if all else fails, trebuchets. Such a concept would have saved me from doing some gardening.
Anyway, the four year festival of cheap broadcasting for TV has commenced, TV stations fulfilling their licence requirements and not worrying about viewer figures as they are not suffering production costs. It can be guessed our household are not fans of the games, football, rugby, tennis, or whatever other garbage reality is being hyped as watchable. Until the last 4 F1 races, even motorsport had found itself hanging on a shoogly hook (Scottish term for a screw hook wound into plasterboard)…
Air France share price is also looking like it may be on a “shoogly hook”, somehow managing to look more dangerous than IAG (aka British Airways etc), the airlines price movements looking less choreographed than its parent country’s Olympic ceremony. Last year, the company share price firmly exceeded their pre-pandemic 10 Euro level, making it appear good times were ahead. Instead, the share price feels like it may be moving in concert with France’s internal issues and this being the case, we should now anticipate the worst. We’ve actually got two pretty strong arguments favouring our conclusion, hence being a little emphatic about it.
Next below 7.75€ suggests coming weakness in Air France down to 6.74 and hopefully a bounce. The 6.74€ level is a bit of a problem as it’s difficult to calculate below such a level. We obviously did a little work and came up with a secondary at 4.3 Euro but we don’t entirely trust this concept. Essentially the two arguments favouring 6.74 do not currently leave the potential for anything below such a level.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:06:22PM | GOLD | 2382.11 | 2370 | 2363 | 2349 | 2385 | 2404 | 2409 | 2422 | 2386 | |
| 11:07:52PM | BRENT | 7909 | 7863 | 7844 | 7735 | 7938 | 7960 | 7991 | 8034 | 7900 | ‘cess |
| 11:16:29PM | FTSE | 8285.2 | 8278 | 8269 | 8238 | 8295 | 8333 | 8413 | 8464 | 8313 | ‘cess |
| 11:19:14PM | STOX50 | 4828.2 | 4811 | 4802 | 4770 | 4831 | 4846 | 4858 | 4874 | 4822 | ‘cess |
| 12:33:52AM | GERMANY | 18362.6 | 18310 | 18230 | 18124 | 18386 | 18548 | 18716 | 18921 | 18417 | ‘cess |
| 12:39:24AM | US500 | 5456.2 | 5454 | 5440 | 5421 | 5467 | 5497 | 5521 | 5564 | 5462 | |
| 12:43:23AM | DOW | 40487 | 40387 | 40323 | 40157 | 40581 | 40821 | 40856 | 41204 | 40636 | Shambles |
| 1:01:36AM | NASDAQ | 18994.7 | 18897 | 18857 | 18734 | 19091 | 19236 | 19397 | 19619 | 19074 | |
| 1:12:53AM | JAPAN | 38212 | 38503 | 36476 | 34449 | 38735 | 38724 | 38808 | 39293 | 38303 |
29/07/2024 FTSE Closed at 8292 points. Change of 0.08%. Total value traded through LSE was: £ 4,768,279,831 a change of 1.53%
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% 
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:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:IGG IG Group** **LSE:MKS Marks and Spencer** **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 : Barclays, Barrett Devs, Carclo, IG Group, Marks and Spencer, National Glib, Natwest, Ocado Plc, Serco, Tesco, Taylor Wimpey, Vodafone,
LSE:BARC Barclays. Close Mid-Price: 232.75 Percentage Change: + 0.58% Day High: 236.9 Day Low: 231.55
Further movement against Barclays ABOVE 236.9 should improve acceleration ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 527.6 Percentage Change: + 1.50% Day High: 529 Day Low: 517.8
In the event of Barrett Devs enjoying further trades beyond 529, the shar ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 33.5 Percentage Change: + 6.69% Day High: 34 Day Low: 31.6
In the event of Carclo enjoying further trades beyond 34, the share shoul ……..
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View Previous Carclo & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 939.5 Percentage Change: + 0.54% Day High: 945 Day Low: 928
Target met. In the event of IG Group enjoying further trades beyond 945, ……..
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View Previous IG Group & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 325.4 Percentage Change: -0.09% Day High: 328.7 Day Low: 325.2
Further movement against Marks and Spencer ABOVE 328.7 should improve acc ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 979 Percentage Change: + 0.49% Day High: 987.6 Day Low: 976.2
Further movement against National Glib ABOVE 987.6 should improve acceler ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 371.4 Percentage Change: + 2.63% Day High: 372.7 Day Low: 364
Continued trades against NWG with a mid-price ABOVE 372.7 should improve ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 432.6 Percentage Change: -2.98% Day High: 453.3 Day Low: 432.3
Continued trades against OCDO with a mid-price ABOVE 453.3 should improve ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SRP Serco Close Mid-Price: 193.1 Percentage Change: -0.46% Day High: 195.4 Day Low: 191.6
Target met. In the event of Serco enjoying further trades beyond 195.4, t ……..
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View Previous Serco & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 330.9 Percentage Change: + 1.16% Day High: 333.5 Day Low: 328.2
Target met. All Tesco needs are mid-price trades ABOVE 333.5 to improve a ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 159.65 Percentage Change: + 0.47% Day High: 161.35 Day Low: 159.3
Target met. Continued trades against TW. with a mid-price ABOVE 161.35 sh ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 73.22 Percentage Change: + 0.00% Day High: 74.74 Day Low: 73.22
All Vodafone needs are mid-price trades ABOVE 74.74 to improve accelerati ……..
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View Previous Vodafone & Big Picture ***