#Gold #SP500 A chum works in Customer Complaints at a corporate level with one of the major supermarket chains and he tells me the most common complaint in recent months, has NOT been about prices, nor self scan checkouts. Instead (quite gratifyingly) the most common moan has been about these annoying bits of plastic attaching the lid of plastic bottles to the bottle. It certainly makes taking a sip from a small bottle of Fanta fraught with danger when driving as it risks arriving with a stained shirt at best or at worst, trousers which look like they didn’t make it to the loo. If the UK is indeed out of Europe, why has this nonsense Green rule been inflicted on our country?
Personally, perhaps falling into line with the rules intentions, the use of a 3/4 litre Stanley mug with a straw has become the norm, filled either with diluting supermarket orange or, if early in the day, a massive latte! Either way, the product stays at temperature and more importantly, also stays in the big container. The only problem is you accidentally become part of the lanyard mob, in an elevator with a gang of folk clutching their own version of your mug, some of which are even accessorised to look glitzy. I never thought a tarted up vacuum flask would become a status symbol, like a fancy handbag, and I refuse to apologise for my own drab black mug.
But thinking about it, there’s a reasonable chance the idiotic EU rule on bottle tops has contributed to a drop in soft drink sales.
It looks like Tesco’s position as one of the leading price gougers in retail has secured their income levels, to a point where something quite surprising has been happening this year. Their share price looks like it intends to continue the run of positive energy it has experienced this year.
Near term, it looks like movement above 352.09p should promote further gains to an initial 360p with our “longer term” secondary, if bettered, calculating at a future 380p and some very possible hesitation. We suggest watching for the market gapping the price UP at the open anytime soon as this shall denote an intention of probably exceeding 380p. What’s amazing about this scenario is it takes the share price into a Big Picture zone, where a long term 486 becomes possible, matching the highs of 2008.
If things intend go very wrong for Tesco, below 306p looks like the most dangerous trigger level, allowing weakness to an initial 287 with our secondary, if broken, at 251p and hopefully a bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:48:19PM | BRENT | 7891 | |||||||||
| 10:50:23PM | GOLD | 2525.49 | 2494 | 2491 | 2479 | 2520 | 2528 | 2546 | 2571 | 2504 | |
| 10:53:58PM | FTSE | 8344.6 | Success | ||||||||
| 10:56:12PM | STOX50 | 4892.8 | |||||||||
| 11:01:24PM | GERMANY | 18668 | |||||||||
| 11:07:30PM | US500 | 5618.3 | 5594 | 5576 | 5551 | 5632 | 5652 | 5713 | 5802 | 5603 | |
| 11:10:42PM | DOW | 41237.6 | Success | ||||||||
| 11:13:23PM | NASDAQ | 19532 | |||||||||
| 11:40:54PM | JAPAN | 38158 | ‘cess |
27/08/2024 FTSE Closed at 8345 points. Change of 0.22%. Total value traded through LSE was: £ 4,809,416,803 a change of 12.18%
26/08/2024 FTSE Closed at 8327 points. Change of 0.47%. Total value traded through LSE was: £ 4,287,242,825 a change of -9.07%
22/08/2024 FTSE Closed at 8288 points. Change of 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%
21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%
20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%
19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%
16/08/2024 FTSE Closed at 8311 points. Change of -100%. Total value traded through LSE was: £ 3,973,574,909 a change of 0% 
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:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TSCO Tesco** **
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Updated charts published on : AFC Energy, Astrazeneca, ECO (Atlantic) O & G, Gulf Keystone, Greggs, British Airways, IG Group, Sainsbury, Spirax, Tesco,
LSE:AFC AFC Energy Close Mid-Price: 13.56 Percentage Change: -0.59% Day High: 13.98 Day Low: 13
Target met. Weakness on AFC Energy below 13 will invariably lead to 12.6p ……..
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View Previous AFC Energy & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 13158 Percentage Change: + 0.63% Day High: 13238 Day Low: 13136
All Astrazeneca needs are mid-price trades ABOVE 13238 to improve acceler ……..
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View Previous Astrazeneca & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 12.25 Percentage Change: + 5.38% Day High: 12.75 Day Low: 11.62
Continued trades against ECO with a mid-price ABOVE 12.75 should improve ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 128.1 Percentage Change: + 0.16% Day High: 131.4 Day Low: 127.4
Further movement against Gulf Keystone ABOVE 131.4 should improve acceler ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 3160 Percentage Change: -0.50% Day High: 3196 Day Low: 3146
Further movement against Greggs ABOVE 3196 should improve acceleration to ……..
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View Previous Greggs & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 183.25 Percentage Change: + 1.98% Day High: 183.2 Day Low: 178.15
Target met. All British Airways needs are mid-price trades ABOVE 183.2 t ……..
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View Previous British Airways & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 986 Percentage Change: + 0.92% Day High: 985 Day Low: 972.5
Continued trades against IGG with a mid-price ABOVE 985 should improve th ……..
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View Previous IG Group & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 288 Percentage Change: + 0.14% Day High: 289.4 Day Low: 284.8
Target met. All Sainsbury needs are mid-price trades ABOVE 289.4 to impro ……..
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View Previous Sainsbury & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 7340 Percentage Change: + 0.41% Day High: 7360 Day Low: 7230
Continued weakness against SPX taking the price below 7230 calculates as ……..
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View Previous Spirax & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 351.7 Percentage Change: + 0.74% Day High: 351.9 Day Low: 348.3
Continued trades against TSCO with a mid-price ABOVE 351.9 should improve ……..
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View Previous Tesco & Big Picture ***