#Gold #Japan The end of July brought some really strange movements to the markets, forcing us to emblazon “nothing makes sense” against an astounding 5 different types of futures. As usual, it’s probably the UK’s fault with the Bank of England speculated to lower interest rates from their criminally high levels. The Futures market appears to be taking this as “a sure thing”, desperately trying to factor in the rises, a helpful feature intended to stop traders worrying about taking profit from market gains while the world celebrates something positive finally happening.
We’re not entirely convinced the markets have fully factored in the potentials, given the FTSE (for instance) could easily out accelerate everyone else, given our potential target level at 8482 points. It’d only be fair, given the FTSE ability to languish behind every other market. If only the stock markets actually “did” fair, instead tending to mimic the Metropolitan Police by only going after easy targets and dodging the hard ones. Somehow, there seems to be a belief folk in the UK miss the obvious. Reports across Europe of knife crimes are being blamed on folk with mental health issues, while folk protesting are labelled as “Right Wing Activists”. As always, a compliant UK media fails to offer any serious investigation as to what’s going on, the UK press now at the stage of not being able to give away newspapers in some areas.
In a few hours we should know what’s ahead for UK Interest Rates but meanwhile, we’re once again slightly interested in Brent Crude, the product almost at the point where it must start dripping lower. Usually, this is the time when we cynically expect OPEC to announce something drastic or the Saudi’s to experience a fire, and more commonly, Russia accused of something heinous, thus causing the price of oil to spike. This being the case, we shall not be aghast if movement next above 8200 provokes a surge in the direction of an initial 8490 with our secondary, if beaten, at 8785.
Our distrust of “obviously independent” market forces in based on harsh experience, teaching us when the markets reach a point where something must happen, always expect the exact opposite too. It’s a dreadful way to think but successfully handles the possibility of being utterly wrong.
If the price of Brent Crude intends play fair, below 7800 cents currently looks capable of generating reversal to an initial 6859 with our secondary, if broken, at 6087 and the potential for a bounce. As a caution, we’ve painted a third level target on the bounce, should such a secondary break, and it works out as a bottom of 50 dollars.
In the words of pop group, The Kaiser Chiefs, all we can say (in slightly bad taste) is “We predict a Riot…”
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 1:21:46AM | BRENT | 8143 | ‘cess | ||||||||
| 1:33:04AM | GOLD | 2445.94 | 2436 | 2431 | 2413 | 2447 | 2450 | 2465 | 2486 | 2443 | Success |
| 1:37:06AM | FTSE | 8384 | Success | ||||||||
| 1:39:45AM | STOX50 | 4880.6 | Success | ||||||||
| 1:44:37AM | GERMANY | 18501 | Success | ||||||||
| 1:47:57AM | US500 | 5553.6 | |||||||||
| 1:50:02AM | DOW | 40908 | ‘cess | ||||||||
| 1:53:16AM | NASDAQ | 19527 | ‘cess | ||||||||
| 1:55:54AM | JAPAN | 38175 | 37955 | 36220 | 34131 | 38706 | 38774 | 39070 | 39467 | 38550 | Success |
31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%
30/07/2024 FTSE Closed at 8274 points. Change of -0.22%. Total value traded through LSE was: £ 5,229,655,790 a change of 9.68%
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% 
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:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:GRG Greggs** **LSE:IPF International Personal Finance** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **
********
Updated charts published on : Aviva, Barrett Devs, Carclo, Greggs, International Personal Finance, Marks and Spencer, National Glib, Sainsbury, Scancell, Tesco, Taylor Wimpey,
LSE:AV. Aviva. Close Mid-Price: 500.2 Percentage Change: + 0.34% Day High: 504.6 Day Low: 498.5
Continued trades against AV. with a mid-price ABOVE 504.6 should improve ……..
</p
View Previous Aviva & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 526.6 Percentage Change: + 0.04% Day High: 538.2 Day Low: 527.6
Further movement against Barrett Devs ABOVE 538.2 should improve accelera ……..
</p
View Previous Barrett Devs & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 32.4 Percentage Change: -3.57% Day High: 35.8 Day Low: 32.6
Continued trades against CAR with a mid-price ABOVE 35.8 should improve t ……..
</p
View Previous Carclo & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 3134 Percentage Change: + 1.69% Day High: 3138 Day Low: 3086
Continued trades against GRG with a mid-price ABOVE 3138 should improve t ……..
</p
View Previous Greggs & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 154 Percentage Change: + 11.59% Day High: 155.5 Day Low: 139
Target met. Continued trades against IPF with a mid-price ABOVE 155.5 sho ……..
</p
View Previous International Personal Finance & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 328.3 Percentage Change: -0.91% Day High: 334 Day Low: 326.4
In the event of Marks and Spencer enjoying further trades beyond 334, the ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 986 Percentage Change: + 0.61% Day High: 992.2 Day Low: 983
In the event of National Glib enjoying further trades beyond 992.2, the s ……..
</p
View Previous National Glib & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 275.4 Percentage Change: -0.79% Day High: 279.4 Day Low: 275
In the event of Sainsbury enjoying further trades beyond 279.4, the share ……..
</p
View Previous Sainsbury & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 15.5 Percentage Change: + 0.00% Day High: 15.75 Day Low: 15.03
Continued trades against SCLP with a mid-price ABOVE 15.75 should improve ……..
</p
View Previous Scancell & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 331.6 Percentage Change: -0.03% Day High: 334.2 Day Low: 330.5
Target met. Continued trades against TSCO with a mid-price ABOVE 334.2 sh ……..
</p
View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 159.35 Percentage Change: + 0.50% Day High: 163.25 Day Low: 159.2
Target met. Further movement against Taylor Wimpey ABOVE 163.25 should im ……..
</p
View Previous Taylor Wimpey & Big Picture ***