#FTSE #STOXX We’ve always liked this company name, thinking it’d be either a great title for a Bond Movie or perhaps, an endearing cocktail. However, while in Edinburgh on Tuesday trying to think of creative ways to introduce this article as we’ve had a few folk asking our opinion, something quite amazing happened. To set the scene, we were at a lunch to celebrate a friend turning 40 and the venue was a Japanese restaurant. My wife decided I was to enjoy a mix of sushi rolls, while I could share her spicy rice with chicken. It was all very civilised, despite the Big 40 balloons, and my wife make a detailed effort to ensure here dish was “safe” for me to eat. This meant no egg, shellfish, or wheat, the waiter going to the kitchen for confirmation before taking the order.
After 30 years marriage, it’s easy to forget your wife can have an explosive temper. Unfortunately, I’d reached over with chopsticks to sample her rice, felt something burn my lip, and quietly decided to avoid taking more. Instead, dunking my sushi rolls in wasabi sauce would provide a safer lunch, everything going peacefully until she prodded something on her plate, asking our daughter to confirm her suspicion. The rice had egg throughout it and immediately my wife stormed the kitchen, furious, as she knew the implication had I actually eaten any. Choosing not to bother with an Epi-pen as they go out of date, I’ve long learned to trust my lips for an immediate alert, if an allergen passes across. Most folk have civilised allergies but my egg & shellfish ones are potentially fatal, each product burning my skin like sunlight to a vampire. Her little tantrum was unfortunate, bringing what felt like all the restaurant staff to our table to apologise. Personally, I dislike holding anyone to blame for my own eating disorders, even my own mother constantly subscribing to the belief poisoning me “a little” every month or so would condition a degree of tolerance. It’s probable she ceased this behaviour when my older siblings and my father made it a game, who’d get the time for the ambulance turning up right.
Tonight, sporting a blistered lip, after admitting her meal had rung alarm bells, she also admitted she’d checked for the location of the nearest pharmacy, GP, and police station, just in case something went wrong. And as usual, she questions how I manage to go through life without bothering with such a basic safety protocol. The answer is despicably simple, Steak & Chips. Most restaurants will serve such a baby food, if you beg and there’s never going to be allergen issues.
The reason for giving this story, when I’ve decided the subject of an analysis, it’s always a more fulfilling job to pad the report out with an introduction of some sort in a sincere effort to move beyond a two sentence article. For instance, it could read “If it exceeds x.xx, then anticipate movement to y.yy with our longer term secondary at z.zz” And a quick change of wording also gives a converse report but as a writer, this sort of thing is deeply unsatisfying. So instead, sometimes we’ll write about the company, sometimes write about what caught our interest, or even tell a funny story about lawnmowers or dishwashers, two domestic items which hate us.
Caspian Sunrise have a downtrend which dates back to 2007, shown in Blue on the chart. Earlier this year, their share price flirted outrageously with this line, eventually opting to close a session above and hopefully nudge open the doors of a whole new dawn, deserving of the company name. As with many oil company share prices, we’re a bit hesitant at the moment with the price of crude currently experiencing reversals as it’s likely sector share prices shall follow suit. However, once the dramatics are over, Caspian should at least be trading in positive territory, where every bit of positive news should similarly impact the share value.
Currently, above just 5.08p looks like a reasonable trigger level to allow a price recovery cycle to an initial 6p. Our secondary, if bettered, calculates at a longer term 6.8p and a price level where some hesitation looks possible. Only with closure above 6.8 dare we suspect truly positive recovery is taking place.
Our converse scenario demands share price closure below 3.8 to spark trouble, potentially prodding the share price down to an eventual 2.45p with the risk of the entire recovery cycle needing to start again.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:06:00PM | BRENT | 7603 | |||||||||
| 11:10:11PM | GOLD | 2389.57 | |||||||||
| 11:14:59PM | FTSE | 8051.4 | 7947 | 7925 | 7763 | 8031 | 8122 | 8175 | 8251 | 8056 | Shambles |
| 1:34:17AM | STOX50 | 4568 | 4537 | 4492 | 4442 | 4581 | 4643 | 4676 | 4723 | 4596 | |
| 1:36:52AM | GERMANY | 17381.9 | |||||||||
| 1:39:52AM | US500 | 5238.1 | |||||||||
| 1:42:32AM | DOW | 39019 | |||||||||
| 1:45:56AM | NASDAQ | 18073 | |||||||||
| 1:49:52AM | JAPAN | 34471 |
6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02%
5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%
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% 
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:BP. BP PLC** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:SCLP Scancell** **LSE:TLW Tullow** **
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Updated charts published on : BP PLC, MAN, Genel, Scancell, Tullow,
LSE:BP. BP PLC Close Mid-Price: 430.7 Percentage Change: -0.07% Day High: 435.55 Day Low: 426.1
Weakness on BP PLC below 426.1 will invariably lead to 421p with secondar ……..
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View Previous BP PLC & Big Picture ***
LSE:EMG MAN Close Mid-Price: 217 Percentage Change: -2.52% Day High: 224.4 Day Low: 216.6
Continued weakness against EMG taking the price below 216.6 calculates as ……..
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View Previous MAN & Big Picture ***
LSE:GENL Genel Close Mid-Price: 75.7 Percentage Change: -2.57% Day High: 81 Day Low: 75.8
In the event Genel experiences weakness below 75.8 it calculates with a d ……..
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View Previous Genel & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 16.5 Percentage Change: + 4.43% Day High: 16.5 Day Low: 15.5
Target met. All Scancell needs are mid-price trades ABOVE 16.5 to improve ……..
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View Previous Scancell & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 27.44 Percentage Change: -1.86% Day High: 28.38 Day Low: 27.04
If Tullow experiences continued weakness below 27.04, it will invariably ……..
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View Previous Tullow & Big Picture ***