#Brent #Dax Growing up on the outskirts of Glasgow, a favourite saying at this time of year was; “Red Sky at Night, Stolen Car Alight”. With the fun and games in parts of England over the weekend, doubtless other folk are adopting the pithy country saying to their own areas, where wheelie bins have been weaponised. In the wider world, something rather more horrifying has been happening for the last few hours. Apparently, Iran is expected to fire missiles at Israel with the result, quite a few folk are Live Streaming from the region in the hope of catching some live action. Perhaps it’s proving the show title cliché; ‘the Revolution will be Televised’ but the ghoulish nature of watching Israel’s skyline in the hope of catching a missile attack is quite dreadful.
It looks like the markets may be reacting to the threat of war in the Middle East or, more likely, reacting to the very probable threat of Israel responding forcefully. What’s a bit surprising though, the price of Oil has been dropping quite fast and at $76, is now trading in a zone where a visit to $71 has become possible with our eventual secondary in the 50’s. Of course, this doesn’t gel with the chances of a live fire conflict in the oil producing region but, texting a chum who’s involved in a university “dig” in Jerusalem, she doesn’t think anything is expected and was out at a nightclub…
With everything going on, we’re not exactly sold on positive movements for Lloyds anytime soon, instead anticipating quite the opposite. From a fairly immediate viewpoint, weakness below 55p looks capable of triggering reversals down to an initial 54.1p and hopefully a rebound. Our secondary, should such a level break, calculates at 51.4p and the prospect of longer term trouble. Danger signs become writ large, should 51.4 break as a cycle to 48.2 becomes expected, dragging the bank share price back below the Blue downtrend since 2009, threatening to dump the share price into a region where the recovery cycle will need to start again.
Obviously, this should provoke the central banks to reduce interest rates fast, finally admitting they got everything wrong.
On the converse side, Lloyds now needs exceed 57.4 to give any hope, once again entering a zone with an ambition at 65.8p and beyond. From what we can see of the futures markets tonight (substantially more frightening than Tel Aviv’s skyline) the markets looks like they are losing confidence. Doubtless the UK media shall spin it to blame imaginary Right Wing Activists.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:20:20PM | BRENT | 7734.7 | 7674 | 7625 | 7425 | 7800 | 8050 | 8233 | 8434 | 7920 |
| 10:31:40PM | GOLD | 2443.13 | ||||||||
| 10:39:00PM | FTSE | 8218 | ||||||||
| 10:48:59PM | STOX50 | 4654.8 | ||||||||
| 11:46:42PM | GERMANY | 17716.4 | 17535 | 17335 | 16804 | 17750 | 17926 | 18093 | 18278 | 17612 |
| 1:21:57AM | US500 | 5273 | ||||||||
| 1:28:31AM | DOW | 39380 | ||||||||
| 1:33:33AM | NASDAQ | 18104 | ||||||||
| 1:45:26AM | JAPAN | 34032 |
2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%
1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%
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% 
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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:EMG MAN** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **
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Updated charts published on : AFC Energy, Avacta, Astrazeneca, MAN, Intercontinental Hotels Group, Lloyds Grp., National Glib, OPG Power Ventures,
LSE:AFC AFC Energy Close Mid-Price: 14.4 Percentage Change: -2.96% Day High: 14.82 Day Low: 13.5
Target met. In the event AFC Energy experiences weakness below 13.5 it ca ……..
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View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 62 Percentage Change: -6.06% Day High: 66 Day Low: 62
If Avacta experiences continued weakness below 62, it will invariably lea ……..
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View Previous Avacta & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 12610 Percentage Change: + 0.78% Day High: 12792 Day Low: 12466
Target met. In the event of Astrazeneca enjoying further trades beyond 12 ……..
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View Previous Astrazeneca & Big Picture ***
LSE:EMG MAN Close Mid-Price: 231 Percentage Change: -3.02% Day High: 235.4 Day Low: 227.6
Target met. If MAN experiences continued weakness below 227.6, it will in ……..
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View Previous MAN & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7366 Percentage Change: -3.33% Day High: 7524 Day Low: 7282
Target met. Continued weakness against IHG taking the price below 7282 ca ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 55.34 Percentage Change: -1.46% Day High: 56.38 Day Low: 55.04
Target met. If Lloyds Grp. experiences continued weakness below 55.04, it ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 997 Percentage Change: + 1.73% Day High: 1006.5 Day Low: 977.4
Target met. All National Glib needs are mid-price trades ABOVE 1006.5 to ……..
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View Previous National Glib & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 9.8 Percentage Change: + 0.51% Day High: 9.8 Day Low: 9.65
Weakness on OPG Power Ventures below 9.65 will invariably lead to 9.4 wit ……..
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View Previous OPG Power Ventures & Big Picture ***