#Brent #US500After an amazing weekend with temperatures hitting 24c here in Argyll, we’re starting to feel we’re in an abusive relationship with the weather. Earlier in the week, constant rain and a low of 4c had us looking at the mountains, expecting a dusting of snow which was thankfully absent. The burst of good weather was interesting but somehow, it also brought autumn to the trees with many turning brown and losing leafs in a few days, while the grass also suddenly started to grow again.
Looking at Natwest share price, we suspect it’s (along with the rest of the retail banking sector) also in an abusive relationship with shareholders, deliberately giving hope, then sharply changing direction. Currently, there has been an immediate warning signal which starts to bother us.
The share price, closing on Friday 6th September at 328.4p simply equalled the previous closing price low of a month earlier, at precisely 328.4p. This was an amazing coincidence but unfortunately, it also allowed the closing price to end a session below the Red trend line (see insert). From our perspective, this isn’t a happy signal, one which perhaps suggests the market intends moving in a converse direction despite expected central bank interest rate cuts. While this may feel like it’s against the rules, no-one expects the market to behave in favour of traders in the event of a solid positive happening. After all, how often do folk read in chatrooms of traders fury at a company issuing extremely positive results, only for the market to head in entirely the wrong direction.
For Natwest, it’s now sitting in a zone, where movement to an initial 270 looks possible with our secondary, when broken, at 231p and a probable bottom. However, we’re inclined to suggest playing safe, assuming the previous spike downward to 309p could be regarded as a “safer” trigger level for serious reversals. On the bright side, a stop loss could be emplaced around 330p.
Alternately, if the market intends a massive practical joke, should the BoE finally do something about absurd interest rates designed to stifle the economy, we need to look at the potentials if Natwest share price intends head upward.
Share price movement now above 343p should bring recovery to an initial 347p with our secondary, if beaten, at 364p. Closure above 364 shall now prove significant, turning the page toward a long term attraction for a distant sounding 419p
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:24:03PM | BRENT | 7141.9 | 7052 | 6999 | 6901 | 7130 | 7185 | 7223 | 7279 | 7132 |
| 11:28:54PM | GOLD | 2496.2 | 2490 | |||||||
| 1:06:22AM | FTSE | 8160.6 | 8161 | |||||||
| 1:15:27AM | STOX50 | 4728 | 4732 | |||||||
| 1:27:17AM | GERMANY | 18300.9 | 18448 | |||||||
| 1:29:33AM | US500 | 5416.9 | 5385 | 5312 | 5197 | 5432 | 5523 | 5565 | 5625 | 5457 |
| 1:32:26AM | DOW | 40401.5 | 40309 | |||||||
| 1:37:07AM | NASDAQ | 18452.1 | 18439 | |||||||
| 1:40:55AM | JAPAN | 35383 | 36132 |
6/09/2024 FTSE Closed at 8181 points. Change of 0%. Total value traded through LSE was: £ 4,939,178,824 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:AAL Anglo American** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:PMG Parkmead** **LSE:TLW Tullow** **LSE:TRN The Trainline** **
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Updated charts published on : Anglo American, B & M, BP PLC, Carclo, MAN, Genel, Gulf Keystone, Glencore Xstra, IQE, Parkmead, Tullow, The Trainline,
LSE:AAL Anglo American Close Mid-Price: 2024 Percentage Change: -3.71% Day High: 2108 Day Low: 2011.5
Continued weakness against AAL taking the price below 2011.5 calculates a ……..
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View Previous Anglo American & Big Picture ***
LSE:BME B & M Close Mid-Price: 425.3 Percentage Change: -3.36% Day High: 439.8 Day Low: 421.1
Target met. Weakness on B & M below 421.1 will invariably lead to 418p wi ……..
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View Previous B & M & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 405.7 Percentage Change: -1.46% Day High: 410.55 Day Low: 404.95
Target met. In the event BP PLC experiences weakness below 404.95 it calc ……..
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View Previous BP PLC & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 38.2 Percentage Change: + 2.41% Day High: 40 Day Low: 37.6
In the event of Carclo enjoying further trades beyond 40, the share shoul ……..
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View Previous Carclo & Big Picture ***
LSE:EMG MAN Close Mid-Price: 207.6 Percentage Change: -2.99% Day High: 215 Day Low: 208.2
If MAN experiences continued weakness below 208.2, it will invariably lea ……..
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View Previous MAN & Big Picture ***
LSE:GENL Genel Close Mid-Price: 73.3 Percentage Change: -3.17% Day High: 75 Day Low: 73.1
Continued weakness against GENL taking the price below 73.1 calculates as ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 114.7 Percentage Change: -1.80% Day High: 116.9 Day Low: 113.5
In the event Gulf Keystone experiences weakness below 113.5 it calculates ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 367.1 Percentage Change: -3.23% Day High: 378.4 Day Low: 366.15
Target met. Weakness on Glencore Xstra below 366.15 will invariably lead ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IQE IQE Close Mid-Price: 23.6 Percentage Change: -7.99% Day High: 25.5 Day Low: 23.5
In the event IQE experiences weakness below 23.5 it calculates with a dro ……..
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View Previous IQE & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 10.5 Percentage Change: -3.45% Day High: 10.88 Day Low: 10.5
Continued weakness against PMG taking the price below 10.5 calculates as ……..
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View Previous Parkmead & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 23.48 Percentage Change: -2.49% Day High: 24.2 Day Low: 23.56
Continued weakness against TLW taking the price below 23.56 calculates as ……..
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View Previous Tullow & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 293.8 Percentage Change: -1.48% Day High: 307.6 Day Low: 294.6
In the event The Trainline experiences weakness below 294.6 it calculates ……..
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View Previous The Trainline & Big Picture ***